Global Economy http://www.globalpost.com/taxonomy/term/20383/all en A euro zone break-up: Will it wreck the global economy? http://www.globalpost.com/dispatch/news/business-tech/111129/euro-zone-debt-crisis-global-economy-europe-greece-spain-italy <p> BOSTON &mdash; A euro zone break-up would not be a happy outcome for anyone &mdash; Germans, Greeks, Spaniards, or yes, Americans, Chinese and just about everyone else.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/111129/euro-zone-debt-crisis-global-economy-europe-greece-spain-italy" target="_blank">read more</a></p> Europe Debt Crisis Global Economy Business Debt Crisis France Brazil Europe Germany China Global Economy Italy Poland Spain Wed, 30 Nov 2011 11:16:00 +0000 Thomas Mucha 5682811 at http://www.globalpost.com Euro falls to 16-month low against dollar as bank shares slump http://www.globalpost.com/dispatch/news/business-tech/global-economy/120105/euro-falls-16-month-low-against-dollar-bank-shares <p> The beleaguered currency fell to $1.2831 against the dollar after rising French borrowing costs and a suggestion from Spain&rsquo;s new economy minister that Spanish banks may face up to &euro;50 billion in new bad loan provisions unsettled markets.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/global-economy/120105/euro-falls-16-month-low-against-dollar-bank-shares" target="_blank">read more</a></p> Debt Crisis France Global Economy Business Debt Crisis France Europe Global Economy Thu, 05 Jan 2012 15:57:20 +0000 Luke Browne 5686071 at http://www.globalpost.com US trade deficit hits five-month high due to record imports http://www.globalpost.com/dispatch/news/business-tech/global-economy/120113/us-trade-deficit-hits-five-month-high <p> The Commerce Department&rsquo;s report suggested a modest improvement in the politically sensitive trade deficit with China however, with rising US exports (up to $9.9 billion) and falling imports narrowing the imbalance to $26.9 billion in November &ndash; the highest since December 2010.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/global-economy/120113/us-trade-deficit-hits-five-month-high" target="_blank">read more</a></p> China Global Economy United States Business China Global Economy United States Fri, 13 Jan 2012 15:15:00 +0000 Luke Browne 5687251 at http://www.globalpost.com UK and Hong Kong strike deal to make London yuan trading hub http://www.globalpost.com/dispatch/news/business-tech/120116/uk-and-hong-kong-strike-deal-make-london-yuan-trading-hub UK Finance Minister George Osborne has reached agreement on technical measures with Norman Chan, CEO of the Hong Kong Monetary Authority, in order to help London play an important role in boosting the yuan as a major global currency.<p><a href="http://www.globalpost.com/dispatch/news/business-tech/120116/uk-and-hong-kong-strike-deal-make-london-yuan-trading-hub" target="_blank">read more</a></p> Global Economy Hong Kong United Kingdom Business Asia-Pacific United Kingdom Mon, 16 Jan 2012 17:54:00 +0000 Luke Browne 5687572 at http://www.globalpost.com IMF chief Christine Lagarde calls for bigger euro zone bailout fund http://www.globalpost.com/dispatch/news/regions/europe/120123/imf-chief-christine-lagarde-calls-bigger-euro-zone-bailout-fund <p> Lagarde said the global economy faced a &ldquo;defining moment,&rdquo; and called on euro zone governments to consider financial risk-sharing steps like common euro zone bonds as a way to tackle the 17-member currency bloc&rsquo;s sovereign debt crisis.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/120123/imf-chief-christine-lagarde-calls-bigger-euro-zone-bailout-fund" target="_blank">read more</a></p> Debt Crisis Europe Global Economy Business Debt Crisis Europe Global Economy Mon, 23 Jan 2012 17:09:45 +0000 Luke Browne 5688490 at http://www.globalpost.com IMF cuts global growth forecasts, saying world economy is 'deeply in the danger zone' http://www.globalpost.com/dispatch/news/business-tech/global-economy/120124/imf-cuts-global-growth-forecasts <p> The Washington-based lender predicts that the world&rsquo;s economy will grow by 3.25 percent this year, down from an earlier forecast of 4% in September.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/global-economy/120124/imf-cuts-global-growth-forecasts" target="_blank">read more</a></p> Debt Crisis Global Economy Business Debt Crisis Global Economy Tue, 24 Jan 2012 17:28:01 +0000 Luke Browne 5688675 at http://www.globalpost.com IMF: Halt in Iran oil could push prices up 20-30% http://www.globalpost.com/dispatch/news/business-tech/global-economy/120125/imf-halt-iran-oil-could-push-prices-20-30 <p> Sanctioning Iran, the world&rsquo;s fifth largest oil producer, could trigger a shock to the oil market as serious as that caused by Libya&rsquo;s revolution last year.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/global-economy/120125/imf-halt-iran-oil-could-push-prices-20-30" target="_blank">read more</a></p> Diplomacy Global Economy Iran Business Diplomacy Global Economy Middle East Wed, 25 Jan 2012 17:56:53 +0000 Luke Browne 5688877 at http://www.globalpost.com The #1 reason to be bullish on the global economy http://www.globalpost.com/dispatch/news/business-tech/120201/one-reason-be-bullish-the-global-economy-growing <p>Here&#39;s one thing to keep in mind before getting too pessimistic about the global economy.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/120201/one-reason-be-bullish-the-global-economy-growing" target="_blank">read more</a></p> Global Economy Business Global Economy Wed, 01 Feb 2012 23:04:00 +0000 Simone Foxman, Business Insider 5689966 at http://www.globalpost.com Chinese exports and imports fall for first time since 2008 crisis http://www.globalpost.com/dispatch/news/regions/asia-pacific/china/120210/chinese-exports-and-imports-fall-first-time-2008 <p> The sharper-than-expected plunge in imports reflects a weakening property sector and a pulling back of infrastructure building in China.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/china/120210/chinese-exports-and-imports-fall-first-time-2008" target="_blank">read more</a></p> Asia Pacific China Global Economy Business Asia-Pacific China Global Economy Fri, 10 Feb 2012 15:13:46 +0000 Luke Browne 5691215 at http://www.globalpost.com Chinese Premier Wen Jiabao promises help to tackle EU debt crisis http://www.globalpost.com/dispatch/news/business-tech/global-economy/120214/chinese-premier-wen-promises-help-solve-eu-debt-crisis <p> Europe is China&rsquo;s largest trading partner, with trade worth around $740 billion flowing between the two in 2011. Last week the IMF warned that an escalation of the EU debt crisis could halve China&rsquo;s growth rates.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/global-economy/120214/chinese-premier-wen-promises-help-solve-eu-debt-crisis" target="_blank">read more</a></p> Asia Pacific China Debt Crisis Europe Global Economy Business Debt Crisis Asia-Pacific Europe China Global Economy Tue, 14 Feb 2012 13:25:36 +0000 Luke Browne 5691627 at http://www.globalpost.com Europeans agree to review size of bailout fund http://www.globalpost.com/dispatch/news/business-tech/global-economy/120227/europeans-agree-review-size-bailout-fund <p> The size of the fund would be &ldquo;essential input&rdquo; when G20 nations consider providing more resources to the IMF to assist the region, finance ministers and central bankers from leading economies said in their final communiqu&eacute; after two days of meetings in Mexico City.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/global-economy/120227/europeans-agree-review-size-bailout-fund" target="_blank">read more</a></p> Debt Crisis euro zone Europe Germany Global Economy Mexico City Business Debt Crisis Europe Germany Global Economy Mon, 27 Feb 2012 16:23:00 +0000 Luke Browne 5693672 at http://www.globalpost.com Geir Haarde, ex-Iceland PM, on trial over financial crisis http://www.globalpost.com/dispatch/news/business-tech/global-economy/120305/geir-haarde-ex-iceland-pm-trial-over-financial-crisis <p> Haard is thought to be the world&rsquo;s first politician to face criminal charges over the crisis, and faces up to two years in prison if found guilty.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/global-economy/120305/geir-haarde-ex-iceland-pm-trial-over-financial-crisis" target="_blank">read more</a></p> Debt Crisis Europe Global Economy Iceland Debt Crisis Europe Global Economy Mon, 05 Mar 2012 12:25:00 +0000 Luke Browne 5694575 at http://www.globalpost.com So how stressed is the financial system? http://www.globalpost.com/dispatches/globalpost-blogs/macro/financial-system-stress <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Now there's a chart to see just how everyone is feeling out there. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomas Mucha </div> </div> </div> <!--paging_filter--><p>As everyone knows, there&#39;s been plenty of stress in the financial system since 2008 and the global financial and economic crisis.</p> <p>But thanks to the Federal Reserve Bank of Cleveland (hooray for freshwater economists!) we&#39;ve now got a graph to prove it.</p> <p>The dependable bank has put together something called the <a href="http://www.clevelandfed.org/research/data/financial_stress_index/index.cfm">Cleveland Financial Stress Index</a>, which constantly monitors stress levels in an easy-to-digest graphic format.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/macro/financial-system-stress" target="_blank">read more</a></p> Global Economy Business Debt Crisis Global Economy Macro Wed, 21 Mar 2012 20:00:00 +0000 Thomas Mucha 5697089 at http://www.globalpost.com China and Australia sign $31BN currency swap deal http://www.globalpost.com/dispatch/news/business-tech/120322/china-and-australia-sign-31bn-currency-swap-deal <p> The agreement will allow for US$31.2 billion worth of local currencies to be exchanged between both countries&rsquo; central banks over three years, lowering costs for businesses.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/120322/china-and-australia-sign-31bn-currency-swap-deal" target="_blank">read more</a></p> Asia Pacific China Global Economy Business Asia-Pacific China Global Economy Thu, 22 Mar 2012 12:27:41 +0000 Luke Browne 5697201 at http://www.globalpost.com Japan, China and South Korea in investment deal http://www.globalpost.com/dispatch/news/regions/asia-pacific/120323/japan-china-and-south-korea-investment-deal <p> Japan&rsquo;s foreign ministry said the agreement &ndash; which has been discussed for almost a decade and under negotiation since 2007 &ndash; would &ldquo;add momentum&rdquo; to work towards a trade deal.&nbsp;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/120323/japan-china-and-south-korea-investment-deal" target="_blank">read more</a></p> Asia Pacific China Global Economy japan South Korea Business Asia-Pacific China Global Economy Japan South Korea Fri, 23 Mar 2012 12:33:42 +0000 Luke Browne 5697384 at http://www.globalpost.com