Economy of the Arab League http://www.globalpost.com/taxonomy/term/23665/BF_WIDGET_SRC en IMF had 'productive' discussion with Egypt http://www.globalpost.com/dispatch/news/thomson-reuters/130107/imf-had-productive-discussion-egypt <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>WASHINGTON, Jan 7 (Reuters) - The International Monetary<br /> Fund held "productive" discussions with Egypt about its economic<br /> strategy, a senior Fund official said on Monday after a visit to<br /> the country.</p> <p>Egypt is desperately seeking a $4.8 billion loan from the<br /> IMF to help prop up its budget and contain a currency crisis set<br /> off by political turmoil.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/imf-had-productive-discussion-egypt" target="_blank">read more</a></p> Arab world Economy of Egypt Economy of the Arab League Egypt International economics International Monetary Fund International Monetary Fund International relations Person Career Political geography Quotation Thomson Reuters Tue, 08 Jan 2013 01:46:46 +0000 Thomson Reuters 5731422 at http://www.globalpost.com GLOBAL MARKETS-Chinese export surge lifts shares, oil jumps http://www.globalpost.com/dispatch/news/thomson-reuters/130110/global-markets-chinese-export-surge-lifts-shares-oil-jumps <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Surge in Chinese exports boosts confidence in growth outlook</p> <p>* World stocks rise, European markets more cautious</p> <p>* Oil gains on China demand, Saudi output cuts</p> <p>* Successful Spanish debt sale strengthens euro</p> <p>* Spain's 10-year bonds under 5 pct, lowest since 2010</p> <p>By Richard Hubbard</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/global-markets-chinese-export-surge-lifts-shares-oil-jumps" target="_blank">read more</a></p> Business Economic history Economy of the Arab League Japanese yen Politics Thomson Reuters Thu, 10 Jan 2013 09:00:03 +0000 Thomson Reuters 5732520 at http://www.globalpost.com GLOBAL MARKETS-World shares hit 8-month high; euro rises http://www.globalpost.com/dispatch/news/thomson-reuters/130110/global-markets-world-shares-hit-8-month-high-euro-rises <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Surge in Chinese exports spurs optimism on global growth</p> <p>* Euro firm after ECB holds rates, strong Spanish debt sale</p> <p>* German debt yields rise as Draghi hints no imminent rate cuts</p> <p>* Oil gains on China demand, Saudi output cuts</p> <p>NEW YORK, Jan 10 (Reuters) - World stock prices rose to an eight-month high on Thursday and oil prices climbed as news of stronger-than-expected Chinese exports raised hopes of a more robust recovery for the global economy this year.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/global-markets-world-shares-hit-8-month-high-euro-rises" target="_blank">read more</a></p> Business Economy of the Arab League European Central Bank European Union Politics Thomson Reuters Thu, 10 Jan 2013 19:00:37 +0000 Thomson Reuters 5732796 at http://www.globalpost.com WRAPUP 2-China's economy posts slowest growth since 1999 http://www.globalpost.com/dispatch/news/thomson-reuters/130117/update-1-chinas-economy-rebounds-q4-2012-weakest-1999 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* China Q4 GDP +7.9 pct year-on-year vs Reuters poll f'cast +7.8 pct</p> <p>* China 2012 GDP +7.8 pct y/y vs f'cast 7.7 pct</p> <p>* 2012 was weakest full-year growth since 1999</p> <p>* Recovery tepid amid uncertain outlook for global economy</p> <p>By Kevin Yao and Aileen Wang</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/update-1-chinas-economy-rebounds-q4-2012-weakest-1999" target="_blank">read more</a></p> Business Economics Economy of the Arab League Economy of the People's Republic of China Entertainment Inflation Macroeconomics Recessions Technology Thomson Reuters Fri, 18 Jan 2013 03:00:06 +0000 Thomson Reuters 5735931 at http://www.globalpost.com Oil-dependent Kuwait growth to slow: report http://www.globalpost.com/dispatch/news/afp/130203/oil-dependent-kuwait-growth-slow-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil-driven economic growth in the Gulf state of Kuwait is forecast to slow down this year and in 2014 as crude output is expected to remain flat, the National Bank of Kuwait said in a report Sunday.</p> <p>After Gross Domestic Product (GDP) grew by a healthy 6.1 percent in real terms last year, thanks to continued strong oil income, it is forecast to drop to 3.2 percent in 2013 and to 2.5 percent in 2014, NBK said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130203/oil-dependent-kuwait-growth-slow-report" target="_blank">read more</a></p> Asia Economy of the Arab League Middle East Technology AFP Sun, 03 Feb 2013 14:30:29 +0000 Agence France-Presse 5744417 at http://www.globalpost.com Indonesia says economy slowed in 2012 http://www.globalpost.com/dispatch/news/afp/130205/indonesia-says-economy-slowed-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Indonesia said Tuesday that growth in Southeast Asia's biggest economy slowed in 2012 from the previous year owing to global headwinds, but was supported by strong domestic consumption and investment.</p> <p>The slip, from 6.5 percent expansion seen in 2011 year and below Jakarta's 6.3 percent forecast, came as the country also recorded its first trade deficit owing to a fall in demand for exports from key markets such as China and India.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/indonesia-says-economy-slowed-2012" target="_blank">read more</a></p> Economy of Indonesia Economy of the Arab League Entertainment AFP Tue, 05 Feb 2013 09:30:25 +0000 Agence France-Presse 5746140 at http://www.globalpost.com Indonesia says economy slowed in 2012 http://www.globalpost.com/dispatch/news/afp/130205/indonesia-says-economy-slowed-2012-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Indonesia said Tuesday that growth in Southeast Asia's biggest economy slowed to 6.23 percent in 2012 owing to global headwinds, but was supported by strong domestic consumption and investment.</p> <p>The slip, from 6.5 percent expansion seen in 2011 year and below Jakarta's 6.3 percent forecast, came as the country also recorded its first trade deficit owing to a fall in demand for exports from key markets such as China and India.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/indonesia-says-economy-slowed-2012-0" target="_blank">read more</a></p> Economy of the Arab League Entertainment AFP Tue, 05 Feb 2013 10:15:16 +0000 Agence France-Presse 5746183 at http://www.globalpost.com Tanzania narrows current account gap in 2012 -cbank http://www.globalpost.com/dispatch/news/thomson-reuters/130207/tanzania-narrows-current-account-gap-2012-cbank <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>DAR ES SALAAM, Feb 7 (Reuters) - Tanzania's current account deficit narrowed 14 percent to $3.44 billion in 2012 helped by a strong jump in export revenues even though gold export volumes dipped, its central bank said on Thursday.</p> <p>Total exports of goods and services rose 17 percent to $8.68 billion, while the country's import bill for goods and services rose 5.3 percent to $12.67 billion.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/tanzania-narrows-current-account-gap-2012-cbank" target="_blank">read more</a></p> Economy of Tanzania Economy of the Arab League USD Thomson Reuters Thu, 07 Feb 2013 13:15:56 +0000 Thomson Reuters 5748803 at http://www.globalpost.com Hong Kong stocks gain 0.16% http://www.globalpost.com/dispatch/news/afp/130208/hong-kong-stocks-gain-016 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hong Kong shares closed 0.16 percent higher Friday on bargain-buying and following better-than-expected Chinese trade and inflation data.</p> <p>The benchmark Hang Seng Index gained 38.16 points to end at 23,215.16 on turnover of HK$65.74 billion ($8.48 billion) on the last day of trade before a long Lunar New Year weekend. The market will reopen on Thursday.</p> <p>The gains follow a sharp retreat in recent days after the index hit a 21-month high on Monday.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/hong-kong-stocks-gain-016" target="_blank">read more</a></p> Economy of the Arab League AFP Fri, 08 Feb 2013 10:15:27 +0000 Agence France-Presse 5749829 at http://www.globalpost.com Canada trade deficit halved in December http://www.globalpost.com/dispatch/news/afp/130208/canada-trade-deficit-halved-december <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Canada's trade deficit was halved to Can$901 million (US$898 million) in December, as a big drop in imports outweighed the impact of fewer exports, a government agency said Friday.</p> <p>The ninth consecutive monthly deficit was down from a revised Can$1.7 billion (US$1.7 billion) in the previous month, according to Statistics Canada.</p> <p>The agency noted a decline in imports of lubricants and other petroleum refinery products, as well as lead and zinc ores and concentrates, while crude oil and bitumen imports rose.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/canada-trade-deficit-halved-december" target="_blank">read more</a></p> Economy of Japan Economy of the Arab League Politics Trade policy of Japan AFP Fri, 08 Feb 2013 14:49:41 +0000 Agence France-Presse 5750139 at http://www.globalpost.com US trade gap plunges in December http://www.globalpost.com/dispatch/news/afp/130208/us-trade-gap-plunges-december <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The US trade deficit shrank sharply in December, official data showed Friday, raising speculation that fourth-quarter economic growth was better than estimated.</p> <p>The Commerce Department reported the trade gap narrowed 21 percent to $38.5 billion, its lowest level since January 2010, from a revised $48.6 billion in November.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/us-trade-gap-plunges-december" target="_blank">read more</a></p> Economy of Côte d'Ivoire Economy of the Arab League Late-2000s recession in Europe Politics USD AFP Fri, 08 Feb 2013 17:15:55 +0000 Agence France-Presse 5750341 at http://www.globalpost.com Yemen economy starts to recover from political crisis http://www.globalpost.com/dispatch/news/thomson-reuters/130213/yemen-economy-starts-recover-political-crisis <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Firms report jump in sales, still below pre-crisis levels</p> <p>* Construction, tourism remain paralysed, job market idle</p> <p>* Inflation fell sharply, currency stabilised</p> <p>* Government faces budget strains, unemployment high</p> <p>* Pipeline attacks cost up to $500 mln every month</p> <p>By Martin Dokoupil and Mohammed Ghobari</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130213/yemen-economy-starts-recover-political-crisis" target="_blank">read more</a></p> Asia Economy of the Arab League Middle East Technology War Thomson Reuters Wed, 13 Feb 2013 16:00:22 +0000 Thomson Reuters 5754691 at http://www.globalpost.com Indian wages set to grow by over 10%, leading Asia http://www.globalpost.com/dispatch/news/afp/130220/indian-wages-set-grow-over-10-leading-asia <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Even with an economy growing at its slowest pace in a decade, average Indian salaries are projected to jump by more than 10 percent this year, a new survey forecast on Wednesday.</p> <p>That is far below the blistering 15 percent before the onset of the global financial crisis when the economy was expanding at near double digits, according to figures from global staffing services firm Hewitt Association.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/indian-wages-set-grow-over-10-leading-asia" target="_blank">read more</a></p> Economy of the Arab League AFP Wed, 20 Feb 2013 11:30:54 +0000 Agence France-Presse 5760925 at http://www.globalpost.com S. Korea logs $2.25 bn Jan current account surplus http://www.globalpost.com/dispatch/news/afp/130226/s-korea-logs-225-bn-jan-current-account-surplus <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>South Korea posted a current account surplus of $2.25 billion for January on robust exports of mobile devices, autos and petrochemical products, the central bank said Wednesday.</p> <p>The nation's current account -- the broadest measure of its trade with the rest of the world and including investment returns -- has been in the black for 12 straight months including a revised $2.14 billion surplus in December.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/s-korea-logs-225-bn-jan-current-account-surplus" target="_blank">read more</a></p> Balance of payments accounts of Japan Economy of the Arab League Japan USD AFP Wed, 27 Feb 2013 03:16:04 +0000 Agence France-Presse 5768002 at http://www.globalpost.com Canada: Fourth quarter GDP flat, growth 1.8% for 2012 http://www.globalpost.com/dispatch/news/afp/130301/canada-fourth-quarter-gdp-flat-growth-18-2012-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Canada's economy grew 1.8 percent last year, a bit less than the central bank's forecast and down from 2.6 percent in 2011, the government statistics agency said Friday.</p> <p>Gross domestic product in the fourth quarter was up 0.2 percent, similar to the previous quarter's gains, as mining and oil and gas extraction were up and manufacturing recorded a significant decrease.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130301/canada-fourth-quarter-gdp-flat-growth-18-2012-0" target="_blank">read more</a></p> Business Economy of the Arab League Politics AFP Fri, 01 Mar 2013 20:17:01 +0000 Agence France-Presse 5771292 at http://www.globalpost.com