Economics Archives - Page 26 of 183

The U.K.’s EU Referendum’s Global Reach Includes Asia

Amid secular stagnation, Europe’s challenges have increased dramatically in the past few years, while new risks – particularly Brexit – have potential to trigger negative chain reactions, says Dan Steinbock. Since the European sovereign debt crisis in 2010, Brussels has avoided hard political choices. After weeks of travels in multiple European economies, I believe that’s no longer a viable option.

The next milestone is the UK’s EU referendum on June 23.

Asia’s Brexit exposure

World Bank: Forced Displacement Life Improvement Contest Winners

Forced displacement has become a growing problem around the world. Millions of people have been driven from their homes by conflicts, development, and political disputes. The situation has reached crisis levels, and the World Bank has sought innovative new ways to improve the lives of those affected by these forced displacements.

Persistent Low Interest Rates Bring Bank Woes

Persistently low interest rates are set to hit bank profits in America, triggering warnings from analysts across Wall Street. A number of notes released late last week and early this week to clients warned that Federal Reserve policy is likely to hinder bank profits for a long time, bringing to doubt both Wall Street’s ability to improve profitability and the future of employment in the financial sector.

The Eurozone Focus on Germany, the U.S. on Yellen

The US dollar remains heavy against most of the major and emerging market currencies today as the pullback that began at the end of last week continues. The Australian and New Zealand dollars are leading the way, with 0.5%-0.6% gains. Nevertheless, we expect to see the dollar stabilize over the next couple of sessions.

The Philippines is Out in Front with Women in Politics

This is supposed to be the Asian century, with East Asian countries leading the way. The world admires many East Asian countries for their miraculous economic growth, democracy-building and cultural innovation. However, can East Asia also provide a model for developing women’s rights and political power? East Asia has no coherent pattern to boast or export.

St. Louis Fed President Bullard’s ‘Regimes’

The dot plot the recent FOMC meeting was curious. We noted right away that inexplicably there was one official that apparently anticipated one hike this year and then no hikes in 2017 or 2018. There was also one dot that was missing for a long-term view.

U.S. Fed and RBA Traveling a Similar Path

A familiar theme of this column has been the significant uncertainty about the global economy that is leaving investors – and to some extent, consumers – standing on the sidelines. That in turn means lower growth, which validates the decision to stand on said sideline. Moreover, the vicious circle continues.

This week’s events provided further evidence for that view.

Where did You Intern?

In today’s hyper competitive job market, internships are becoming a must-have on almost every job applicant’s CV. However, when should a worker be paid for an internship, and is the rise of unpaid internships simply broadening the gap between those who can afford to work for free and those who can’t? We explore these and other issues in this Internships Investigated series.

ASEAN’s Diversity Challenge

As 2015 ended, members of ASEAN announced the realisation of the ASEAN Community, although it shall remain a ‘work in progress’. The ASEAN Community idea sets a roadmap for continuing the work of regional integration over the next decade.

ASEAN+3 Strengthens its Surveillance Unit’s Powers

The first half of 2016 saw two notable steps in the development of regional financial institutions in Asia. The first occurred on 9 February 2016 when the ASEAN+3 Macroeconomic Research Office (AMRO), the independent surveillance unit of the ASEAN+3 countries, was upgraded from a company registered in Singapore to an international organisation, which is not bound by the legal system and practices of any one member country.