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Latest news about the state of the world economy.
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Key Economic News to Watch This Week: June 10
This Week: Protestors target banks, hedge funds and other financial institutions in London ahead of the G8 Summit next week, while Iran holds a presidential election to find a...
EU, IMF Clash Over Botched Handling of Greek Bailout
The European Commission on Thursday said it fundamentally disagrees with an International Monetary Fund report that places much of the blame for Greece’s botched first bailout on Europe, rejecting...
S&P Cuts Brazil Outlook to Negative on Sluggish Growth
Credit ratings agency Standard and Poor’s cut Latin America’s largest economy’s outlook from stable to negative on Thursday, citing slugging economic growth and an expansionary fiscal policy that could...
Global Food Prices to Rise 40% in Coming Decade
Rising global food demand will push prices up 15 to 40 percent over the coming decade as consumption outpaces production growth said the United Nation’s food agency and the...
SEC To Tighten Regulation on Money-Market Funds
The U.S. Securities and Exchange Commission took a long-awaited step to reduce risk in the $2.6 trillion money-market mutual-fund industry, voting unanimously on Wednesday to move forward with a...
IMF Admits to “Notable Failures” in Greece Bailout
In a scathing internal self-assessment of its handling of the 2010 Greece bailout, the International Monetary Fund said Greece’s recession and unemployment problems were more severe than anticipated and...
Apple Products Banned in US after Court Rules It Violates Rival Samsung’s Patents
The U.S. International Trade Commission on Tuesday ruled that Apple violated rival Samsung’s patent covering technology used to send information over wireless networks, a ruling that could see some...
China Opens Anti-Dumping Investigations into European Wine
In a retaliatory move against fresh EU punitive duties on Chinese solar panels, Beijing on Wednesday announced it will launch an anti-dumping and anti-subsidy probe against wine imported from...
Brazil Removes Financial Transaction Tax as Currency Slumps
Brazil on Tuesday cut the financial transactions tax on overseas investments in domestic bonds from 6 percent to zero, a surprise move that could help stop a sharp depreciation...
US Unveils New Iran Sanctions
The White House on Monday announced its ninth set of sanctions against Iran, including measures that target the Iranian rial for the first time, as it increases the pressure...


