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Investment Bank Warns of Energy Company Bankruptcies
Seeing greater challenges for the energy sector, investment banks are starting to cut off credit to oil producers. JPMorgan, a U.S.-based investment bank, announced it would limit credit availability...
Singapore’s Economy Contracted in 2015 but Remains in Good Standing
According to government figures, Singapore’s economy grew 2.0% in 2015, a shortfall from 3.3% seen from 2014, according to CNBC. Retail trade and wholesale added the most growth, but...
IMF Chief Suggests Fiscal Reforms May Pave Road to Middle East Peace
Christine Lagarde, the outspoken and highly popular head of the International Monetary Fund (IMF), has made a rather bold statement about how to achieve peace in a region known...
Fed Signals Fear as Consumer Confidence, Manufacturing Falls
A Federal Reserve chairman has warned that the central bank’s policies may be hurting growth as several economic indicators soured. In an interview with the Financial Times, Dallas Federal...
UN Secretary General Visits Burundi as Violence Escalates
UN Secretary General Ban Ki-moon visited Burundi Monday to assist in the resolution of an ongoing dispute over President Pierre Nkurunziza’s third-term presidential win in July, according to AFP....
World Bank Partners with Myanmar to Support Ongoing Development
Myanmar (Burma) is one of the poorest nations in Asia. It ranks 208 of 227 countries indexed by the CIA in per capita gross domestic product (GDP); but, several...
Mixed Signals Indicate an Uneven Economic Recovery in the U.S.
The Chicago Federal Reserve announced Monday that the country is seeing improved economic conditions, which helped bolster a recovering stock market that remains down for the year. "The Chicago...
Popular French Economy Minister Faces Tough Road While Reforming Economy
Economy Minister Emmanuel Macron struggles to implement crucial reforms as politics stand in the way of progress, according to Reuters. Macron is wildly popular among French citizens, but his...
WTO to Grant Nigeria Relief from Dumping
Nigerian industry has suffered for many years thanks to the influx of less expensive items from abroad. This has effectively killed a number of local industries in the African...
U.S. Jobless Claims Fall as Inflation Rises
Prices are going up and unemployment is going down, but companies are still struggling to pay their debts. Jobless claims fell 7,000 to 262,000, below the 275,000 expected and...