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Defining the Yuan as ‘Freely Usable’
The International Monetary Fund will begin using the yuan as a reserve currency. The yuan weight will be 10.92 percent, after announcing that it sees the yuan as a...
Indian Economy Continues to Make Progress
According to official data, the Indian economy grew 7.4 percent year-on-year in the previous quarter, surging past China, according to AFP. This marks the third quarter in which India...
World Bank, IMF, and Heads of State Urge Treaty on Climate Change
As talks begin this week in Paris, strong rhetoric has already erupted in favor of policies designed to combat climate change. Six heads of state and the leadership of...
Europe and China Target More Currency Exchanges
The European Union and China have joined forces to increase currency exchanges between the two, bypassing the U.S. dollar. The European Central Bank and People’s Bank of China began...
Congo Cuts 2015 Forecast amid Commodities Downturn
Mining and copper production plummets as the Democratic Republic of Congo contends with a low-price commodity market, forcing authorities to cut 2015 growth anticipation from 8.4 to 7.7 percent,...
WTO Negotiations Regarding Worldwide Trade Reform Package Stalled
The World Trade Organization (WTO) has negotiated for years on a package of trade reforms that aims to reduce or eliminate barriers to world trade. Unfortunately, trade talks have...
WTO Rules against US Dolphin Saving Measures as a Barrier to Global Trade
The World Trade Organization (WTO) handed down a ruling against the United States, finding that a program implemented decades ago in an effort to save dolphins amounts to a...
New Argentinian President Plans to Make Sweeping Changes
President-elect Mauricio Macri won Sunday's runoff election against Daniel Scioli on a platform of free market principles and spending cuts, according to the Los Angeles Times. His election marks...
Black Friday Sales Predicted to Decline; Retailers to Struggle
Analysts predict a drop in sales for retailers on Black Friday as movements toward online shopping and weariness with the sales add pressure. Several analysts at numerous Wall Street...
OECD: Israel Among Most Educated of Developed Nations
A recent Organization of Economic Cooperation and Development (OECD) report found that Israelis rank among the highest educated in the developed world. However, the same report found that the...