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The Week in Review: Greek Calm, Chinese Rebound
The week saw a sudden calm in several markets as China showed signs of renewed economic strength and Greek banks reopened, but falling commodity prices have hurt export-driven economies’...
Confidence in South Africa Wanes as Energy Crisis Continues
According to a recent survey, South Africa's business confidence index dropped 2.3 points in June, marking the largest decline in over 16 years. The economy is undergoing a productivity...
World Bank Pledges $2.1 Billion to Nigerian Rebuilding Efforts
For the past six years, Nigeria has fought an ongoing battle against radical Islamic extremist group Boko Haram in its northern region. The insurgency aims to carve out a...
Gold Rout as Investors Await Higher Interest Rates
Gold prices plummeted first in Asia and worsened later in trading in America on Monday as investor demand for the commodity evaporated. The commodity’s price fell over 3% from...
Singapore Economy Contracted in Second Quarter
Due to declining demand from Chinese and European markets, Singapore's manufacturing base suffered in the second quarter, including the construction and service sectors. The overall economy grew 1.7 percent...
Greece Repays the IMF and ECB
Despite months of concern, countless reports regarding the nation's unlikely possibility for making repayment, and an enormous drag on the economy of Europe, Greece has officially paid back the...
Greek Banks Reopen after EU Deal
After three weeks of closed banks and capital controls, Greek banks reopened on Monday to little fanfare and much foreign scrutiny. Greek banks opened and offered all banking services...
Irish Economy Set to Grow but Gaps Remain
According to finance minister Michael Noonan, Ireland's economy may grow over 4.0 percent for 2015. The Irish economy expanded 4.8 percent in 2014, which was the nation's best performance...
World Bank Predicts Considerable Growth and Drop in Poverty Rate for Rwanda
On Wednesday, the World Bank released an Economic Update on Rwanda. The World Bank's projection show economic growth of 7.4 percent for 2015 and 7.6 percent for 2016. Similarly,...
China Shows Signs of Rebound
The Chinese economy is showing signs of renewed strength after aggressive stimulus efforts over the past year. China surprised analysts with a 7% annualized GDP growth and less housing...