Investors withdraw over $14bn from emerging markets on global trade conflicts

IMF

*IMF gives conflict navigation tips to emerging economies   The International Monetary Fund (IMF) has said over $14 billion dollars have been withdrawn by investors from emerging markets in May and June of this year further complicating situations in these markets. Christine Lagarde in an article released Wednesday via the IMF blog also indicated that […]

China to benefit from increased export of U.S. agricultural products

Increasing the export of U.S. agricultural products will improve China’s effective supply in its domestic market and broaden consumption choices, an expert told People’s Daily during a recent interview. China and the U.S. issued a joint statement last Saturday in Washington after economic and trade talks, agreeing to meaningfully increase the export of U.S. agricultural […]

Air France shares tank amid CEO’s resignation

Air-France- KLM Group is facing its biggest crisis in years as chief executive officer Jean -Marc Janaillac prepares to quit amid a deepening labour conflict which the French government warned is threatening its survival. According a wire service report, the stock dropped Monday, when Europe’s biggest airline was forced to scrap 15 percent of its […]

Global stock markets to remain volatile on ongoing trade drama between the US, China

Global stock markets are likely to remain explosively volatile and wildly unpredictable unless the ongoing trade drama between the US and China is quickly resolved, according to Lukman Otunuga, research analyst at ForexTime (FXTM), a Lagos-based forex broker specialising in forex trading, CFDs, stocks, commodities and spot metals. “The fact that global equities roared back […]

U.S. SEC sanctions KPMG, Deloitte for poor audit

The top U.S. securities regulator Tuesday charged foreign affiliates of three major accounting firms – KPMG, Deloitte & Touche and BDO – for conducting audits without proper oversight from the Public Company Accounting Oversight Board. The Securities and Exchange Commission said the firms agreed to settle the charges by paying penalties and disgorging profits from […]

Global economic upswing knocked back by Trump’s trade-war threat

Investors are worried that Donald Trump will derail world growth. An announcement last week of tariffs on imported steel and aluminum triggered a slide in optimism among financial-market participants, according to Sentix, which said the reaction should be a “wake-up call for the U.S. president to reconsider the matter of protectionism.” Investor confidence in the […]

Global shares mixed as China recovers from Wall Street drag

Global shares were mixed Thursday as sentiment was being dragged down by a slide on Wall Street, but Chinese benchmarks rose on optimism for growth. France’s CAC 40 dipped 0.2 percent in early trading to 5,311.47, while Germany’s DAX slipped 0.5 percent to 12,379.95. Britain’s FTSE 100 was down 0.2 percent at 7,216.16. U.S. shares […]

Facebook expands job search to more than 40 countries

Facebook Inc. expanded the jobs section on its social network, as it looks to compete in a market dominated by Microsoft Corp’s LinkedIn. The social media company expanded the job search and application tool it released almost a year ago in the U.S. and Canada to now serving more than 40 countries. With this innovation, […]