Russian inflation will exceed forecasts to reach 9 percent by the year’s end and rise further in early 2015 because of the ruble’s weakness, Economic Development Minister Alexei Ulyukayev said. The ruble has weakened some ... Read More
Russia will be ready to join the G20 automatic tax information exchange program from 2018, Finance Minister Anton Siluanov told reporters Monday after a G20 summit. “Now we have ... Read More
The yen strengthened after falling to a seven-year low against the dollar as demand for safer assets revived following a report that showed Japan’s economy unexpectedly sank into a ... Read More
Economists will tell you that cartels are hard to keep alive. They work when everyone in the cartel holds down production to keep the price artificially high (and punish ... Read More
President Obama said Monday night that the U.S. and China are nearing a final agreement on expanding a major technology pact. Obama said that the world’s two largest economies ... Read More
A landmark deal to give global investors easier access to China’s $3.9 trillion stock market helped lift world shares to their highest in over a month on Monday, as ... Read More
A strong dollar, declining oil prices, and a weak economy have finally taken the wheels off the Russian ruble. It has finally sunk in that the Central Bank is ... Read More
In Japan – Hiroyuki Hara has increased prices at his flower shop in recent months, part of a broad reversal of the deflation that has long plagued Japan’s economy. ... Read More
Australia could face its first recession in almost 25 years unless authorities further stimulate the economy, Morgan Stanley (MS:US) said. The nation’s economy will expand just 1.9 percent in ... Read More
A generation of economists and central bankers who lived through the 1970s learned that there is a large risk from runaway inflation and that steps must be taken to ... Read More
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