IMF Chief Sees Lower U.S. Growth, Calls Trade Barriers ‘Malpractice’

Christine Lagarde

International Monetary Fund Managing Director Christine Lagarde said on Wednesday the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade “economic malpractice” that would choke off growth. Lagarde, in prepared remarks at Northwestern University ahead of next week’s IMF and World Bank annual meetings, More...

by Callum Waters | Published 6 years ago
Janet Yellen
By Callum Waters On Wednesday, September 28th, 2016

Fed May Change Stress Tests, Capital Buffers For U.S. Banks: Yellen

The Federal Reserve is considering changes to the annual stress tests it gives U.S. banks to move to a more risk-sensitive, firm-specific approach that would raise capital requirements for big banks based on their More...

Oil Drilling
By Callum Waters On Wednesday, September 28th, 2016

Oil Rises After Industry Data Indicates U.S. Inventory Draw

Oil prices rose on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept More...

Janet Yellen
By Callum Waters On Wednesday, September 28th, 2016

Deutsche Bank Helps Lift European Stocks Before Yellen, Draghi

A rise in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany’s financial sector that had hit equities in Asia and drove investors into safe-haven government More...

By Henry Yates On Tuesday, September 27th, 2016

Saudis, Iran Dash Hopes For OPEC Oil Deal In Algeria

Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said the differences between the kingdom and More...

By Sarah Harrison On Tuesday, September 27th, 2016

WTO Cuts 2016 World Trade Growth Forecast To 1.7 Percent, Cites Wake-Up Call

The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure More...

Oil Rig
By Callum Waters On Tuesday, September 27th, 2016

Oil Closes 3 Percent Up As OPEC Meets; Volatility Reaches Post-Doha High

Oil settled up 3 percent on Monday as the world’s largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze More...

Mario Draghi
By Kyle Brown On Monday, September 26th, 2016

Mario Draghi Presses For U.K. Not To Receive Any Benefits In Brexit Negotiations

On Monday, Mario Draghi outlined that the United Kingdom should not be given any special benefits for single-market access during negotiations of its departure from the EU. “Any outcome should ensure that all More...

German Business
By Claire Barratt On Monday, September 26th, 2016

German Business Morale Hits 28-Month Peak As Brexit Concerns Slide

Business morale in Germany saw an unexpected spike in September, reaching a two year high according to a survey on Monday. The survey signlaed that business leaders had shrugged off worries over Brexit which had More...