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News & Updates

February 26, 2016 Pound Gains From Lowest Since '09 as Traders Weigh `Brexit' Risk

Source: Bloomberg

Sterling has still tumbled 2.8 percent since last Friday, putting it on course for its worst week since May 2010, when an inconclusive general election led to the formation of the U.K.’s first post-war coalition government. The...

February 25, 2016 China stocks tumble more than 6 percent, post biggest 1-day loss in a month

Source: Reuters

China stocks tumbled more than 6 percent on Thursday, their biggest one-day loss in a month, as investors booked profits after the market's recent rebound and awaited policy cues from global leaders gathering in Shanghai for a...

February 25, 2016 With new law, U.S. takes on slavery by banning forced labor imports

Source: Reuters

President Barack Obama signed a bill on Wednesday barring the import of goods produced by forced labor from entering the United States, throwing the weight of the U.S. market into the fight against global slavery.

February 23, 2016 Foreign central banks dump cash at U.S. Federal Reserve

Source: Reuters

China, Japan and other overseas central banks are leaving more of their dollars with the U.S. Federal Reserve as they have liquidated their U.S. Treasuries holdings to raise cash in an effort to stabilize their currencies,...

February 19, 2016 China’s Stocks Complete Biggest Weekly Advance in Two Months

Source: Bloomberg

China’s stocks capped their steepest weekly gain in two months after the government signaled increased support for the economy through higher spending and new measures to boost bank lending.

February 17, 2016 Goldman Says Producers Freezing Oil Output Won't Help Prices - text/video

Source: Bloomberg Business

The first coordinated decision on oil output between OPEC and producers outside the group in fifteen years isn’t going to revive crude prices, according to Goldman Sachs Group Inc.

February 16, 2016 Robots will steal your job: How AI could increase unemployment and inequality

The Business Insider - At a conference on financial technology I attended last week pretty much every startup presenting included AI in some form or another and the World Economic Forum made "The Fourth Industrial Revolution" the...

February 16, 2016 British Government Bans Boycott of Companies Involved With Israel

The Spectrum - The new bill, already described as a "controversial crackdown", seeks to prevent any public body from imposing a boycott on a World Trade Organization member, which Israel has been since 1995. The spokesman added:...

February 12, 2016 Can China Cope With the Stampede From Its Currency'

News Week - This article first appeared on the Council on Foreign Relations site. Last summer, U.S. lawmakers were condemning China for pushing down its currency, arguing that it was still â??terribly undervalued.â??...

February 9, 2016 India to soon ratify WTO trade pact

Rediff India Abroad - India has completed most of the consultation process related with the World Trade Organization's trade facilitation agreement and the government is expected to ratify it at the earliest. Trade Facilitation...

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