Category Archives: Global News

Indian Prime Minister Modi Defends Demonetization

Indian Prime Minister Narendra Modi surprised his country with his draconian ban on high-denominated rupees. He lashed back at critics of the ban who say the government was under prepared for the move. Modi sites that the problem most have … Continue reading

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Iran to Deal with France’s Total as International Sanctions are Lifted

One of the largest oil companies in France has agreed to purchase hundreds of thousands of barrels of Iranian Crude a day. Oil Minister, Bijan Zanganeh, has decided to allow France’s Total SA to spur the oil industry through its … Continue reading

Posted in dollar, Economy, Euro, Forecasts, France, Global News, Global Trade, Iran, macro-economic, Macro/Sector News, Oil, OPEC, Pound, Uncategorized | Leave a comment

Keeping an Eye on Ireland

As a result of the Brexit vote earlier this year, Ireland intends on cutting down its debt to keep the economy afloat despite the damage to their exporting industry due to the British pound’s sharp decline. Minister of Finance Michael … Continue reading

Posted in Economy, Global News, Macro/Sector News, Pound | Leave a comment

Backlash to World Economic Order Clouds Outlook at IMF Talks

Fed by stagnant wages and diminishing job security, the populist uprising threatens to depress a world economy that is already weak and fragile.  The sentiment toward less integration and more trade barriers also pose risks for elevated financial markets that … Continue reading

Posted in Economy, Euro, European Central Bank, Fed, Federal Reserve Bank, Global News, IMF, Uncategorized | Leave a comment

Yuan/Renminbi Enters Elite Group of Currencies in the IMF

Yuan now becomes a global player in trade and finance with the inclusion of their currency in the International Monetary Fund. The IMF will now use the Yuan along with the Dollar, the Yen, and the Pound to officially lend … Continue reading

Posted in China, Christine Lagarde, Currencies, dollar, Economy, Euro, Forex, Global News, IMF, Inflation, Interest Rates, International Reserves, macro-economic, Pound, Renminbi, Uncategorized, Yen, Yuan | Leave a comment