Economic News
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Global stocks stay near record highs; focus turns to central banks, earnings
LONDON (Reuters) - World stocks traded just below record highs on Monday, pausing ahead of this week's central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades began shutting down two Libyan oilfields.
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No turning point in sight as IMF predicts sluggish global growth
WASHINGTON/DAVOS (Reuters) - Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain, a top International Monetary Fund official said on Monday.
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Markets regulators struggling to keep up with technology: SEC's Jackson
RISHON LEZION, Israel (Reuters) - The rapid growth of digital assets and computer-driven investment advice has become a key challenge for regulators in trying to keep up with technological advances while seeking to protect investors, a U.S. markets regulator said on Monday.
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China well placed for growth in 2020, ex-PBOC deputy governor Min Zhu says
(Reuters) - China will broadly be able to maintain its current growth rate through 2020, Min Zhu, chairman of the National Institute of Financial Research at Tsinghua University, said on Monday.
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Global FDI dips, hit by Hong Kong divestment, Brexit: U.N.
GENEVA (Reuters) - Global direct foreign investment (FDI) dipped slightly around the world last year, hit by massive divestment in Hong Kong and a drop in flows into Britain due to Brexit uncertainty, the United Nations said on Monday.
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Wincrest, net short U.S. stocks, says lofty valuations dangerous
(Reuters) - Emerging markets are the "anti-bubble" to increasingly expensive U.S. stocks, Barbara Ann Bernard, founder and chief investment officer of asset manager Wincrest Capital, said on Monday.
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Explainer: Britain and EU ready to do battle again as trade talks near
BRUSSELS/LONDON (Reuters) - The battle lines between Britain and the European Union are taking shape on farming, fish, state aid, banking and a host of other issues ahead of the launch of negotiations for a free trade deal in March.
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Pension protesters try to spoil Macron's party in Versailles
VERSAILLES, France (Reuters) - Protesters seeking to scupper reform of France's pension system scuffled with police on Monday near the Palace of Versailles, outside Paris, where President Emmanuel Macron was due later to pitch France as an investment destination to global executives.
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EU to add vetting of climate results to fiscal monitoring
BRUSSELS (Reuters) - The European Commission will this year begin to assess the green transition of EU states as part of its monitoring of national budgets, a top official said, in a new sign of the bloc's commitment to meet ambitious climate goals.
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South African Airways says flights operating normally after bailout talks stall
JOHANNESBURG (Reuters) - South African Airways (SAA) said on Monday that its flights to all destinations were operating normally, after talks over the weekend on a bailout plan for the state carrier ended with no solution.
