Category: World
‘s Lagarde
New Delhi, Mar 12, 2016 (LBO) – Even-greater trade integration can support more sustained growth, especially for countries in South Asia, observed Christine Lagarde, Managing Director, International Monetary Fund. Lagarde made these remarks at the opening session of a three-day high-level conference in New Delhi themed “Advancing Asia: Investing for the Future”. The conference is […]
Sri Lanka investigating money allegedly laundered from NY Fed
Mar 10, 2016 (LBO) – Sri Lanka is investigating Bangladesh government’s claims that hackers stole nearly 100 million dollars from an account with the Federal Reserve Bank of New York and laundered money in Philippines and Sri Lanka. Bangladeshi officials said they had recovered part of the money from Sri Lanka and was in contact […]
‘s changes outlook on China credit rating to negative
Mar 02, 2016 (LBO) – Moody’s Investors Service has today changed the outlook to negative from stable on China’s government credit ratings, while affirming the Aa3 long-term senior unsecured debt, issuer ratings, and (P)Aa3 senior unsecured shelf rating. The key drivers of the outlook revision are: 1. The ongoing and prospective weakening of fiscal metrics, […]
Early wins for Clinton, Trump in nomination race
Mar 02, 2016 (LBO) – Hillary Clinton and Donald Trump both won several states in the race for US presidential nomination in results released so far. Trump clinched seven states Alabama, Georgia, Massachusetts, Tennessee, Virginia, Arkansas and Vermont, Ted Cruz won Texas and Oklahoma and Marco Rubio won Minnesota. On the side of Democrats, Hillary […]
South Korea won at six-year low, possible swap deal with US, China
Feb 29, 2016 (LBO) – South Korea’s Finance Ministry is to resume a possible currency swap deal with the United States and China following the won’s recent fall. The won closed at a fresh six-year low of 1,238.8 won against the US dollar last week after its record-breaking decline since the first two months of […]
‘s
Feb 18, 2016 (LBO) – Global growth will fail to pick up steam over the next two years as the slowdown in China, lower commodity prices and tighter financing conditions in some countries weigh on the economy, Moody’s Investors Service said in a quarterly report today. The downside risks to Moody’s forecasts for G20 GDP growth of […]
Michael Bloomberg mulls US Presidency
Feb 09, 2016 (LBO) – Michael Bloomberg, founder owner of Bloomberg, yesterday said that he is looking at options to compete upcoming US Presidential elections. He termed the current election campaign to be “an insult to the voters,” media reported. According to reports he has been distressed by the rise of Donald Trump and Texas […]
UN calls on UK, Sweden to end Assange’s deprivation of liberty
Feb 05, 2016 (LBO) – The United Nations Working Group on Arbitrary Detention said today that WikiLeaks founder Julian Assange has been arbitrarily detained by Sweden and the United Kingdom since his arrest in London on 7 December 2010, as a result of the legal action against him by both Governments. In a public statement, […]
UK to grow 2.2-pct this year; BoE cuts growth, holds rates
Feb 05, 2016 (LBO) – The Bank of England has forecast country’s economy would grow 2.2 percent this year and 2.3 percent in 2017, cutting its November forecast of 2.6 percent for this year. “Although activity growth in the United Kingdom has slowed to slightly below average rates, the domestic private sector remains resilient,” the […]
US presidential race kicks off, Ted Cruz wins Iowa Republican caucuses
Feb 02, 2016 (LBO) – Texas Senator Ted Cruz has won the Iowa Republican caucuses defeating controversial figure Donald Trump in the United State’s first presidential contest. Cruz has bagged 28 percent of the Republican vote beating Donald Trump and Marco Rubio. Votes in the Democratic race are still being counted showing a fierce battle […]
Bank of Japan introduces negative interest rate policy
Jan 29, 2016 (LBO) – The Bank of Japan has introduced a negative interest rate policy to achieve a price stability target of 2 percent at the earliest possible time. At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan has decided to introduce Quantitative and Qualitative Monetary Easing with […]
US, EU lift certain sanctions on Iran after IAEA report
Jan 17, 2016 (LBO) – The United States and European Union have officially lifted certain sanctions against Iran after the UN nuclear watchdog released a statement saying Iran has fulfilled necessary steps to start the implementation of the Joint Comprehensive Plan of Action (JCPOA) on Iran’s nuclear program. The report has been submitted to the International Atomic Energy Agency […]