New Data Reveals the Public Does Not Trust Government

New Data Reveals the Public Does Not Trust Government






New Data Reveals the Public Does Not Trust Government Sunday, International Monetary Fund (IMF) Managing Director Christine Lagarde called for efforts to combat corruption in order to restore trust in institutions and push forward globalization. “Coming on the heels of the financial crisis, this backlash against globalization has evolved into a deeper problem, a growing […]






Business 20 Summit Promotes Green Finance

Business 20 Summit Promotes Green Finance






Business 20 Summit Promotes Green Finance The Business 20 (B20) Summit, which was attended by business leaders and officials including those from the Group of 20 (G20) economies, came to an end Sunday with many consensuses and results, especially a policy recommendation report. The 2-day event, which was scheduled Saturday and Sunday ahead of the […]






IMF has Positive Outlook for Chinese Economy

IMF has Positive Outlook for Chinese Economy






IMF has Positive Outlook for Chinese Economy For a massive economy like China’s, which is in the midst of transition, it is easy to dwell on fragmentary data while failing to see the “Forest for the Trees.” While the latest official indicators of traditional growth engines have underperformed, those measuring the new drivers of the […]






IMF Prepares for Inclusion of China’s RMB in its SDR Basket

IMF Prepares for Inclusion of China’s RMB in its SDR Basket






IMF Prepares for Inclusion of China’s RMB in its SDR Basket $CNY, $USD, $GBP, $EUR, $JPY The International Monetary Fund (IMF) Monday announced its board decision to amend the rounding methodology for determining currency accounts in the Special Drawing Right (SDR) basket, in order to make technical preparations for the inclusion of the Chinese currency, […]






The Rising Wave of Anti-Globalization Worries IMF

The Rising Wave of Anti-Globalization Worries IMF






The Rising Wave of Anti-Globalization Worries IMF Thursday. International Monetary Fund (IMF) chief Christine Lagarde called for global cooperation to improve living conditions in low-income countries, against the backdrop of rising anti-globalization sentiment. “The greatest challenge we face today is the risk of the world turning its back on global cooperation — the cooperation which […]






IMF Downgrades US Economic Forecast

IMF Downgrades US Economic Forecast






IMF Downgrades US Economic Forecast The International Monetary Fund  (IMF) downgraded its forecast for the US economy this year and said America should raise the minimum wage to help the poor, offer paid maternity leave to encourage more women to work and overhaul the corporate tax system to boost productivity. In its annual checkup of […]






Worst Behind Abu Dhabi as it Looks to Revive Guggenheim Plans

Worst Behind Abu Dhabi as it Looks to Revive Guggenheim Plans






Worst Behind Abu Dhabi as it Looks to Revive Guggenheim Plans The Chairman of the Emirate’s Department of Economic Development said he expected the plans to be revived amid positive economic growth predictions Abu Dhabi is expected to revive its plans for a Guggenheim Museum next year amid expectations of accelerated economic growth, according to […]






80% of Professionals Will Leave GCC if Income Tax Introduced

80% of Professionals Will Leave GCC if Income Tax Introduced






80% of Professionals Will Leave GCC if Income Tax Introduced VAT in the UAE will bring higher inflation, society of finance professionals says An overwhelming majority of finance professionals would leave the Gulf Cooperation Council (GCC) if income tax was implemented, research has revealed. In a study by CFA Society Emirates, 80% of the respondents said that […]






Dubai Headed to a Period of Accelerated Growth

Dubai Headed to a Period of Accelerated Growth






Dubai Headed to a Period of Accelerated Growth Dubai is weathering the Crude Oil-led economic slowdown afflicting its GCC neighbors and will enter a period of “rapid acceleration” in the buildup to the Expo 2020 trade fair, the International Monetary Fund says. Speaking to the media, the IMF’s mission chief for the UAE, Zeine Zeidane, […]






US RMB Yuan Trading, Clearing Advocates Rally the Need

US RMB Yuan Trading, Clearing Advocates Rally the Need






US RMB Yuan Trading, Clearing Advocates Rally the Need The US market’s USD-centric approach is changing with the RMB Yuan becoming more internationalized. The heads of a US working group formed to push use of the Chinese currency in the United States claim that expanding RMB trading and clearing there will help both the Chinese […]






Money Managers “Dumping” US Treasuries For Equities

Money Managers “Dumping” US Treasuries For Equities






Money Managers “Dumping” US Treasuries For Equities $DIA, $SPY, $QQQ, $VXX Money managers are dumping Treasury ETFs (exchange-traded funds) as a revival in equity and commodity prices curbs demand for the somewhat safer US debt. Treasury ETF net redemption’s have reached $2.9-B so far in April, on top of $4.8-B pulled out in March, according […]