||Last Updated: Oct 9, 2015 - 12:32 AM
Aug 20, 2015 - 9:21 AM
With the sky-high franc showing no signs of returning to earth, task forces at export-oriented Swiss companies are busily working out ways to tighten belts and stay competitive in the face of the currency crisis.
Aug 19, 2015 - 4:28 AM
Global investors have shifted their attention from Greece to China amid continued concern of a Chinese recession, according to the BofA Merrill Lynch Fund Manager Survey for August. Respondents are scaling back their expectations for economic growth. Meanwhile, the Financial Times reports that "a surge of capital gushing out of emerging markets (EM) has risen toward $1tn over the past 13 months, roughly double the amount that fled during the financial crisis amid slumping confidence in the world’s developing economies."
Aug 12, 2015 - 2:23 PM
The global oil glut will continue into 2016 according to the Paris-based International Energy Agency (IEA).
Aug 10, 2015 - 1:33 PM
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to stable growth momentum in the OECD area as a whole.
Aug 7, 2015 - 7:04 AM
Prices for major food commodities in July hit their lowest average monthly level since September 2009 as sharp drops in the prices of dairy products and vegetable oils more than offset some increases for those of sugar and cereals. Meat prices, meanwhile, remained stable.
Aug 4, 2015 - 7:49 AM
Growth in the global manufacturing sector remained lacklustre at the start of the third quarter. At 51.0 in July, unchanged from June, the JPMorgan Global Manufacturing PMI (purchasing managers' index) - a composite index1 produced by JPMorgan and Markit in association with ISM (US Institute for Supply Management) and IFPSM (International Federation of Purchasing and Supply Management) - registered its joint-weakest reading during the past two years.
Jul 23, 2015 - 7:10 AM
For the third year in a row, the US and China are ranked first and second as top target countries for foreign direct investment (FDI), while the UK continues its three-year rise to claim third position. Canada has a fourth rank and is followed by Germany.
Jul 20, 2015 - 4:06 PM
John Maynard Keynes, the Depression-era British economist, advocated public deficits during economic downturns to stimulate demand and employment, while he believed that in times of relative prosperity that countries should aim to have budget surpluses. In the period since the end of the Second World War in 1945, Italy has had 60 years of continuous deficits; France and Greece have had 40-year trends while in other developed countries an annual surplus has become rare since the 1980s.
Jun 17, 2015 - 5:21 AM
Singapore, London and Shanghai were the top cities for new FDI (foreign direct investment) projects in 2014 while Dublin had an 11th place in a ranking of 20 cities.
Jun 17, 2015 - 4:12 AM
Tokyo for long ranked as the most expensive city in the world for expatriates, is no longer in US dollar terms and in Europe, the fall in the euro versus the dollar has kept cities such as Dublin and Paris looking cheap.
Jun 14, 2015 - 2:43 PM
Last week Nestlé SA of Switzerland took Indian food regulators to court to challenge a ban on the company’s instant noodles, which authorities claim contain hazardous levels of lead. Meanwhile in China, Western consumer product groups such as Unilever are feeling the heat as large numbers of Chinese are turning from shopping malls to e-commerce retailing.
Jun 11, 2015 - 1:09 AM
A structural growth slowdown has been underway in many developing countries as the growth in working age populations, productivity, and investment has eased, according to the World Bank.
Jun 10, 2015 - 6:00 AM
OECD BEPS Tax Project: In a significant signal of the potential impact of the emerging changes in the international corporate tax regime, Amazon.com, the US e-commerce giant, has reverted to booking UK sales in the UK rather than in lower-tax Luxembourg, which it has been doing in recent years to avoid tax. Meanwhile, Australia has proposed up to 100% in penalties to curb tax avoidance by multinationals.
Jun 8, 2015 - 1:43 AM
The rate of output growth in emerging markets slowed for the third month running in May, according to the latest survey data from HSBC and Markit. Manufacturing contracted.
Jun 4, 2015 - 3:29 AM
The Organisation for Economic Co-operation and Development on Wednesday slashed its forecasts for global growth, as it warned that weak investment and disappointing productivity risk is keeping the world economy stuck in a “low-level” equilibrium.
Jun 1, 2015 - 10:46 PM
The rate of expansion in global manufacturing production accelerated slightly during May, as companies responded to a modest improvement in inflows of new orders. However, the trend in international trade flows remained weak, as levels of new export business decreased for the first time in almost two years.
May 26, 2015 - 4:16 PM
Growth of real gross domestic product (GDP) in the OECD area slowed to 0.3% in the first quarter of 2015, down from 0.5% in the fourth quarter of 2014, according to provisional estimates. The OECD area comprises all the developed economies.
May 20, 2015 - 9:13 AM
Only one quarter of workers worldwide is estimated to have stable employment contracts, according to a new report by the International Labour Organization (ILO).
May 18, 2015 - 8:04 AM
Short cuts, loopholes and other forms of skulduggery will not be tolerated when the automatic exchange of tax information comes into force, a top official from the Organisation for Economic Co-operation and Development (OECD) has promised Swiss bankers.
May 12, 2015 - 7:28 AM
This month Switzerland's financial regulator, Financial Market Supervisory Authority (FINMA), rejected the Bill & Melinda Gates Foundation's appeal against the Burkard family's right to invoke a controversial opt-out clause over the sale of shares in Sika, a Swiss construction industry firm, to Saint-Gobain, a French conglomerate. The family, descendants of Sika's founder, owning just a 16.1% stake but with control of 52.4% of all votes, in 2014 secretly sold their stake at an 80% premium price of CHF2.75bn ($2.85bn) over the market price but Saint-Gobain refused to pay a premium to the rest of the shareholders.
May 7, 2015 - 8:40 AM
The Organisation for Economic Cooperation and Development (OECD) has published a new briefing on minimum wages (MW) in the 34-member country OECD area and it contains comparisons for minimum wage levels between countries, as well as the differing tax and contributions paid by employers and workers. It also highlights the need for governments to co-ordinate minimum wages with other policies, especially taxes and benefits, and regularly adjust them in light of economic and job market developments.
May 6, 2015 - 8:12 AM
The North Sea Brent oil price benchmark that is responsible for about two-thirds of international oil futures trading has risen over $68 per barrel on Wednesday - a rise of almost 50% in 2015.
May 5, 2015 - 8:06 AM
The global economy has continued to slow down in April more than consensus forecasts projected according to “nowcasts”, while forecasters continue to believe that this slowdown will prove temporary. Meanwhile PMI data show that rates of expansion in both production and new orders eased in April to the weakest since mid-2013.
Apr 30, 2015 - 7:44 AM
A new study takes aim at the stereotype of the faceless, corporate machine, showing that family-controlled enterprises such as Wal-Mart or Switzerland’s Roche make up 80-90% of all companies across the globe. Europe has a big presence among the world's top 500 family-controlled firms.
Apr 22, 2015 - 7:28 AM
The world’s 250 largest consumer products companies generated sales of nearly $3.1tn in fiscal year 2013 (which encompasses fiscal years ended through June 2014), despite economic uncertainty. The top 10 firms accounted for almost 30% of revenues.
Apr 16, 2015 - 5:36 AM
The Economist Corporate Network (ECN) says that for the past twenty years, the centre of the global economy has been shifting from the developed to the developing world. Today, growth rates in developing economies are many times higher than in developed economies. Africa, in general, and Sub-Saharan Africa, in particular, are two notable cases in point. In 2015 Sub-Saharan Africa’s GDP is expected to grow at 4.5%, making it the fastest-growing economic zone in the world, outpacing Asia’s regional average of 4.3% annual growth.
Apr 15, 2015 - 5:48 AM
Growth in the volume of world merchandise trade will pick up only slightly over the next two years, rising from 2.8% in 2014 to 3.3% in 2015 and eventually to 4.0% in 2016, WTO economists announced Tuesday. Trade expansion will therefore remain well below the annual average of 5.1% posted since 1990 giving rise to fears that globalisation maybe stalling.
Apr 14, 2015 - 3:16 PM
Global growth prospects are uneven across major economies, says the IMF's latest World Economic Outlook (WEO). In advanced economies, growth is projected to strengthen in 2015 relative to 2014, but in emerging market and developing economies it is expected to be weaker.
Apr 10, 2015 - 5:08 AM
Emerging markets (EM) growth is at the lowest since the 2009 global slump as economies struggle with weak commodity prices and a strong dollar. Meanwhile, global growth is at an average of the last 30 years.
Mar 30, 2015 - 2:25 PM
China's surging economic growth in recent decades has been a growth engine for other developing economies in Asia, Latin America and Africa but economic rebalancing is now creating challenges for several countries.
Mar 23, 2015 - 8:53 AM
New York, London, Hong Kong, and Singapore remain the four leading global financial centres. All four centres gained points and retain their relative ranks in a biannual global financial centres index. New York remains the top centre, though by only one point on the 1,000 point scale. Tokyo, in fifth place, is 32 points behind the leaders.
Mar 18, 2015 - 1:18 PM
Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, with abnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.
Mar 9, 2015 - 12:57 PM
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to positive change in growth momentum in the Eurozone, and stable growth momentum in most other major economies and the OECD area as a whole.
Mar 5, 2015 - 1:55 AM
Today’s global labour market demands more specialized skills, but migration and technology are helping—not hurting—chances of high-quality employment, according to the March 2015 issue of Finance & Development (F&D) magazine.
Mar 4, 2015 - 1:57 AM
Vienna remained at the top of our Quality of Living Rankings in 2015, boasting the best quality of living for expatriates. Mercer’s Quality of Living Rankings cover 230 prevalent destinations for globally mobile talent and are based on our Quality of Living Survey. Dublin is at 34.
Mar 3, 2015 - 3:54 PM
The Swiss National Bank’s decision last January to scrap a Swiss franc exchange rate ceiling with the euro means Zurich and Geneva have leapfrogged Singapore to become the most expensive cities in the world.
Feb 10, 2015 - 7:22 AM
HSBC’s Swiss-based private banking unit is facing a welter of allegations that it helped tax cheats, blood diamond dealers and terrorist organisations hide their money from the authorities. swissinfo.ch charts the road to these reputation-busting revelations.
Feb 10, 2015 - 2:04 AM
The UK is predicted to drop to 11th place in the rankings of the world’s largest economies by 2050, as the global economic power shift away from the established advanced economies in North America, Western Europe and Japan continues over the next 35 years. This will happen despite a projected marked slowdown in Chinese growth after 2020, according to the latest in PwC’s series of reports on ‘The World in 2050.’
Feb 6, 2015 - 2:04 AM
The United Nations Food and Agriculture's (FAO) Food Price Index continued to decline in January and the agency said that lower prices reflect strong production expectations as it raised its 2014 forecast for world cereal production to a record high and noted that early indications for crops in 2015 are favourable.
Feb 5, 2015 - 8:35 AM
Global debt has risen $57tn or 17% of world GDP since 2007 and rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to economic output than they did in the year of the outbreak of the subprime mortgage crisis and the global credit crunch.