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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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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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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Capitalism seen doing 'more harm than good' in global survey
LONDON (Reuters) - A majority of people around the world believe capitalism in its current form is doing more harm than good, a survey found ahead of this week's Davos meeting of business and political leaders.
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Central banks can't save the world from climate change, BIS says
BASEL/LONDON (Reuters) - Central banks can't be expected to save the world from climate change, a new book by the Bank for International Settlement said on Monday, urging instead global co-ordination ranging from government policy to financial regulation.
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EU won't meet China halfway in investment talks: EU trade chief
BRUSSELS (Reuters) - The European Union wants to agree a deal with China this year to protect foreign investment and increase investment market access, but it will not meet Beijing halfway, EU trade chief Phil Hogan said on Monday.
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Most Australian executives say climate change will damage companies: survey
SYDNEY (Reuters) - More than 80% of Australian business executives believe climate change will damage their companies, a survey published on Tuesday showed.
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As Brexit nears, UK's Johnson pushes for deeper trade ties with Africa
LONDON (Reuters) - Prime Minister Boris Johnson called for deeper investment ties between Britain and Africa at a summit for leaders of 21 African countries on Monday that comes days before his country will leave the European Union.
