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Lagos, South Africa and New York
Friday, June 5, 2020

A Global Picture of Public Wealth

By Jason Harris, Abdelhak Senhadji, and Alexander F. Tieman Our new data on government assets released today shows that when governments know what they own, they can make better use of the assets for the well-being of all their citizens. We make these data...

Lagarde Says U.S.-China Trade War Looms Large Over Global Growth

By Jess Shankleman The head of the International Monetary Fund reiterated her call for the U.S. and China to de-escalate their trade war, which she warned is the biggest risk to global economic growth. The global economy remains "precarious" despite projections for continued growth and early...

World Bank chief laments global trade slowdown

David Malpass, the new president of the World Bank who was tapped for the job by Donald Trump, has lamented a “deepening slowdown in global trade” but refrained from rebuking the White House with a more pointed call for de-escalation. Mr Malpass’s comments on...

Trade war could trigger a ‘global financial crisis,’ says ex-China central bank chief

“If the China-U.S. trade war continues to grow larger, it may cause the global economy to decline, and may cause a global financial crisis,” says Dai Xianglong, former governor of the People’s Bank of China. Dai...

US, China trade war supports naira stability, says Gwadabe

The trade war between the United States of America (US) and China have led to higher crude oil (Brent) prices, which is good for the naira and Nigerian economy, President, Association of Bureaux De Change Operators of Nigeria (ABCON) , Alhaji Aminu Gwadabe has...

Facing substantial investment needs, developing countries must sustainably manage debt

With just over ten years until 2030, developing countries face important and complex challenges around the Sustainable Development Goals (SDGs). Not least of which is how to finance the investments needed to achieve them. Estimates suggest that developing countries face a $2.5 trillion...

Xi Jinping says China is embarking on a ‘new Long March,’ signaling no end to trade war soon

Chinese President Xi Jinping ramped up his rhetoric by saying China is embarking on a “new Long March, and we must start all over again!” Although he didn’t mention the U.S. or the ongoing trade war, the...

US breaks record for dividends as investor payouts surge around the world

Global dividend payouts rose 7.8% to a first-quarter record of $263.3 billion. Janus Henderson expects $1.43 trillion in dividend payments this year. Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world...

Europe’s banks are set for a difficult earnings season: Here’s what you need to know

Several analysts have raised concerns over earnings this quarter due to external challenges such as low economic growth, uncertainty over U.S.-China trade deal, Brexit and a U-turn on major central bank policy towards more easing. European banks...

Major banks raise China growth forecasts after surprise GDP numbers — some are still cautious

Citi, Barclays and ING are raising their 2019 forecasts for China’s economic growth after it came in at a higher-than-expected 6.4 percent for the first quarter, but others remain cautious. China has been implementing stimulus measures into...