World Trade Organisation sees ‘ugly’ trade plunge worse than in financial…
The World Trade Organisation (WTO) on Wednesday forecast that goods trade would fall more steeply this year than in…
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global financial crisis
IMF chief says coronavirus economic fallout is worse than 2008 global financial crisis
The coronavirus pandemic has sparked an economic fallout “like no other” — one that is “way worse” than the 2008…
British lenders expect biggest mortgage lending cutback since 2008: BoE
British lenders expect to scale back mortgage lending over the next three months by greatest extent since late…
Deutsche Bank needs more responsible people on board; says analyst
Shares in Deutsche Bank jumped on Friday on the news of a $7.2 billion settlement with the U.S. Department of…
Asia banks’ bad debt pile highest since global financial crisis
Bad debts at Asian banks have jumped to their highest since the global financial crisis and the trend will likely…
EFG-Hermes: AUM Hits $3 billion in Arab World
EFG-Hermes Holding S.A.E. (HRHO.CA) – the leading investment bank in the Arab world – is capturing total assets…
Naeem Plans Asset Management, Private Equity Volume Raise In 2016
Naeem Holding (NAHO.CA) said it targets raising the volume of two business lines; asset management and private…
IMF Economist Accuses Fund Of Suppressing Information
A veteran economist at the International Monetary Fund has accused the global lender of suppressing information on…
IMF To Assess Economic Spillovers In New Monitoring Rules
The International Monetary Fund approved changes to its annual economic surveillance rules on Wednesday that now…
FDI into South Africa soars
South Africa led the subregion as foreign direct investment (FDI) inflows into sub-Saharan Africa jumped by 25% in…
