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IMF warns central banks could lose deflation fight

The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed.

WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call By Tom Miles WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call By Tom Miles

The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States.

WTO lowers global trade growth to 1.7% this year WTO lowers global trade growth to 1.7% this year

The World Trade Organization has for the third time lowered its global trade growth forecast for this year to 1.7 percent, stating that this slowdown is "serious" and should serve as a "wake-up call" for nations.

EU launches debit cards for refugees in Turkey EU launches debit cards for refugees in Turkey

The European Union on Monday launched a scheme worth almost 350 million euros providing mainly Syrian refugees in Turkey with pre-paid debit cards, the biggest project yet under a landmark deal between the bloc and Ankara.

China slowdown biggest threat to global economy: IMF chief economist China slowdown biggest threat to global economy: IMF chief economist

China's economy is slowing down much more than the official figures show and a calamitous "hard landing" of the world's second largest economy is the greatest threat to global economy, former IMF chief economist Ken Rogoff has said.

As firms move production to India, China warns about job losses As firms move production to India, China warns about job losses

As China's telecom firm Huawei starts manufacturing in India, official media here has raised the red flag, warning that Beijing needs to worry about job cuts due to shifting of production bases as economic rivalry increases between India and the world's second largest economy.

BOJ's Kuroda sees no big rise or fall in bond buying for now BOJ's Kuroda sees no big rise or fall in bond buying for now

 The pace at which the Bank of Japan buys bonds will depend on what is needed to achieve its yield curve target but no big increases or decreases were expected for now, Governor Haruhiko Kuroda said on Monday, dampening speculation that the BOJ was considering tapering asset purchases.

Hyundai car workers start first full strike in 12 years Hyundai car workers start first full strike in 12 years

 Tens of thousands of unionised workers at South Korea`s Hyundai Motor staged their first full strike on Monday for more than a decade after negotiations over a wage increase stalled. 

German business confidence soars in September: Ifo

German business confidence improved significantly in September, the Ifo economic institute said Monday, recovering from a post-Brexit slump a month earlier and suggesting a more positive outlook for Europe`s largest economy.

Oil edges higher ahead of OPEC meeting Oil edges higher ahead of OPEC meeting

Oil prices rose modestly in Asia on Monday ahead of a producers` meeting this week that might agree to cap supplies.

Germany's Lanxess to buy Chemtura for about $2.12 billion in cash

 Lanxess AG said on Sunday it would buy specialty chemical company Chemtura Corp for about $2.12 billion in cash to improve the German company`s additives business.

Asian shares fall, brace for bruising U.S. presidential debate Asian shares fall, brace for bruising U.S. presidential debate

Asian shares began the week under a cloud on Monday after losses on Wall Street, and as investors` attention turned from central banks to American politics ahead of the first U.S. presidential debate. 

Majority of UK CEOs considering moving operations abroad post- Brexit: Survey Majority of UK CEOs considering moving operations abroad post- Brexit: Survey

Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday.

US-EU economic relations in for stormy weather US-EU economic relations in for stormy weather

With spats over Apple and Deutsche Bank and squabbles about Airbus and Boeing, approaching elections on both sides of the Atlantic are exacerbating strains in US-European economic relations.

China to allow credit default swaps China to allow credit default swaps

China has given the green light to controversial credit default swap trading for the first time, signalling that Beijing is willing to let indebted companies fail to stop economic slowdown.

Volkswagen emissions inquiry has found no evidence against Audi CEO: Sources

An investigation commissioned by Volkswagen into its emissions test cheating scandal has found no evidence against the head of its Audi luxury car division, three people familiar with the matter said.

Yahoo pressed to explain huge 'state-sponsored' hack Yahoo pressed to explain huge 'state-sponsored' hack

Yahoo faced pressure Friday to explain how it sustained a massive cyber-attack -- one of the biggest ever, and allegedly state-sponsored -- allowing hackers to steal data from half a billion users two years ago.

Eurozone growth slows to 20-month low: survey Eurozone growth slows to 20-month low: survey

Eurozone economic growth has slowed to its weakest pace since January 2015, a closely watched survey showed Friday.

French growth goes negative in second quarter

French growth suffered a downward revision on Friday, just days before the government puts together its final budget ahead of presidential elections next year.

Uber rival Grab partners with driverless car firm in Singapore Uber rival Grab partners with driverless car firm in Singapore

Users of ride-hailing firm Grab will be able to book driverless cars from Friday as it partners with a start-up testing the technology in Singapore, just days after rival Uber debuted its self-driving vehicles in the United States.