Business

IMF Raises Global Growth Forecasts

IMF Raises Global Growth Forecasts

At the release of the Update in Davos , IMF head Christine Lagarde said that for the world economy, "all signs point to a further strengthening both this year and next", but cautioned that "complacency would be a mistake". Canada's growth will be 0.2 percent higher this year and 0.3 percent higher next year. The World Economic Outlook also predicted 6.5 percent economic growth in Western Europe over 2018 and 2019; a continuance of five percent growth in developing Europe, with greater ...


WEF president to Trump: 'You exclusively succeed if others do too'

WEF president to Trump: 'You exclusively succeed if others do too'

Ramaphosa is leading a strong Team SA delegation to the World Economic Forum in Davos , Switzerland, for the forum's annual gathering next week. "Germany is, politically and economically, an important member of the European Union and very engaged in the political debate about Europe's future development", said German Government Spokesman Steffen Seibert.


Dixons Carphone CEO Sebastian James appointed senior VP and MD of Boots

Dixons Carphone CEO Sebastian James appointed senior VP and MD of Boots

Dixons narrowed its guidance for the year ending on April 29, saying it expects to deliver headline pretax profit in a range of GBP365.0 million to GBP385.0 million for the year ending in April. Nevertheless, Dixons warned that profits would be down sharply on a year ago, with consumers opting to keep their old handsets as opposed to upgrading to more expensive models.


United States oil output to overtake Saudi Arabia, Russia

United States oil output to overtake Saudi Arabia, Russia

Rival suppliers would be handed the entire 1.3 million barrel-a-day expansion in the global oil market this year, and US crude output could overtake that of Saudi Arabia and even get close to Russia, IEA data show. "There is a readiness to continue cooperation beyond 2018". In the United States, the working drilling platforms decreased by 5 in the week ending January 19, amounting to 747.


Decoding the crude price rally: Will the surge sustain?

Decoding the crude price rally: Will the surge sustain?

In November 2017, OPEC and non-OPEC member nations agreed to extend output cuts for the duration of 2018, keeping 1.8 million barrels per day of oil out of circulation. The author is commodities market specialist. At the current oil price level, the forward curve is well above marginal costs across regions which could lead to a gradual increase in producer hedging and drilling activity, Goldman said.


Three Bitcoin Operators Are Charged With Fraud

Three Bitcoin Operators Are Charged With Fraud

Defendants allegedly promised to convert this Bitcoin into fiat currency to invest on the customers' behalf in a pooled investment vehicle for trading commodity interests, including trading binary options on an online exchange designated as a contract market by the CFTC.