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Finance Banking Featured Global

Geopolitical tensions and international financial fragmentation: The 28th Geneva Report on the World Economy

Rising geopolitical tensions now threaten the rules-based world order that has governed the functioning of the international monetary system since WWII with risks of geoeconomic fragmentation. The latest Geneva Report on the World Economy examines how these risks, which include a reversal in decades of financial integration, reduced international allocative efficiency, and an erosion of […]

Economy Featured Finance News World

U.S. China trade tensions send Aussie sliding 1%, boost safe havens

Aussie slides as investors flock to safe-havens, yen strenghtens. The Australian dollar tumbled on Tuesday, while the safe-haven Swiss franc and Japanese yen strengthened as renewed signs of strains in U.S.-China trade relations dented risk sentiment and left investors ducking for cover. Trade and tariffs have been the main focus since dramatic market moves on […]

Economy Banking Featured Finance World

Dollar rallies as US shutdown drags on, weighing on confidence

The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.3% to as much as 98.91 The U.S. dollar rose to its strongest in more than two months in early Asian trading on Wednesday as risks around the U.S. government shutdown intensified, sparking fresh investor worries and boosting demand for […]