On January 8, 2014 UN Secretary-General Ban Ki-moon and General Assembly President John Ashe addressed representatives of the Group of 77 and China. The chairmanship was handed over from His Excellency, Foreign Minister, Ratu Inoke Kubuabola to Bolivian President Evo Morales. At the meeting Secretary-General Ban Ki-Moon reiterated his wishes for the group to focus on […]
G20 News commends the current Secretary-General of the UNCTAD, Mukhisa Kituyi for this excellent report. On January 28, 2014, the Global Investment Trend Monitor was released showing Foreign Direct Investment flows across different regions of the world. The report makes the discovery that FDI has, in some cases, returned to 2005-2007 pre crisis average levels. The […]
The Federal Reserve of the United States announced it would taper $10 Billion from its monthly purchases. This indicates that quantitative easing is now being rolled back at a fast pace. Current Fed purchasing will be $65 Billion.
The Argentine Peso in Tuesday’s trading was at 8 pesos to the dollar, as a result of the devaluation of the country’s currency. Argentina is desperately attempting to attract buyers of its debt, thereby raising rates and unfortunately, buyers are not taking up its bonds. President Cristina Fernandez de Kirchner is working hard to put a […]
The Turkish governor of the TCMB, Erdem Basci, raised rates on overnight lending and borrowing to stop the slide in the Turkish Lira. Lending rates now stand at 12%, while borrowing rates were raised to 8%. During a single trading day last week, the Turkish Lira slid 15%. There was a moderate rebound in the Lira […]
Frances rate of unemployment now stands at 11.1%. More than 3 million are either looking for or are out of work. This represents an increase of 5.7% for the year 2013. French President Hollande is in Turkey today.
The Japanese government has released data showing the largest ever trade deficit in the nations history, primarily caused by the currency depreciation of the Yen. Devaluing the Yen is intended to help balance trade by boosting exports and increasing margins on those goods sold overseas as international currencies settle back into Yen. The taking off-line […]
The UK showed December retail sales were up year-over-year. This represents the fourth week in five that the pound has increased versus the Euro.
Moody’s rating agency upgraded Ireland to investment grade. With a positive outlook.
With iron-ore prices increasing, Kumba Iron Ore Limited closed up 30% for the trading day.