Global Economy

China cracking down on western companies

China is cracking down on a number of western companies for what it calls “monopolistic behavior.” But is Beijing just pressuring foreign manufacturers that have become too attractive to Chinese consumers, at the expense of Chinese firms?

Maxim Zmeyev | Reuters
Armed pro-Russian separatists stand guard near the village of Hrabove, Donetsk region, Ukraine.

As pro-Russian militants intensify fighting in eastern Ukraine, the U.S. and European Union have stepped up an ongoing economic and trade war to pressure Moscow to back down. Now what remains to be seen is whether the moves provoke President Vladimir Putin to unleash a wider retaliation—including an energy embargo on European countries heavily reliant on Russian …

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There are several ways to track the ups and downs of the value of the U.S. dollar in relation to other currencies around the world. At The Economist magazine, they head down to the nearest McDonald’s and order a Big Mac. And according to the latest reading of the Big Mac Index, the value of the dollar is …

xPACIFICA | Stone | Getty Images

The International Monetary Fund (IMF) has downgraded its global growth forecast for 2014, citing a weaker-than-expected first quarter, particularly in the U.S., and a “less optimistic” outlook for several emerging markets. The global economy will likely expand 3.4 percent this year, a cut of 0.3 percentage points from April’s estimate, but still an improvement from …

The impact of geopolitical events on the insurance industry

How will escalating violence in places like Tel Aviv and Ukraine impact the aviation insurance industry?

Simon Dawson | Bloomberg via Getty Images

The U.K. is set to be the fastest growing economy among the world’s seven leading industrialized nations this year, according to a leading economic think tank, who predicts the country would move from recovery into expansion in 2014. The U.K.-based EY ITEM Club, a forecasting group of non-government economists, predicts the country’s economy could expand by 3.1 …

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U.S. stock-index futures pointed to a higher Wall Street open on Friday, rebounding some from a downturn in global stocks and other risky assets after a passenger plane was shot down over Ukraine. The crash of the Malaysia Airlines Boeing 777, with 298 people aboard, followed new U.S. and European Union sanctions on Russia. U.S. officials …

Ken Gerhardt | Gallo Images | Getty Images
Slums on the outskirts of Luanda, Angola

Poverty-stricken, traffic-clogged and crime-ridden aren’t characteristics you would typically associate with costly cities. However, these are frequent words used to describe Luanda, which has been named the world’s most expensive city for expatriates for a second year in a row, according to Mercer’s 2014 Cost of Living Survey released on Thursday. The high cost of …

Raveendran | AFP | Getty Images
Indian Prime Minister Narendra Modi.

Indian stocks have been on a “Modi high.” But experts told CNBC that it’s new Prime Minister Narendra Modi’s first budget, due to be released Thursday, that will tell investors whether the market has more room to run. So far in 2014, Indian stocks have been on fire as investors bet on newly elected Modi’s ability to deliver …

Global hot spots

How will political and security risks impact your investments in the second half of the year?

Second half outlook: going global

Michelle Caruso Cabrera spans the globe for hot spots that could have an impact in the second half of the year.

Risky Business: How climate change affects business

Are U.S. businesses in the dark about the dangers of climate change? NBR’s Susie Gharib sits down with former Treasury Secretary Hank Paulson about “Risky Business”, the new climate change report that he’s backing.

Global hotspots

While turmoil in Iraq has boosted global oil prices over the past week on worries about supply disruptions, the Middle East isn’t the only global hotspot energy experts are keeping a close watch over.

Brent Lewin | Bloomberg | Getty Images
Women browse clothing at the International Finance Centre (IFC) mall in Hong Kong, China.

A slew of data from China on Friday provided fresh signs that the economy is stabilizing, aided by targeted stimulus measures from Beijing. May retail sales rose 12.5 percent on year, above analyst expectations for a 12.1 percent increase in a Reuters poll and their best performance since December. Read More Are China’s property vacancies a …

Reuters
DATE IMPORTED:June 10, 2014Civilian children stand next to a burnt vehicle during clashes between Iraqi security forces and al Qaeda-linked Islamic State in Iraq and the Levant (ISIL) in the northern Iraq city of Mosul, June 10, 2014.

Iraq has been absent from the global agenda for years – but now the very existence of the state is being called into question. A shadowy group known as the Islamic State in Iraq and Sham (ISIS) has managed to seize control of key cities including Mosul, the country’s second-largest, Ramadi, Falluja and Tikrit. Possibly …