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International Trade Estimates Plunge Alongside Other Economic Forecasts
Thursday, June 11, 2020 - 12:22pm | 953Read More...International trade could contract 27% in the second quarter as the pandemic ravages global industries, according to the United Nations Conference on Trade and Development. “Assuming persisting uncertainty, UNCTAD forecast indicates a decline of around 20% for the year 2020,”...
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OECD: Global Growth Slowing Further, Hampered by Trade Disagreements
Thursday, September 19, 2019 - 10:51am | 551Read More...Uncertainty from the U.S.-China trade war and other international spats has squeezed global economic growth to its slowest level of growth since the recession of the late 2000s, the Organization for Economic Cooperation and Development said Thursday. The OECD reduced projections from its last...
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OECD Slashes Global Growth Forecast
Thursday, March 31, 2016 - 2:02pm | 198Read More...According to a report by The New York Times, the Organization for Economic Cooperation and Development (OECD) said on Wednesday a "sluggish" global growth could present challenges for governments to pay pensions and bondholders. The OECD is now lowering its worldwide growth forecast...
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OECD Economist: We're In 'Epic' Situation Worse Than 2007
Wednesday, January 20, 2016 - 10:39am | 306Read More...William White, the chairman of the Organization for Economic Cooperation and Development (OECD) and former chief economist of the Bank for International Settlements, believes that global financial markets are now much worse off than they were prior to the Financial Crisis. According to White,...
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OECD Slashes Its Growth Outlook, Again
Monday, November 9, 2015 - 12:33pm | 402Read More...The Organisation for Economic Co-operation and Development slashed its 2015 global growth forecast to 2.9 percent from a prior 3.0 percent forecast. The organization initially projected a 2015 global growth forecast of 3.7 percent last November. The quarterly report noted that the outlook...
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Carlos Slim Says People Should Work 3 Days A Week - Here's How
Wednesday, August 20, 2014 - 10:00am | 675Read More...Mexican billionaire Carlos Slim made news last month when he suggested implementation of a three-day workweek. Slim reiterated his three-day workweek proposal in Houston Monday saying the downside -– longer work hours and delaying retirement until the age of 70 to 75 -- would be more than...
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Craig Barrett Wants Stricter U.S. K-12 Education Standards
Wednesday, February 26, 2014 - 10:12am | 687Read More...Craig Barrett, former Intel (NASDAQ: INTC) chairman and CEO, went over education reform on CNBC's Squawk Box Tuesday morning with a specific emphasis on raising the current standards in order for the United States to remain internationally competitive. He also discussed Facebook's (NASDAQ: FB)...
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Market Wrap For November 19: Home Depot's Strong Earnings Unable To Keep Dow In Positive Territory
Tuesday, November 19, 2013 - 5:34pm | 1457Read More...Tuesday, Chicago Fed boss Charles Evans said that 2013 growth will likely fall short of expectations. In what is clearly a growing sign of Twitter's (NYSE: TWTR) ability to deliver news, the Chicago Fed live-tweeted Evan's speech which was given to Illinois bankers. Most notable was: @...
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Benzinga Market Primer: Tuesday, April 9
Tuesday, April 9, 2013 - 6:43am | 1047Read More...Futures Rise On Alcoa Beat U.S. equity futures rose slightly in pre-market trade following a positive report from economic bellwether Alcoa (NYSE: AA). Alcoa reported first quarter EPS ex-items of $0.11 which beat estimates of $0.08 but sales fell slightly short of the forecast. Alcoa also...
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Benzinga Market Primer: Friday, March 22
Friday, March 22, 2013 - 6:26am | 767Read More...Futures Flat As Cyprus Debates Bailout, ECB Deadline Looms U.S. equity futures were flat in early pre-market trade as Cypriot lawmakers continued to debate the revised bailout procedure. After rejecting the initial bailout proposal and failing to secure a bridge loan from Russia, Cyprus now must...
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Benzinga Market Primer: Tuesday, February 5
Tuesday, February 5, 2013 - 7:37am | 931Read More...Futures Rise After Monday Losses U.S. equity futures rose in pre-market trading after U.S. and global markets suffered losses Monday on the back of renewed sovereign stresses in the eurozone. However, the repricing of the sovereign and geopolitical risk halted Tuesday and shares rose. Top News In...
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Benzinga Market Primer, Tuesday November 27
Tuesday, November 27, 2012 - 7:23am | 911Read More...Futures Flat on Greek Deal U.S. equity futures were flat in early Tuesday trade as the Troika of lenders reached an agreement to disburse Greece's latest bailout tranches and give the nation more time to repay its bailout loans. Ministers agreed to cut the interest rate Greece has to pay on its...
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OECD Says Russia Must Reform Itself
Monday, December 12, 2011 - 9:51am | 662Read More...Russia must undertake widespread reforms in order to meet its long-term development goals, according to two reports released by the Organisation for Economic Co-operation and Development (OECD) on Monday. One of the OECD reports criticized Russia for not reaching the full economic potential of a...
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OECD Says Major Economies Losing Growth Momentum
Tuesday, June 14, 2011 - 9:56am | 100Read More...Major economies, with the exception of the United States, are losing momentum as the outlook for growth worsens in European and developing countries, the OECD's leading indicator for April showed on Tuesday. The Paris-based Organization for Economic Cooperation and Development said its composite...
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OECD Economies: GDP Status Check
Saturday, April 24, 2010 - 5:00am | 563Read More...Where are the OECD economies at in the recovery? In this article we take a unique approach to analyzing the patterns of GDP growth across the OECD economies over the past 12 years. Why? Well for starters it's nearing GDP season (Q1 results will be out soon for a few countries; the UK has already...
