News 

Colombians vote for new president with peace deal, economy at stake

“Petro, a combative populist who was once a member of the now defunct M19 rebel group, supports the peace deal” writes Midwest Communications Inc for 95kqds.com. Leading candidate, right-wing Ivan Duque, has pledged to alter the terms of the peace deal and to jail former rebels for war crimes.In the first election since the peace deal was signed in 2016 with the Revolutionary Armed Forces of Colombia (FARC), voters will decide on a replacement for President Juan Manuel Santos, who won the Nobel Peace Prize for ending the five-decade-old conflict.BOGOTA…

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Markets News 

Investors find little appetite for consumer staples

“Investors have been turning away from staples companies because they are grappling with changing consumer preferences, fierce competition and other obstacles to raising prices even as their costs swell” writes Midwest Communications Inc for 95kqds.com. But even if investors do look more kindly on the staples sector in economic downturn, the sector’s may be “less of a port in the storm” than in the past, said Wells Fargo’s Samana.”We would get interested if valuations lowered to levels that compensated investors to take on the risk of the sector,” said Samana.The…

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News 

The world’s working-age population is set for a slowdown — here’s what that could mean for the global economy

“Officials expect the overall population growth rate to average 0.8% by 2050, compared to between 1% and 2% in recent decades” writes Gina Heeb for businessinsider.com. That could translate almost directly to a slowdown in global economic growth, according to analysis by Capital Economics.Economists predict workforce growth around the world is set for a slowdown, and some worry about what that could mean for the global economy.Perhaps most troubling for economists, the working-age population could see an even sharper and faster slowdown, with the growth rate shedding about 0.4% before 2030.Overall world…

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News 

South Africa’s ailing state-owned firms set to invest billions in dramatic reform program

“They have informed us that over the next five years, they expect to invest a total of 420 billion (South African rand) into the South African economy,” he said Thursday in Cape Town” writes unknown author for cnbc.com. In a major speech this week, the country’s president claimed that they are expected to invest a total of 420 billion South African rand ($33.7 billion) over the next five years.South Africa’s President Cyril Ramaphosa has announced that some of the country’s largest public companies will return billions to the economy, potentially…

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GBP News 

Chaotic Brexit could force interest rate cut warns Bank of England governor

“A disorderly Brexit could force the Bank of England to cut interest rates again sharply, according to its governor Mark Carney” writes Ben Chu for independent.co.uk. We have the tools we need.” The Bank has drawn criticism from some City analysts and traders for giving confusing signals to markets about the likelihood of a May interest rate rise.He also warned the TSC that the UK economy urgently needs the single market and customs union transition agreed by Theresa May and the EU after March 2019. Source: independent.co.uk Share This:

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News 

Putin wants growth but we won’t sacrifice stability, Russia’s central bank governor says

“But she cautioned that higher growth rates should be pursued alongside structural reforms in Russia, and that growth in itself should not be pursued at the expense of stability” writes Holly Ellyatt for cnbc.com. The central bank governor — who said that for 2018, 2019 and 2020 thereafter growth is expected to be in the 1.5 – 2 percent range — believes that Russia’s economy has recovered.”Of course this requires a rise in the potential growth rates. “In other words, a rise in economic growth rates should not be to…

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News 

Singapore’s economy grew 4.4% in the first quarter of 2018, full-year GDP forecast now boosted to 2.5-3.5%

“The expected gross domestic product (GDP) growth for 2018 is now expected come in at 2.5 to 3.5 cent improving slightly on the earlier estimate of 1.5 to 3.5 cent” writes Ethan Rakin for businessinsider.sg. The Ministry of Trade and Industry (MTI) announced on Thursday (May 24) that Singapore’s economy in Q1 grew by 4.4 per cent – higher than the previous quarter’s 3.6 per cent.The finance & insurance sector accelerated to 9.1 per cent year-on-year, from 6.3 per cent in the previous quarter; while the business services sector grew by 2.8 per…

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News 

Germany’s economic growth slows in 1st quarter

“Indicating the slowdown in the growth rate, Germany’s exports fell by 1.0% on the quarter, while imports retreated 1.1% over the last quarter of 2017” writes Emese Bartha for marketwatch.com. Germany’s annualized growth rate slowed to 1.2% in the first quarter from 2.5% in the fourth quarter of last year, the Federal Statistical Office said, also confirming its first estimate.Germany’s economy grew at a slower pace in the first quarter of 2018 than in the last quarter of 2017, reducing the likelihood of another year of stellar growth rates. Plant…

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Crypto News 

Coinbase has a much bigger plan than just pocketing fees from bitcoin trading

“We are very focused on the establishment of the crypto economy” writes -adam White for cnbc.com. “We don’t see ourselves as a crypto exchange,” said Coinbase president and COO Asiff Hirji.With $150 billion in assets across more than 20 million customers, and 2017 revenue reported at $1 billion, it’s plowing money back into a master plan to stay ahead in a much larger cryptocurrency economy.As one of the biggest digital currency platforms, Coinbase was in the right place at the right time as the price of bitcoin skyrocketed in 2017,…

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