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The United States has made a mistake in resisting joining the China-proposed Asian Infrastructure Investment Bank (AIIB), said a leading U.S. expert.
The euro zone's biggest economies -- Italy, France and Germany -- have Britain in dismissing U.S. concerns and will become founding members of the Asian Infrastructure Investment Bank (AIIB).
Economists have downgraded their forecasts for Singapore's economic growth to 2.8 percent this year, from an earlier forecast of 3.1 percent, according to the quarterly survey by the Monetary Authority of Singapore (MAS) released on Wednesday.
Interview: Egypt stock exchange in lead since 2014: EGX chief By Mahmoud Fouly
China may face more challenges from changes in monetary policy at the U.S. Federal Reserve (Fed) than the European Central Bank's (ECB) quantitative easing (QE) program that began on Monday, an European expert has said.
The government work report delivered by Chinese Premier Li Keqiang at an annual national legislative session suggests that China is resolutely determined to pursue economic transition and make further progress on its reform agenda, U.S. experts said.
The People's Bank of China (PBoC) last Saturday announced to lower benchmark interest rate for the second time, as well as to raise the ceiling that determines the maximum rate that bank can offer to 1.3 times the benchmark.
Improving performances in both traditional made-in-Italy industries and niche sectors are expected to continue in 2015, local experts said, adding they would create more space for potential foreign investments.
The Federation of Austrian Industries (IV) expects further job cuts in industry leading into summer, IV head economist Christian Helmstein told journalists here on Tuesday.
Countries should take advantage of the cheap oil prices to put their fiscal house in order to tackle the slowing world economy, the World Bank Chief Economist Kaushik Basu said Wednesday, cautioning that many countries would fall short of fiscal ammunition if hit by a deeper crisis.