• Singapore Signs on for OECD / G20 Tax Revisions


    In the wake of the infamous “Panama Papers,” nations around the world have felt extraordinary political pressure, both from within and from international economic organizations, to reform tax laws. These reforms are generally aimed at providing better transparency while closing loopholes that allow foreign organizations and individuals to funnel cash in an effort to avoid taxes in their home nations.

  • American Home Prices Set to Rise, Jobs to Fall


    New data suggests home prices in America will keep climbing, despite continued weakness in the labor market causing unemployment to rise.  Builders are increasingly confident about the single-family home market, according to a new study by the National Association of Homebuilders. The NAHB's Housing Market Index rose by 2 points in June because of more buying activity and a limitation on places to build new homes.

  • Nigerien Government Needs More Help to Fight Boko Haram


    President Mahamadou Issoufou has called on France to renew its commitment in fighting terrorist organization Boko Harm, according to Times Live. The Nigerien leader requested increased intelligence and other forms of military assistance. France intends to send more troops to the region to help African states counter terrorism.

  • IMF Delegation Arrives in Mozambique, Currency Devalues


    On Wednesday, the remarkably poor African nation of Mozambique received a delegation from the International Monetary Fund (IMF). The IMF was invited to visit Mozambique to help the government find a way out of a crisis of debt that has crippled the nation and could lead to civil and political unrest.

    The IMF delegation is scheduled to stay until June 24, but diplomats and analysts do not appear optimistic about the chances of a successful resolution. Mozambique acquired more than $2 billion in private debt deals while already indebted to a number of foreign nation donors.

  • Blame it on the Brits? Fed Points at Brexit


    Citing the economic risk of Britain leaving the European Union, Federal Reserve chief Janet Yellen kept interest rates low in an effort to help America's deteriorating economy.

    While several negative economic indicators at home have moved analysts to predict a rate hike would not happen in June, the Fed chair cited the risks of a Brexit for both Americans and people around the world. When asked if the possibility of a Brexit influenced the Fed's decision to delay its plan on increasing Americans' borrowing costs, Yellen said it was a factor.

  • New Myanmar Government Welcomes World Community


    Newly elected ruling party National League for Democracy (NLD) will welcome French Foreign Affairs and International Development Minister Jean-Marc Ayrault in the latest effort to open up Myanmar to the world, according to The Diplomat.

    Ayrault intends to strengthen diplomatic ties with Myanmar and ensure that French development efforts enhance the economy. Myanmar has been plagued by decades of civil war and has slowly transitioned from military rule to a civilian-led government.

  • Are Central Banks Losing Control or Credibility?


    More fund managers are preparing for a steep decline in stocks as the Federal Reserve announces whether it will raise interest rates.  The Federal Open Market Committee press release, due Wednesday afternoon, is a much-awaited announcement on whether this is the meeting where the Federal Reserve will change monetary policy.

    After months of pricing in a low chance of a rate hike, markets reacted sharply last month after several Fed executives gave public speeches and interviews asserting the strength of the American economy and the need to rein in inflation.