IMF cuts global growth outlook, cites trade war and weak Europe

DAVOS, Switzerland (Reuters) - The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. Swiss special police officer keeps watch from a rooftop, ahead of inauguration…

Global stock markets falter after China data, Brexit Plan B awaited

LONDON (Reuters) - European shares fell on Monday from recent six-week highs as a global equity rally stalled after data confirmed a slowdown in China’s economy and investors awaited for Britain’s next steps to break the deadlock over Brexit. British Prime Minister Theresa May is set to present her ‘Plan B’ for Brexit to parliament…

Global FDI skids 19 percent on Trump tax reform, may rebound in 2019 - U.N.

GENEVA (Reuters) - Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely caused by U.S. President Donald Trump’s tax reforms, the United Nations trade and development agency UNCTAD said on Monday. FILE PHOTO: Part of a facade of a future urban project of Iraqi-British architect Zaha Hadid is…

Xi keeps China on high alert for 'black swan' events: Xinhua

BEIJING (Reuters) - China must be on guard against “black swan” risks while fending off “gray rhino” events, President Xi Jinping said on Monday, adding that the economy faces deep and complicated changes, state news agency Xinhua reported. FILE PHOTO: Chinese President Xi Jinping speaks during an event to commemorate the 40th anniversary of the…