Trade Correspondent, Washington DC, USA
Krista's Feed
Oct 11, 2014

World economies warn of global risks, call for bold action

WASHINGTON (Reuters) – The International Monetary Fund’s member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although Germany poured cold water on the idea of a new global “crisis.”

With Japan’s economy floundering, the euro zone at risk of recession and even China’s expansion slowing, the IMF’s steering committee said focusing on growth was the priority.

Oct 11, 2014

Swiss deflation risk on radar screen for SNB -bank chairman

WASHINGTON, Oct 10 (Reuters) – Swiss National Bank (SNB)
Chairman Thomas Jordan vowed on Friday to take whatever steps
were necessary to fend off deflation in the face of a weak
global economy, worsening euro zone outlook and falling
commodities prices.

Jordan said policymakers were closely watching the risk of
negative inflation rates, or deflation, given a deterioration in
the economy of the euro zone, Switzerland’s main trading

Oct 10, 2014

Europe’s weakness in global focus as recession fears gather

WASHINGTON (Reuters) – Alarmed by faltering euro zone growth, top finance officials from around the globe on Friday were expected to press their European peers for action to avert a recession and ward off deflation.

The International Monetary Fund, which cut its global growth forecasts for the third time this year earlier this week, said Europe’s weakness was a matter of particular concern.

Oct 9, 2014

Germany’s Schaeuble says ‘writing checks’ won’t fix Europe

WASHINGTON (Reuters) – German Finance Minister Wolfgang Schaeuble said on Thursday more government spending was a wrong cure for the euro zone’s weak growth and dismissed the prospect of recession for Europe’s biggest economy.

“We don’t have a recession in Germany, we have a weakening of growth,” he said at a Bertelsmann Foundation event on the sidelines of World Bank and International Monetary Fund meetings.

Oct 3, 2014
Oct 1, 2014

Exclusive: U.S. to pay $300 million to end Brazil cotton trade dispute – officials

BRASILIA/WASHINGTON (Reuters) – The United States will pay Brazilian cotton producers $300 million to settle a decade-old dispute over cotton subsidies, two officials familiar with the settlement said on Tuesday, the first concrete step to repair ties hurt by an espionage scandal.

The agreement will be formally signed on Wednesday morning in Washington after Brazilian Agriculture Minister Neri Geller and Foreign Minister Luiz Alberto Figueiredo traveled to the U.S. capital to finalize details.

Sep 29, 2014
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Sep 26, 2014
    • About Krista

      "I write about trade from Washington DC, where I moved in August 2013. IN nine years with Reuters, I have written about the Latin American economy from Mexico City and European Central Bank from Frankfurt. In a previous life, I worked in Australia and covered the economy and national politics for local news agency AAP."
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