Global foreign direct investment (FDI) flows are forecast to decrease by up to 40% in 2020, from their 2019 value of $1.54 trillion, according to UNCTAD’s World Investment Report 2020.
The world economy will shrink by 5.2% this year.
Sovereign wealth funds saw a slowing of direct investments last year, with the amount of equity invested dropping to $35 billion from $43.3 billion in 2018.
Top economists are warning that the coronavirus will be more devastating for the world economy than originally forecasted as governments around the world urge people to stay home and shut down businesses.
Over 100 civil society organisations from around the world urged G20 governments, IMF and World Bank on Tuesday (April 7) to help the world’s poorests countries which are struggling with the impacts of coronavirus by cancelling debt payments.
Wealth managers are cutting some credit they extend to wealthy clients as worldwide financial markets chaos triggers a significant increase in margin calls according to Reuters.
The coronavirus outbreak, that started in China late last year, has left businesses around the world counting costs.
HSBC has said it will axe around 35,000 jobs over three years and cut $100 billion of assets as part of a major shake-up to revive its fortunes and boost returns to investors. The bank's interim chief executive, Noel Quinn, confirmed on Tuesday (Feb.
The World Federation of Exchanges (WFE), formerly the Federation Internationale des Bourses de Valeurs (FIBV), or International Federation of Stock Exchanges, has set out its business priorities for the new year.
The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals Oxfam’s new report, "Time to Care", released ahead of this week’s Davos meeting of business and political leaders.