Academics attack George Osborne budget surplus proposal

George Osborne’s plan to enshrine permanent budget surpluses in law is a political gimmick that ignores “basic economics”, a group of academic economists has warned.

Norway's $800 bln fund should lose independent ethics panel -report

OSLO, Nov 11 (Reuters) - The ethics panel that decides which firms Norway's $800-billion wealth fund should avoid should lose its independence and become part of the central bank, a report said, a shift critics said would undermine the fund's ethical strategy.

Global shares fall as growth fears mount, Wall St closes

LONDON (Reuters) - World shares and commodities fell on Monday as a recent run of downbeat corporate reports cast a shadow over the economic growth outlook and markets awaited the impact of a huge U.S. hurricane.

Abu Dhabi launches new port, may compete with Dubai

ABU DHABI (Reuters) - Abu Dhabi launched operations at a multi-billion dollar port facility on Saturday, seeking to diversify its oil-based economy with a project that could intensify competition for the region's shipping traffic with neighbouring emirate Dubai.

BofA Merrill Lynch Fund Manager Survey Finds Investors Displaying Growing Conviction in Growth

NEW YORK & LONDON--(BUSINESS WIRE)--Investors are increasingly bullish about prospects for global growth and a diminishing number expect further rounds of quantitative easing (QE) by central banks, according to the BofA Merrill Lynch Survey of Fund Managers for March.