Global Economy
China Slowdown Struggling to Channel Money into Real Economy
A credit boom in China failed to keep economic recovery on track in the first quarter, suggesting the cash sloshing around the economy is not yielding the desired effect of stoking growth and could ...China to Require More Detail on Bank Loans to Financial Institutions
The China Banking Regulatory Commission (CBRC) will require banks to provide more detailed reports on loans provided to other financial institutions through the interbank market, two people close to ...
IMF Issues Stern Advice for World’s Major Economies
The International Monetary Fund had stern advice for the euro zone and other major economies on Tuesday in its periodic update on the health of the world economy. The following are the highlights ...Moody’s Affirms China Rating, Lowers Outlook After Fitch Downgrade
Moody's Investors Service on Tuesday affirmed China's government's bond rating of Aa3 but cut the outlook to stable from positive, the second pessimistic revision by a foreign ratings agency this ...
Influential Economic Study On Austerity May Be Flawed; Spreadsheet Coding Errors Blamed
One of the key intellectual touchstones in the move towards government austerity efforts around the world may have been incorrect in its conclusions due in part to spreadsheet coding errors, ...
Thatcher’s Legacy: Citadel of Finance Atop Once-Derelict London Docks
Where a maze of derelict warehouses and old cranes once testified to Britain's decline, glass skyscrapers teeming with traders now dominate London's docks, a metaphor - for good and ill - for ...
UPDATE: Japan, U.S. Agree on Tokyo Joining Trans-Pacific Trade Talks
Japan and the United States on Friday agreed on a deal paving the way for Tokyo to join talks on an Asia-Pacific free trade agreement, increasing the economic weight of the proposed pact and ...
India Seeks Investors from U.S., Canada to Fund Current Deficit
India's finance minister will seek to drum up foreign investment from the United States and Canada this week to fund a record high current account deficit, even as policymakers debate the risks of ...