Global Economy
Federal Reserve: Low Interest Rates Not Inducing High Risk-Taking…Yet
Federal Reserve staff conducted a wide survey but found no evidence so far that the U.S. central bank's ultra-low interest rate policy has encouraged excessive risk-taking, the Fed said on Wednesday. ...
Japan’s Big Leak: Where Will the Money Go?
The Bank of Japan's massive new bid for inflation will create growth but to its chagrin much of it may well be concentrated in financial markets and outside of Japan. So long as Japanese consumers ...
UK Watchdog Tells Financial Product Sellers: No More ‘Buyer Beware’ Defense
Britain's new watchdog announced sweeping changes in financial regulation on Wednesday, telling banks they can no longer blame customers when products go wrong and promising to study how consumers ...
Wal-Mart Moves to Fund Supply Chain Safety After Bangladesh Factory Fire
Wal-Mart Stores Inc., the world's largest retailer, is making its biggest push yet to try to improve conditions at factories that produce its clothing after a fire at a Bangladesh factory last year ...
Trying to Fix Broken Economics: Kaletsky
Here is a list of economic questions that have something in common: In a recession, should governments reduce budget deficits or increase them? Do zero percent interest rates stimulate economic ...
China Banks Shifting Risks to ‘Shadow System’ of Insurers, Brokerages, Trusts
China's banks are feeding unwanted assets into the country's "shadow banking system" on an unprecedented scale, reinforcing suspicions that bank balance sheets reflect only a fraction of the actual ...
U.S. Encourages South Korea to Join Trans-Pacific Trade Talks
The United States would welcome South Korea joining negotiations on an Asia-Pacific free trade agreement, a senior U.S. trade official said on Wednesday, as Washington continues to weigh Japan's bid ...
Former Budget Chiefs Warn on Deficit But Disagree on Speed in Fixing
Two former U.S. budget chiefs who worked for presidents from opposing political parties said on Monday that the government should reduce military spending, scale back Social Security payments and end ...