Global Economy
U.S. Agrees to Japan Joining Trans-Pacific Talks; Japan Vows Action on Insurance, Auto
Japan and the United States have agreed on a deal to allow Tokyo to join talks on a U.S.-led Asia-Pacific free trade pact that Prime Minister Shinzo Abe is making a keystone of his strategy to open ...
Global Economy Won’t Deliver Big Growth In 2013: Reuters Poll Of Economists
This year now looks unlikely to deliver much improvement in the world economy's growth rate, with a weaker outlook for Europe and the United States tempering the cautious optimism that was evident in ...
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 ...