The departure of the UK from the Union will leave a deep hole in a rising EU budget
BRITISH Prime Minister Theresa May and her “Brexit” negotiating team need to embark on serious creative thinking. They need to persuade the … Read the rest
Don’t ignore signs of vulnerability in financial system: BIS
THE Bank of International Settlements (BIS) has issued yet another stark warning that lessons have not been learnt from the financial crash.
There were several stages of that financial crash that climaxed in the final quarter of 2008 and early … Read the rest
Reduction of central bank liquidity should be done delicately: BIS
CENTRAL banks are in a dilemma. Economies are at last expanding and inflation is beginning to accelerate, following years of slack growth. The question is, how do central banks counter inflation under present circumstances? How do they withdraw excessive monetary … Read the rest
Analysts see features in China helping to soothe credit bubble concerns
London:- SOME economists fear the consequences of China’s credit bubble. Others such as Simon Hunt Strategic Services say that worries are overblown and China’s authorities are deliberately tightening controls, cleaning up the financial system. Infrastructure spending will also spur growth.… Read the rest