Venezuelaandthejewelofitscrude-dependenteconomy,stateoilcompanyPDVSA,weredeclaredinpartialdefaultbyratingsagenciesTuesday,butthegovernmentinsisteditwasintheproc
AFinancialSectorDelegationmeetingwasheldaspartofthe19thNationalCongressoftheCommunistPartyofChinaonThursday,withhigh-levelofficialscallingforfurtherreform,moreo
OneofthebiggestthreatstoChina'sfinancialstabilityislocalgovernmentdebt.Lastyear,localgovernmentsissuednewdebtworth6trillionyuan,or920billionUSdollars,up60percen
Amongmanyofusinthegenerationsthathavedonewelloutofthepost-WorldWarTwoperiod,there’snowafeelingofguilt-asthereshouldbe.Weneedtofeelguiltybecausethepoisonedbeques
Whiletighteningglobalmonetarypolicieswouldputmorepressureonshort-termliquidityinfrontiermarkets(FMs),Chinesefinancingcouldhelpmitigateliquidityriskforthesecount
TheEuropeanCentralBank(ECB)willaskeurozonebanksfromnextyeartosetasidemorecashtocovernewlyclassifiedbadloansandmayalsopresentadditionalmeasurestotacklethesector’
Theconundrumofstubbornlylowinflationdespiteapick-upinglobalgrowthandcontinuedmonetarystimulusisa“trilliondollar”question,theumbrellabodyfortheworld’sleadingcent
TheHousepassedasweepingpackagetodaythatauthorizesbillionsofdollarsforhurricanerecoveryefforts,raisesthedebtlimitandfundsthegovernmentthroughDecember,withsomeRep
AsiansharesbouncedbackonThursdayafterU.S.PresidentDonaldTrumpandcongressionalleadersunexpectedlyagreedtoraisethegovernmentdebtlimituntilDecember,eliminatingthen
InAugustfinancialmarketsandeconomicjournalistsconcentrateonwhatcentralbankerssayattheJacksonHolegatheringhostedbytheFederalReserveBankofKansas.AfterJacksonHolea
IfCongressfailstoincreasethedebtceilingbeforeOctober,thefederalgovernmentcouldstruggletopaynearly25%ofthecountry'sbillsforthemonth.Andthoseowedmoneywouldfaceinc
Chinawillchannelmoreenergyintodeleveraginginstate-ownedenterprises(SOEs)administeredbythecentralgovernmentamidimprovingcorporateperformance.AStateCouncilmeeting
Here'sanewbuzzwordinthebusinessworld—grayrhino.Theyrefertolargeandvisibleproblemsintheeconomythatareignoreduntiltheystartmovingfast.Somemarkersfortheseproblemsl
WhoeverwinsKenyapresidentialticketintheTuesdayelectionswillfaceeconomicopportunitiesandchallengesthatifwellharnessed,maytakethecountryclosertoitsdreamofbecoming
Greecegotapprovalforaone-year,1.8billionUSdollarloanprogramfromtheInternationalMonetaryFund(IMF)lateThursday.Thereleaseofanyfunds,however,wasnotcommitteduntilth
The South African government has given the state carrier funds to help it repay loans of around 176 million US dollars to Standard Chartered.
TheSouthAfricangovernmenthasgiventhestatecarrierfundstohelpitrepayloansofaround176millionUSdollarstoStandardChartered.SouthAfricanAirways(SAA)hadadebtofaboutnin
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