Let me tell you a secret about the World Bank. One of the most effective things it ever did to help people break out of poverty is to help them migrate, temporarily, to pick fruit overseas. Migration to pick fruit is probably not the...Show More Summary
Created by Bank of America Merrill Lynch's Chief Investment Strategist Michael Hartnett, this illustration shows "free-float equity market capitalization" in billions of dollars.
WASHINGTON (Reuters) - A rise in market expectations for U.S. interest rates as the Federal Reserve starts to normalize policy could cut capital inflows to emerging markets by as much as 45 percent, World Bank economists said in a paper published on Tuesday. Show More Summary
World Bank, in association with The Department of Industry Policy & Promotion (DIPP) has released a report on implementation of business reforms in India; and Gujarat has topped the list of all Indian states in this research. The report...Show More Summary
There’s a great new Wall Street Journal article that begins as follows: In the seven years since the world’s central banks responded to the financial crisis by slashing interest rates, more than a dozen banks in the advanced world have tried to raise them again. All have been forced to retreat. But it’s never their fault: […]
One of the biggest pension funds in the world is going on the offensive against Brian Moynihan and Bank of America, and reaching far back into its playbook to do so. T he California State Teachers' Retirement System (CalSTRS) earlier...Show More Summary
Our world today faces more pressing challenges to sustainable development than ever in the history of humankind. The sheer number of people on the planet requiring access to food, clean water and sanitation, combined with the increased...Show More Summary
With the crunch on, cash suddenly became extremely valuable. That was duly noted by central banks the world over. The post How You Can Win the Government’s War on Cash appeared first on The Wall Street Examiner. Follow the money! See...Show More Summary
Europe's economy is still sluggish while China's market volatility continues. Greece has a cash shortage while Argentina carries a hefty debt burden. It seems as if no bank is safe. But the best place to store capital right now is in Europe, according to an annual report conducted by Global Finance. Show More Summary
After almost a year of waiting, the world will get its first glimpse of possible Bloomberg-killer Symphony tomorrow. The messaging tool backed by top Wall Street banks will be launched publicly tomorrow at The Lanesborough Hotel in Hyde Park, London. Show More Summary
From Harriet Torry and Jon Hilsenrath at the WSJ: Lesson for Fed: Higher Interest Rates Haven’t Been StickingIn the seven years since the world’s central banks responded to the financial crisis by slashing interest rates, more than a dozen banks in the advanced world have tried to raise them again. Show More Summary
Read storyNUTTY NEWS APPs: iPhone, iPad, iPod Touch – Android Nutty News Today – Strange News Headlines - Strangest of the Strange – Nutty Videos – Pinterest Nutty News - Nutty News Magazine - Facebook - Nutty News on Twitter - Nutty...Show More Summary
In the seven years since the world's central banks responded to the financial crisis by slashing interest rates, more than a dozen in advanced economies have subsequently tried to move rates back up. Not a single one--in the eurozone,...Show More Summary
To be sure, there’s something terribly ironic about the central bank for central banks telling the world that the market is too dependent upon central banks, but then again, the Bank for International Settlements isn’t exactly shy about...Show More Summary
Paul Romer: Botox for Development: In a talk at the World Bank that I gave last week, I repeated a riff that I’ve used before. Suppose your internist told you: The x-ray shows a mass that is probably cancer, but...
By Patrick Graham LONDON (Reuters) - Concerns over the world's major emerging economies, and in particular China, are growing as financial investors reassess the outlook for global growth, the Bank of International Settlements said on Sunday. Show More Summary
When it comes to the epic bubble in China's economy, it really boils down to one - or rather two - things: a vast debt build up (by now everybody should be familiar with McKinsey's chart showing China's consolidated debt buildup) leading to a just as vast build up of excess capacity, also known as capital stock accumulation. Show More Summary
Large investors had sued 12 of the world’s largest banks for conspiring to unfairly control a derivatives market at the center of the financial crisis.
Sept 11 (Reuters) – We may well not get a global recession in the coming year or two but if we do, bank on one thing: an inadequate policy response. Citibank Chief Economist Willem Buiter attracted attention this week with a call for a 55 percent chance of a global recession sometime in the next […]
``The world's second-largest economy is growing at its slowest pace in 25 years, forcing the central bank to cut interest rates five times since November and funnel credit to local governments to finance new construction. Estimates vary...Show More Summary