German Inflation Trauma of 1923 Strikes an Uneasy Chord Today
By late-1923, hyperinflation had rendered Germany’s currency so worthless that one woman used several billion marks of banknotes
2023-08-27 13:54
Powell Has Bond Traders Right Where He Wants Them: Full of Doubt
Jerome Powell has the bond market exactly where he wants it: lacking conviction as to the Federal Reserve’s
2023-08-27 04:48
BOE’s Broadbent Warns UK Rates Need to Remain High for Some Time
The Bank of England will have to keep interest rates high for longer because inflation will not fade
2023-08-27 03:22
BlackRock-Backed Puerto Rico Utility Deal Would Cut Debt by 75%
Puerto Rico’s bankrupt power utility has reached a deal with BlackRock Financial Management and Nuveen Asset Management to
2023-08-26 12:24
Country Garden’s Malaysia Project to Get New Tax Breaks, PM Says
Forest City, Country Garden Holdings Co.’s mega-development off Malaysia’s southern coast, will be designated a special financial zone
2023-08-26 10:15
ECB’s Nagel Says Much Too Early to Consider Rate Hike Pause
European Central Bank Governing Council member Joachim Nagel said that he’s not convinced inflation is under control enough
2023-08-25 15:22
China Eases Home Purchase Rules in New Push to Boost Economy
China unveiled a further easing of its mortgage policies to halt a slump in its residential property market
2023-08-25 15:21
German Economy Stalled in Second Quarter, Weighed Down by Trade
Germany’s economy exited recession by the slimmest margin in the second quarter but its sluggish performance continues to
2023-08-25 14:47
Fox News debate moderators didn't mention Trump for nearly an hour. It wasn't an accident
If it wasn't clear why the Republican Party selected Fox News to host the first pair of its presidential primary debates, perhaps it made a little more sense after watching the first two-hour melee Wednesday night.
2023-08-24 14:23
Euro-Area Downturn Quickens as Service Activity Starts Shrinking
The contraction of private-sector activity in the euro area intensified in August as services ceased being a bright
2023-08-23 17:16
Biden’s Summit With Asian Allies Further Isolates China
President Joe Biden’s security pledges with once feuding neighbors Japan and South Korea at historic talks bolstered US
2023-08-23 11:21
UK’s Slower-Than-Expected Borrowing Gives More Room for Tax Cuts
UK government borrowing came in below official forecasts in the first four months of the fiscal year, providing
2023-08-22 14:22