admin July 11, 2019

LOAN TALKS with Belarus; funding for bridges in Liberia; a possible gas project in Timor-Leste; accusations of exploitation in Tanzania; a corporate dispute in India; pledges to support the Rwandan private sector. And that was just the past few weeks. Such is the frenetic pace of China’s overseas lending that its outstanding loans have risen […]

admin July 11, 2019

IN SEPTEMBER 2007 Britain suffered its first bank run in a century. Television pictures showed a long queue of depositors outside a branch of Northern Rock. Alistair Darling watched in dismay from Portugal, where he and his fellow European Union finance ministers were gathered. “They’re behaving perfectly rationally, you know,” Mervyn King, the governor of […]

admin July 11, 2019

Getty Images Federal Reserve Chairman Jerome Powell is on Capitol Hill for the second straight day discussing the economic outlook. Federal Reserve Chairman Jerome Powell said Thursday that the U.S. economy was hit by a severe “confidence shock” in May from which it has only partly recovered. “You saw business confidence surveys…quite negative, fairly […]

admin July 10, 2019

Bloomberg News/Landov Fed Chairman Jerome Powell, shown here during a previous Capitol Hill appearance, has stressed that Congress gives the central bank independence to set policy ‘based on objective analysis and data.’ Federal Reserve Chairman Jerome Powell said Wednesday that the U.S economy is suffering from a bout of uncertainty caused by trade tension […]

admin July 10, 2019

Despite a strong economic recovery, about 40 percent of households in 2017 still said they would have trouble paying for a $400 unexpected expense. A recent study from the Center for Retirement Research uses data from two Federal Reserve surveys — the “Survey of Household Economics and Decisionmaking” (SHED) and the “Survey of Consumer Finances” […]