9:03 am April 23, 2014 | No Comment
The gap between America’s rich and poor is shrinking, according to one measure of income inequality that has reversed a steady increase seen for more than a decade.
10:32 am April 22, 2014 | No Comment
Far from the spotlight, in secretive high-level meetings and company boardrooms, Beijing is drawing up one of the country’s thorniest reforms: an overhaul of China’s hugely inefficient state-owned industry. In recent weeks, some of China’s top conglomerates have announced spin-offs and restructuring plans, local authorities have begun experimenting with new management structures, and political sources say a group focused on state enterprises plays a prominent role among six teams that form President Xi Jinping’s economic brain trust.
12:22 pm April 21, 2014 | No Comment
A plan to securitize debt is gaining momentum in Europe as banks seek to make it easier to loan to credit-starved small and medium-sized companies.
9:31 am April 21, 2014 | No Comment
Creditors who want to know how Mt. Gox at one point lost some $500 million worth of bitcoin and another $27 million in cash from its bank accounts, are seeking answers from chief executive Mark Karpeles, who has spent recent days huddled in meetings with lawyers in Tokyo.
9:26 am April 18, 2014 | No Comment
A citrus disease spread by a tiny insect has devastated Florida’s orange crop, which is expected to be the worst in nearly 30 years, and sent juice prices soaring on New York markets.
10:44 am April 17, 2014 | No Comment
If the principal investment theme of 2013 was the “Great Rotation” out of fixed income into stocks, the early indications this year point to a partial reversal of that flow to a broader “Asset Reflation”.
10:34 am April 16, 2014 | No Comment
As cheap money and a shortage of housing in Australia’s biggest cities spurs home values to new heights, first-time buyers face a choice of taking on more debt or dropping out of the market. Australia’s housing debt equaled a record 134.6 percent of disposable income at the end of 2013, up from 130.9 percent a year earlier, according to the central bank.
8:47 am April 15, 2014 | No Comment
Current and former top officials at the US Treasury’s Office of Foreign Assets Control (OFAC) offered insight into some of the often-secret agency’s inner workings, including its key role in imposing economic penalties on Iran. The 170-person sanctions unit within Treasury, comprised mainly of lawyers and intelligence analysts known as “targeters,” has extraordinary powers — and the ability to interrupt dollar transactions worldwide.
10:10 am April 14, 2014 | No Comment
Thailand's economy, known for its dynamism, is ailing — headed towards recession and held hostage by another crippling bout of turmoil in an eight-year power struggle being fought in Bangkok’s commercial heart and in its politicized courts.