Business

Heavily indebted countries can look just fine until suddenly they don’t, finance watchdog warns—’That is how markets work’

[ad_1] Indebted countries are vulnerable to a precipitous loss of confidence even though that risk is barely acknowledged in bond markets, the Bank for International Settlements warned.  The Basel-based institution said in its annual economic report released on Sunday that countries whose bloated fiscal positions are further stretched by higher interest rates should prioritize fiscal repair. Claudio […]

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Breaking News

Hank Greenberg Fast Facts | CNN

[ad_1] CNN  —  Here is a look at the life of former AIG Chief Executive Officer Hank Greenberg. Birth date: May 4, 1925 Birth place: New York, New York Birth name: Maurice Raymond Greenberg Father: Jacob Greenberg Mother: Ada (Rheingold) Greenberg Marriage: Corinne (Zuckerman) Greenberg (1950-March 17, 2024, her death) Children: Jeffrey, Evan, Scott and […]

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Banking

FPIs make remarkable comeback; infuse ₹Rs 2 lakh crore in equities in FY24

[ad_1] Foreign investors made a strong return by injecting more than ₹2 lakh crore into Indian equities in 2023-24, driven by optimism surrounding the country’s robust economic fundamentals amidst a challenging global environment. Also read:FPI flows into India hit record ₹3.33 lakh crore this fiscal year Looking forward to 2025, Bharat Dhawan, Managing Partner at […]

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Politics

The ‘dirty dozen’ of Davos

[ad_1] Press play to listen to this article Voiced by artificial intelligence. It’s that time of year again: Leaders, business titans, philanthropists and celebs descend on the Swiss ski town of Davos to discuss the fate of the world and do deals/shots with the global elite at the annual meeting of the World Economic Forum. […]

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Politics

Middle East braces for chaos as Iran and West square up

[ad_1] Press play to listen to this article Voiced by artificial intelligence. Western warplanes and guided missiles roared through the skies over Yemen in the early hours of Friday in a dramatic response to the worsening crisis engulfing the region, where the U.S. and its allies are facing a direct confrontation with Iranian-backed militants. The […]

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Business

Inflation Gauges at 2021 Lows May Support End of Fed, ECB Hikes

[ad_1] (Bloomberg) — Inflation gauges in the US and euro zone are set to show the smallest annual increases since early or mid-2021, reinforcing sentiment that interest rates won’t be raised again. Most Read from Bloomberg The Federal Reserve’s preferred measures will be published on Thursday, with the personal consumption expenditures price index seen rising […]

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Business

Central Banks Search for Lessons From the Great Inflation Outbreak

[ad_1] (Bloomberg) — After the most aggressive monetary-tightening campaign in four decades, academics and economic practitioners are running autopsies on what could have prevented the cost-of-living crisis and how to ensure the same mistakes won’t be repeated. Most Read from Bloomberg Markets have scrambled to price in high-for-longer interest rates, with a new war in […]

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Politics

WTF is Christine Lagarde up to?

[ad_1] Press play to listen to this article Voiced by artificial intelligence. Deep in the Wyoming wilderness last month, Christine Lagarde, president of the European Central Bank, stood before a large audience of elite central bankers and casually predicted the collapse of the international financial order. Resplendent in red and black, she resembled a humanoid […]

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Breaking News

Federal Reserve Chair Jerome Powell hints at more bad news for borrowers | CNN Business

[ad_1] Washington, DC CNN  —  Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said Friday. Delivering a highly anticipated speech at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming, Powell again stressed that the Fed will pay […]

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Politics

Crypto can’t just ‘burn out’, says top global regulator

[ad_1] Press play to listen to this article Voiced by artificial intelligence. This article is part of the Politicization of Central Banking special report. AMSTERDAM — Global regulators can’t afford to just let crypto “burn out,” according to Klaas Knot — the man overseeing international efforts to bring the sector to heel. The crypto industry has absorbed […]

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Politics

The tension at the heart of the ECB

[ad_1] Press play to listen to this article Voiced by artificial intelligence. FRANKFURT ― The markets are jittery and inflation still needs taming. Coming together, those two things put the European Central Bank in a real bind. Fight one fire and it could cause the other to flare. The ECB can keep raising interest rates […]

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