China is edging towards "financial calamity" and must wean itself off its debt addiction and reform if it is to avoid a crisis, the International Monetary Fund has warned. Markus Rodlauer, deputy director of the IMF's Asia-Pacific department, said the world's...
European Central Bank President Mario Draghi said on Wednesday the bank's low interest rate policies were not responsible for the problems that Deutsche Bank is facing. Michael Kemmer, the head of Germany's BdB banking association, earlier on Wednesday told Deutschlandfunk radio that...
Theresa May had to say something about Brexit at her first Conservative Party conference as party leader and prime minister. She could not just repeat her tedious mantra that “Brexit means Brexit”. So on October 2nd she came up with...
I have been talking about slow global economic growth since I've been writing for MarketWatch — nearly five years now. In May 2015, when I expanded my thoughts a bit and wrote "Global Growth Will Never Be the Same,” there...
Wal-Mart effect combines with deflation to eat away at margins Two-for-one sirloins? How about a nice deal on a wagyu steak? Call it the Great Grocery-Store Giveaway of 2016. In Austin, Texas, Randalls slashed prices for boneless beef ribs by...
Baby boomers, born between 1946 and 1964, are heading into retirement in droves (about 10,000 a day, in fact). Along with the aging of this iconic cohort come lots of data about their poor preparation for their golden years. Insufficient...
Middle-class Americans and the poor enjoyed their best year of economic improvement in decades in 2015, the Census Bureau reported Tuesday, a spike that broke a years-long streak of disappointment for American workers but did not fully repair the damage inflicted...
Jackson Hole revealed things that did not make it into reports by the mainstream media. Turns out, the academic and philosophical underpinnings were being laid down for a radical expansion of the Federal Reserve’s toolbox. The unthinkable policy that I’ve...
Equity valuations between Japanese and European banks will converge with quantitative easing (QE) programs and negative interest rate policies set to continue for the long term, according to a team at JPMorgan. "QE reduces lending rates to negative and we...
Company filed for court protection in South Korea last week A number of Hanjin ships have been stranded since the filing ​Hanjin Shipping Co. gained approval Sept. 1 for its court receivership filing after creditors refused to continue supporting the...
The rich world’s central banks need a new target Like other areas of public policy, central banking is prone to fads and fashions. From limits on money-supply growth to pegging exchange rates, orthodoxies wax and wane. Yet the practice of...
It's more than just a few states. Wage growth is picking up across America — and even non-oil states are getting in on the action. The median U.S. worker benefited from a 3.4 percent year-on-year increase in wages in July, only marginally lower than...
When China's top securities regulator said recently that it plans to delist Dandong Xintai Electric Co. for falsifying initial public offering documents, it didn't grab many headlines. But it suggested some far-reaching changes may be afoot. Xintai is the first company to...
Young workers today probably can't even think about retiring for 40 or 50 years. Longer lives and the prospect of weaker investment returns mean millennials will probably have to save more money, over a longer period of time, than their parents and...
EU members give their Brexit demands, while consumers show resilience What are the 27 other EU countries hoping to get out of Brexit talks? Bloomberg reporters put that question to governments across the continent and came away with a web of priorities...
