Developing countries facing a debt crunch
LONDON, Oct 4 (Reuters) – High interest rates, growing investor risk aversion and borrowing that ballooned in recent years have left a range of developing...
Argentina inflation hits 124% as cost-of-living crisis sharpens
BUENOS AIRES, Sept 13 (Reuters) – Argentina’s annual inflation rate shot up to 124.4% in August and hit its highest level since 1991, stoking a...
As inflation soars, Argentines say they’ve seen this film before
[1/4]A man pleads with riot police during protests against the Supreme Court and its backing of banking curbs, in Buenos Aires, Argentina January 10, 2002....
Japan at ‘inflection point’ in 25-year battle with deflation, government says
[1/2]People walk at an office building at a business district in Tokyo, Japan, February 29, 2016. REUTERS/Yuya Shino Acquire Licensing Rights TOKYO, Aug 29 (Reuters)...
Fed’s long-term GDP outlook is dismal; the economy hasn’t got the message yet
WASHINGTON, Aug 21 (Reuters) – After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the Federal Reserve had a reckoning at...
Fed meeting minutes could hint at end of rate hikes
WASHINGTON, Aug 16 (Reuters) – The minutes of the Federal Reserve’s policy meeting last month may indicate on Wednesday how many policymakers feel the U.S....
China can no longer ‘extend and pretend’ on municipal debt
Chinese leaders promise “basket of measures” to fix local debt Latest Politburo stance suggests Beijing may be ready to step in Extent of Beijing’s involvement...
China state banks seen selling US dollars to prop up yuan -sources
SHANGHAI/BEIJING, July 25 (Reuters) – China’s major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in...
Worsening euro zone business downturn reignites recession fears
LONDON, July 24 (Reuters) – Euro zone business activity shrank much more than expected in July as demand in the bloc’s dominant services industry declined...
NY Fed report finds Americans increasingly facing borrowing headwinds
[1/2]An American Express and a Visa credit cards are seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration July...