FRX
- ECONOMY
Democrats Reject GOP Demand to Set Conditions on Debt Limit Hike
(Bloomberg) — Democratic senators rejected any attempt by Republicans to set conditions for increasing the federal debt limit, showcasing an…
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Evergrande’s Boss Needs a Lot of New Friends
(Bloomberg Opinion) — In the past, China Evergrande Group has always been able to wiggle out of trouble. In turbulent times,…
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U.K. Government Borrowing Pressures Eases as Economy Rebounds
(Bloomberg) — The U.K. borrowed less than officials forecast in the first three months of the fiscal year as an…
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Global Growth Boom May Disappoint, Morgan Stanley’s Sharma Warns
(Bloomberg) — China’s regulatory crackdown on its technology sector and U.S. consumers possibly saving more than they spend are twin…
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U.S. Government Advisory on Hong Kong Business Risks: Full Text
(Bloomberg) — Here is the full text of the advisory issued on Friday by the U.S. State, Treasury, Commerce and…
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How Mexico Forgot Its Covid Crisis
(Bloomberg Businessweek) — Every weekday morning, Mexico’s president holds a rambling televised celebration of his supposed successes: a news conference…
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Why Wall Street Is Afraid of a Digital Dollar
(Bloomberg Businessweek) — Imagine logging on to your own account with the U.S. Federal Reserve. With your laptop or phone,…
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Argentina Spawns Another FX Rate as Government Clamps Down: Q&A
(Bloomberg) — Government steps to regain control over the Argentina’s chaotic currency market has led a new unofficial exchange rate…
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Morgan Stanley’s New CFO Nears Her Debut in Wall Street’s Glare
(Bloomberg) — When Morgan Stanley unveils what’s expected to be one of its best quarters ever, a new voice will…
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India Hunger Crisis; Surge in Greek, Dutch Cases: Virus Update
(Bloomberg) — India is facing a hunger crisis after Covid lockdowns forced job losses, more than 15 million alone in…
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Powell Faces Biden Policy Quiz With Renomination in Background
(Bloomberg) — U.S. Democratic lawmakers this week will invite Federal Reserve Chair Jerome Powell to support another big round of…
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China Is the First Crack in the Covid Recovery
(Bloomberg Opinion) — China is the first noticeable crack in the Covid-19 recovery. The only major economy to show any…
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Malaysia Is Staggering Down the Road to Failed Statehood
Malaysians in distress have taken to waving the white flag from windows and driveways. At the most basic level, it’s…
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Text of the U.S. Federal Reserve Meeting Minutes for June 16
(Bloomberg) — Following are the minutes of the Federal Reserve‘s Open Market Committee meeting on June 16: A joint meeting…
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Who Gets Left Holding the Digital-Dollar Fad?
(Bloomberg Opinion) — Is the idea of a digital dollar just a fad — like the 1980s craze with parachute pants that became synonymous…
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Investors Look Abroad Amid Political Tensions: Chile Market Chat
(Bloomberg) — As Chile’s new Constituent Convention starts the long process of rewriting the country’s constitution in order to “refound”…
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Australia Seeks the Goldilocks Exit From Stimulus
(Bloomberg Opinion) — Australia has taken a small step toward dismantling part of the stimulus it unleashed to fight Covid-19.…
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An MMT Economist Explains Why China Should Boost Fiscal Spending
(Bloomberg) — Calls are growing louder for China’s government to boost fiscal stimulus regardless of high debt levels in the…
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Thai Prime Minister Self Isolates After Covid Exposure at Phuket Reopening
(Bloomberg) — Thailand’s Prime Minister Prayuth Chan-Ocha will isolate at home for a week after he came into close contact…
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Delta Variant Creates Emerging Markets Gap as Outperformers Hit
(Bloomberg) — A handful of emerging-market currencies have held onto gains versus the dollar this year. That list may shrink…
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It’s the Beginning of the End of Easy Money
Central banks are starting to tip-toe away from the emergency stimulus they deployed to fight the pandemic-driven global recession. Federal…
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Food Markets in Caracas Empty Out as Inflation Hits the Poorest
(Bloomberg) — In a country suffering what’s considered the Western Hemisphere’s worst humanitarian crisis, Venezuela’s pain is hitting a new…
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HSBC Banker’s Portrait of Racism Inside Firm Prompts Probe
(Bloomberg) — The uncomfortable conversations began the moment the 48-page report landed in senior managers’ inboxes at HSBC Holdings Plc…
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U.K. Furloughed Jobs Plunge by 1.2 Million as Economy Reopens
The number of British jobs supported by government wage subsidies plunged by almost 1.2 million in May, and a key…
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WhaleFarm Crash Is Latest Too-Good-To-Be True DeFi Collapse
(Bloomberg) — On Monday, something called WhaleFarm was trading above $200 on crypto exchanges. By Wednesday, it was worth close…
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‘IPOs Aren’t Fun Anymore’: Turkey’s Stock Craze Is Fizzling Out
(Bloomberg) — At the height of Turkey’s day-trading frenzy, Osman Sekman was opening as many brokerage accounts as possible. The…
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U.K. Consumers Add to Savings War Chest Before of Lockdown Eased
(Bloomberg) — British households saved a fifth of their disposable income in the first quarter as the U.K. returned to…
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Bank BNY Mellon Embraces Crypto, But One of Its Units Isn’t So Sure
(Bloomberg) — BNY Mellon says it’s the first global bank to allow clients to hold, transfer and issue digital currencies.…
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Stimulus ‘Pandexit’ Is Next Challenge as Recovery Quickens
Central banks and governments were quick to buttress the world economy as the Covid-19 pandemic erupted. The bigger challenge will…
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Stimulus ‘Pandexit’ Is Next Big Challenge as Recovery Quickens
Central banks and governments were quick to buttress the world economy as the Covid-19 pandemic erupted. The bigger challenge will…
Read More » - ECONOMY
U.K. House Prices Surge Most in 17 Years, Nationwide Says
U.K. house prices grew at their fastest annual pace for more than 17 years in June, adding to a growing…
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U.K. House Prices Surge Fastest 17 Years, Nationwide Says
(Bloomberg) — U.K. house prices grew at their fastest annual pace for more than 17 years in June, suggesting the…
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Commodity Traders Harvest Billions While Prices Rise for Everyone Else
(Bloomberg) — Doug King set up his hedge fund in the early days of the commodity super-cycle in 2004. It…
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All Together Now: ‘Tighter Policy Isn’t Tight Policy’
The issues Australia and South Korea wrestle with encapsulate a broader dilemma. Policy makers need to acknowledge that economies are…
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Russia Stumbles in Bid to Fight Global Price Surge With Duties
Russia’s answer to the surge in global commodity prices has been a mass experiment with duties, export curbs and price…
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