China posts rising industrial profits
An 11% jump in profit at China’s major industrial companies helped lift their profit gain for the first seven months to 6.9% from the year-earlier period. July’s gain was attributed to a low comparison base, […]
Financial & Economic News
New rules could help foreign entrepreneurs stay in US
The Obama administration has unveiled a plan to help foreign entrepreneurs stay in the US for five years while building their companies. To qualify for the program, founders must own at least 15% of a […]
Japan held captive by deflation
The seemingly unstoppable rise of the yen has firmly entrenched a deflationary and bargain-hunting mindset among Japanese consumers and caution in the business world. The government’s latest stimulus package is also being dismissed as Abenomics […]
China takeover abroad raises tensions
Not all is harmony as China prepares for next month’s Group of 20 summit, with a number of nations resisting China’s push to acquire assets abroad. Such rejection is considered even more confrontational than disputes […]
ECB research backs fiscal spending in eurozone core
Fiscal spending by core eurozone economies would help offset the negative effects of structural reforms in peripheral countries, according to research released Thursday by the European Central Bank. The findings support ECB President Mario Draghi’s […]
Fintech groups plan to work together
Financial technology groups in more than 20 cities plan to launch a federation next month to pool resources quicker. “We’re hoping to really be able to accelerate the connection of fintechs [start-ups] and institutions to […]
Japan posts sharp drop in consumer prices
Consumer prices in Japan fell for the fifth month in a row in July, dropping 0.5%, the biggest year-on-year decline in more than three years. Most economists expect the Bank of Japan to respond to […]
Blackstone announced an agreement to invest $1.5B in a pair of drilling deals in West Texas
Blackstone yesterday announced an agreement to invest $1.5B in a pair of drilling deals in West Texas, and committed another $500M to a group which has just purchased 16K acres in another area of the […]
Waiting too long to raise rates could trigger recession, Fed officials say
Federal Reserve officials meeting with Fed Up, a coalition of community groups, said that if the central bank acts too slowly to raise interest rates, it could cause the economy to overheat and then fall […]