Shanghai’s composite index of the biggest stocks in China just had its worst day since the middle of 2008, when the financial crisis was still getting into full swing. The index, which was a world-beater last year, just had all of its gains so far this year wiped out in just a few hours: Stocks were down by 7…
We hear a great deal about the credit binge in advanced economies that helped lay the foundation for the 2008 financial crisis and is also widely blamed for holding back the pace of the recovery. Well, while the West has been unwinding some of this excess borrowing in recent years, emerging markets have been seeing their own credit boom…
Chances are you look at your trips to the supermarket as pretty routine events. For grocery store owners, it’s anything but routine. They’ve planned everything out to get you to spend as much as possible. Here’s how they do it. Produced By Matt Johnston Follow BI Video: On FacebookJoin the conversation about this story »
By Marius ZahariaLONDON (Reuters) – Days before the European Central Bank is expected to deploy its ultimate monetary easing weapon, financial markets are showing no sign of confidence that it will push inflation anywhere near target in the next decade.The ECB is expected to launch a program to print hundreds of billion of euros in new money by buying government bonds as soon as Thursday, with the explicit aim of boosting inflation…
DUBLIN, Jan 19 (Reuters) – Ireland’s finance minister on Monday said he did not expect the resignation of Allied Irish Banks (AIB) Chief Executive David Duffy to damage the government’s attempts to sell part of the bank.
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