Letter: Soros’s proposal for issuing perpetual bonds is no panacea
…This clarity contrasts, for example, with last year, when it was not clear whether the Bank would assume inflationary pressures would pass or endure….
China’s central bank struggles to force tech groups to share user data with state
…But one central bank adviser said the practice had continued because lenders did not want to pay the higher fees charged by Baihang and Pudao….
Letter: When a hole is just a hole
…Or just as a hole (as Jude Webber did in FT Weekend, October 29, regarding Northern Ireland’s finance s). Mike Pugh Woodford Green, Essex, UK…
Bulgaria: Scholz becomes 1st G7 leader to visit China in 3 years
German Chancellor Olaf Scholz will be visiting China on Friday, becoming the first leader from the Group of Seven (G7) to land in China in about three years.
Counterfeit banknotes removed from circulation average $425,000
UV ink and intaglio printing are most common security features
Central banks ’ gold demand hits record level
Purchases in 2022 reach 673 tonnes, higher than in any full year since 1967
Book notes: Yellen: the trailblazing economist who navigated an era of upheaval, by Jon Hilsenrath
Offers new insights into the tough decisions Yellen has made as a pre-eminent economic policy-maker
Lagarde says ECB may need to tighten above neutral rate
ECB president confirms central will announce QT plans in December
Malaysian central bank delivers fourth straight 25bp hike
Inflation remains relatively subdued despite strong second quarter growth
Kuwait breaks pattern by holding rates after Fed hike
Five other Gulf states, including Saudi Arabia and UAE, raised policy rates to match Fed