Climate change will cause a decline in living standards globally, specially in South East Asia which houses about quarter of the population.

Stocks are a hair’s breadth away from records and Treasury yields are soaring, a shift that investors say points to an unraveling of fear-driven bets that sent markets tumbling in August.

Retirement savers who hold fast to assumptions like “the 4% rule” on withdrawal rates or that their taxes will fall after their career is over could be in for a surprise.

Banks will have to adapt to changes in the business environment, Slovenian central bank Governor Boštjan Vasle said as he commented on a recent set of measures taken by the European Central Bank (ECB) to revive inflation.

It sounds crazy: even National Public Radio is talking about repo rates.

China needs a more flexible and convertible yuan to improve investors’ confidence in the currency, a financial think tank said.

…swollen in spite of investments in technology and efforts to automate processes. Mr Azad said cost control problems could become “substantially worse” unless banks took quick action. McKinsey suggested…

Haunted by their overexpansion during the last gold boom, mining companies are shunning spending and taking a more conservative approach.

Beleaguered Altico Capital India Ltd. said a prolonged cash squeeze for India’s shadow lenders and property developers after the collapse of IL&FS Group last year led to its default.