Non-financial sector debt — borrowing by governments, households and other businesses — accounts for $190tn, or 75 per cent, of total debt and is growing faster than the global economy.
Monetary policy meeting minutes from the Federal Reserve and the European Central Bank will be in focus this week as investors continue to monitor the effects of recent central bank easing against a background of trade uncertainty and slowing global growth.
Stocks on Wall Street have soared to fresh record highs, but it’s not because the economy is flashing a big thumbs-up sign.
The Long Beach-Qingdao Sister City Association hosted its annual fall luncheon on Friday, an event created to highlight the cordial relationship between the two coastal cities and foster continuing good will between their peoples.
China’s central bank said on Saturday it will maintain prudent monetary policy to prevent inflation from spreading.
- China c.bank to maintain prudent policy to prevent inflation from spreading (Reuters: Nov 16, 2019 at 3:52 AM)
- China central bank to maintain prudent policy to prevent inflation from spreading (Investing.com: Nov 16, 2019 at 12:00 AM)
MALAYSIA’S economic growth eased in the third quarter to its slowest pace in a year amid declining exports and weaker factory output.
Michael Bloomberg, who is weighing a bid for the Democratic nomination for president, will not attend an economic conference in China next week being hosted by his media outfit, a company spokesman told Reuters on Friday.
U.S. retail sales rebounded moderately in October although consumers did cut back on purchases of big-ticket household items like furniture and discretionary spending.
China’s cabinet has decided to relax financing requirements for some infrastructure projects in its latest bid to prop up growth as the world’s second-largest economy continues to slow.
U.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing.