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Li calls for rational actions over emotions.

  • March 20, 2018 September 13, 2019
  • 12:33

The new CEO of Credit Suisse has proposed that its board make a “significant” cut in his bonus after the Swiss bank posted disappointing earnings last week and announced 4,000 job cuts. The bank on Monday confirmed comments by Tidjane Thiam (pictured) in an interview published a day earlier in SonntagsZeitung and other German-language media. […]

  • February 9, 2016 September 13, 2019
  • 09:00

The Bank of England has opted to keep interest rates at a record low of 0.5%, marking its sixth calendar year in a row in which there’s been no change. The Monetary Policy Committee voted 8-1 on Thursday to keep rates steady. With inflation at minus 0.1%, there’s little pressure to act. The bank last […]

  • December 10, 2015 September 13, 2019
  • 10:25

Asian countries are aging faster than has been seen anywhere else in the world, and they need to urgently reform pension systems and encourage more women to enter the labour force, the World Bank said in a report Wednesday. By 2040, the aging populations could shrink the working-age population by more than 15% in South […]

  • December 9, 2015 September 13, 2019
  • 11:03

The head of the International Energy Agency expects oil prices will remain low next year as demand weakens and supply remains high. The price of oil fell this week to its lowest since early 2009, when the global economy was deep in crisis. The U.S. benchmark recovered 1.6 per cent at $38.08 on Wednesday. Fatih […]

  • December 9, 2015 September 13, 2019
  • 10:48

Federal Reserve Chair Janet Yellen tells Congress that economic conditions are falling into place for policymakers to raise interest rates when they meet in two weeks, as long as there are no major shocks that undermine her confidence. Yellen says that even after the first increase, rates will still be at very low levels, which […]

  • December 3, 2015 September 13, 2019
  • 10:31

One of the smartest ways to fight global warming is putting a price on carbon dioxide pollution, some key world leaders at the international climate summit say. Either a tax on carbon dioxide emissions or trading carbon pollution like pork bellies, which puts a price on carbon, will help use capitalism to get closer to […]

  • December 2, 2015 September 13, 2019
  • 10:59

Inflation across the 19-country eurozone held steady in November at 0.1% over the year, reinforcing the case for the European Central Bank to deliver a further big stimulus for the region this week. The increase reported Wednesday by the European Union’s statistics agency was below market expectations for a modest uptick to 0.2%. Perhaps more […]

  • December 2, 2015 September 13, 2019
  • 10:55

A non-profit funded by the Coca-Cola Co. to combat obesity is disbanding following revelations about the beverage maker’s involvement with the group. The Global Energy Balance Network said on its website Monday night that it is “discontinuing operations due to resource limitations.” The decision was effective immediately. The group had previously said that it received […]

  • December 1, 2015 September 13, 2019
  • 10:35

The leaders of five of the seven parties represented in Greece’s Parliament failed to agree on pension reforms after a six-hour meeting, prompting the prime minister to criticize the opposition for being “irresponsible” and “unserious.” Alexis Tsipras, who didn’t back moves by other governments while he was in opposition, had hoped to get the opposition […]

  • November 28, 2015 September 13, 2019
  • 10:31