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Too much debt and too little financial discipline

THE world is flushed with debt – right now nearly US$250 trillion, up 8% from a year ago. This level, according to the Institute of International Finance (IIF), is three times what it was two decades ago and relative to GDP, global debt exceeded 318%.

Gold holds firm on trade, growth worries

BENGALURU: Gold held steady yesterday on worries that a prolonged Sino-US trade war could worsen global economic slowdown, but a strong US dollar put bullion on track for its first weekly loss in three.

Sterling to slump on no-deal Brexit, rise a bit on orderly exit

LONDON: Sterling will gain between 2 and 5 percent if Britain parts ways with the European Union with a divorce deal but will slide between 5 and 10 percent in the event of a disorderly Brexit, a Reuters poll found on Wednesday.

Less than eight weeks before Britain is due to leave the EU on March 29 there is still huge uncertainty about the terms of its departure and fears are rising of a no-deal Brexit without a transition period to minimise economic disruption.

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