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CREDIT Suisse says it is no “magic bullet”. Bank of America insists it’s a “red herring”. And yet, all it takes to whip bond traders into a frenzy is the mention of a three-letter acronym – SLR, or supplementary leverage ratio.
Sustained rally likely to have impact on inflation
LONDON: European Central Bank (ECB) officials will set policy this week against a backdrop of investors betting on a global upturn even as the eurozone remains mired in pandemic lockdowns and painfully slow vaccinations.
WASHINGTON: U.S. Senate Democrats' effort to advance President Joe Biden's US$1.9 trillion COVID-19 aid bill stalled on Friday as senators jousted over how long to extend enhanced unemployment benefits and how much to offer during the pandemic.
Sharp movement in US Treasury returns poses risk of capital flight from Asian markets
NEW YORK: Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes.
SHANGHAI: The increasing output and expanding use of clean energy in China have continuously reduced the share of coal consumption in overall energy consumption, the National Bureau of Statistics (NBS) said in its annual communique released recently
PARIS: Boeing Co has raised concerns over the design of arch-rival Airbus' newest narrow-body jet, the A321XLR, saying a novel type of fuel tank could pose fire risks
WASHINGTON: A fresh initiative in the US Senate to put a tax penalty on big companies as a way of forcing higher minimum wages prompted a sceptical reaction among economists including a top adviser to former President Barack Obama.