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Mario Draghi may have skipped the Federal Reserve’s Jackson Hole symposium this year, but he can’t dodge its conclusion: central banks can’t steer inflation as well as they thought. Less than six months into a stimulus program that the European Central Bank president promised would revive consumer-price growth, the euro area is facing renewed disinflationary pressure as China’s economy slows and commodity prices slump. This week, Draghi may have to
Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank’s plans. Citi has also hired 11 analysts so far this year to support its investment advisory business, and is increasing financing of the unit in general, said the sources, who did not have
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Chinese state media announced a slew of confessions on Monday following investigations into recent stock market gyrations, including from a detained reporter who admitted to spreading false information that caused “panic and disorder”. An official from China’s securities regulator had confessed to insider trading while four senior executives from China’s largest brokerage, CITIC Securities, had also confessed to insider dealing, the official Xinhua news agency reported. China is trying to
Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply glut and renewed concern about a hard landing for China’s economy. International benchmark Brent crude climbed 10 percent last week but was still heading for its fourth straight monthly decline and has risen in only two of the past 14 months. At 1340 GMT, Brent was down $1.28
Stocks are sinking after the Fed’s Stanley Fischer suggests an interest rate hike next month is still very much on the table. China isn’t helping, either, with the market there falling again on indications the government may back off efforts to prop up equities. And Netflix says goodbye to the Hunger Games…but the popular films didn’t stay on the market for long.
U.S. stock index futures pointed to a lower open on Monday, as European and Asian stocks traded mostly lower on concerns that Beijing might change tack in its efforts to boost the stock market.
Less than 20. That’s how many votes separated The 100’s Eliza Taylor and Alycia Debnam-Carey in the Elite 8 round of 2015’s Girl on Top Tournament. Yep, it was that close,…
Ashley North might be questioning her long-term relationship. If you remember, in last week’s episode of WAGS her fiancé Dashon Goldson delayed their wedding indefinitely after…
Introducing our newest celebrity blogger, Coco! The talk-show host, fitness enthusiast and reality star is gearing up to welcome her first child with husband Ice-T. Lucky for us,…
