China’s economy could overshoot the International Monetary Fund’s forecast and grow close to 7 percent this year although the outlook for the medium term is more uncertain, a senior IMF official said on Wednesday. Changyong Rhee, director of the IMF’s Asia and Pacific Department, said potential spillovers from China to other regional economies were larger than expected. China’s growth rate of 6.9 percent between July and September meant the country
Oil was $2 a barrel higher on Wednesday after the U.S. government reported a crude inventory build squarely within market expectations, extending gains after an earlier rally triggered by what the market described as a big algorithmic trade. The U.S. Energy Information Administration (EIA) said crude stockpiles rose 3.4 million barrels last week, matching analysts’ expectations in a Reuters poll.
Barclays will pay incoming chief executive James “Jes” Staley up to 8.24 million pounds ($12.6 million) a year after appointing the former JPMorgan investment bank boss to one of the most prominent posts in British business. Staley will join Barclays at the start of December, having been widely expected to be appointed after sources and media reports said he had been chosen pending regulatory approval. American-born Staley, 58, faces challenges
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China’s economy could overshoot the International Monetary Fund’s forecast and grow close to 7 percent this year although the outlook for the medium term is more uncertain, a senior IMF official said on Wednesday. Changyong Rhee, director of the IMF’s Asia and Pacific Department, said potential spillovers from China to other regional economies were larger than expected. China’s growth rate of 6.9 percent between July and September meant the country
Oil was $2 a barrel higher on Wednesday after the U.S. government reported a crude inventory build squarely within market expectations, extending gains after an earlier rally triggered by what the market described as a big algorithmic trade. The U.S. Energy Information Administration (EIA) said crude stockpiles rose 3.4 million barrels last week, matching analysts’ expectations in a Reuters poll.
Barclays will pay incoming chief executive James “Jes” Staley up to 8.24 million pounds ($12.6 million) a year after appointing the former JPMorgan investment bank boss to one of the most prominent posts in British business. Staley will join Barclays at the start of December, having been widely expected to be appointed after sources and media reports said he had been chosen pending regulatory approval. American-born Staley, 58, faces challenges
Tech companies have faced questions on whether on-demand workers are employees or independent contractors.
