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Talks over the country’s overcapacity

The last day of U.S. Secretary Janet Yellen's trip to China coincided with the strongest retort yet from Beijing officials over her claims that China is flooding global markets with cheap goods, particularly in the new green industries. As Yellen laid out plans to formalise dialogue with China over excess industrial capacity in electric
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Europe faces death by decadence

The past week of Swedish politics has been a mysterious case of a dog that should have barked, but then simply didn’t. In a barely covered press release, the Riksbanken — Sweden’s central bank — announced that it had lost some 44 billion kr (£3.2 billion), and needed that much money from the state in order to return to the minimal level…
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Why Have Rate Hikes Not Done Anything?

American companies and consumers have cut their borrowing in response to higher interest rates, but this has not affected their actual spending. The result is that the U.S. economy is still continuing to grow briskly in both real and nominal terms despite years of allegedly “tight monetary policy”.The explanation seems to be twofold. First,…
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Central banks; U.S., China inflation data

13 Hours AgoPhilippine central bank leaves benchmark rate unchanged at 6.5% The Philippine central bank held its benchmark policy rate steady at 6.5% on Monday for the fourth consecutive meeting.In a press release, the Bangko Sentral ng Pilipinas noted that its latest inflation path has "shifted slightly higher but remains within target." The…
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