World Economic Magazine

South Korea’s youth debt binge shows no sign of slowing as rate hike looms

When South Korea announced new lending curbs last month, Joe Park, a 34-year-old grocery chain purchasing manager, scrambled to borrow…

5 years ago

BOJ policymaker warns of global impact from chip crunch, Asia factory closures

A shortage of semiconductor chips may persist for the rest of this year if the coronavirus pandemic keeps Southeast Asian…

5 years ago

U.S.-China group seeking to bolster financial ties to meet in autumn- source

A group of Wall Street figures and Chinese officials aiming to strengthen financial sector ties and bolster bilateral relations plans…

5 years ago

Marketmind: Europe’s powerhouse just isn’t feeling it

As the COVID-19 Delta variant and supply chain disruptions persist globally, damage inflicted on business sentiment in Europe's biggest economy…

5 years ago

Afterpay loss widens on higher marketing spend to tap new markets

Afterpay Ltd (APT.AX) said on Wednesday its annual marketing costs more than doubled as it entered new markets to tap a pandemic-driven…

5 years ago

China c.bank increases cash injections to soothe tightening worries

China's central bank increased short-term fund injections into the financial system on Wedneday, in a bid to soothe market worries…

5 years ago

Oil steadies near $71 after two-day rally

Oil prices steadied near $71 a barrel, taking a breather after a strong rally in recent days as Mexico was…

5 years ago

Citi considering bitcoin futures trading for some institutional clients

Citigroup Inc (C.N) is considering offering bitcoin futures trading for some institutional clients, a spokesperson for the bank said on Tuesday, citing…

5 years ago

Wall St extends rally, pushing S&P 500 to 50th all-time high close this year

Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA's full approval of a COVID-19…

5 years ago

Goldman Sachs raises odds on U.S. Fed taper announcement in Nov

Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its bonds…

5 years ago