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Latvia’s top banking official is accused of demanding bribes

ILMARS RIMSEVICS, for 17 years the governor of Latvia’s central bank, had been due to retire next year. Instead, he is facing calls to resign. On February 17th Latvia’s anti-corruption authority detained him on su.....»»

Category: topSource: STOCKCHARTSFeb 22nd, 2018Related News

Protestantism might be good for the wallet, after all

Spirit and flesh CAN religion make people wealthier? In 1905 Max Weber, a German sociologist, argued that it had happened in Europe. Protestants did not invent capitalism in the 16th centu.....»»

Category: topSource: STOCKCHARTSFeb 22nd, 2018Related News

Changing the guard at HSBC

YOU spend 38 years at a mighty global bank, the last seven as chief executive. As boss you clean up a stinking mess, the legacy of ill-conceived acquisitions and shoddy practice. You shell out billions in fines and legal costs. You shed b.....»»

Category: topSource: STOCKCHARTSFeb 22nd, 2018Related News

Japan’s central bank chooses continuity over tradition

GOVERNORS of the Bank of Japan (BoJ) tend not to linger long in their post. Twenty-two people have headed the institution since 1914, compared with 16 at the Federal Reserve and 12 at the Bank of England. The last time a BoJ gover.....»»

Category: topSource: STOCKCHARTSFeb 22nd, 2018Related News

Donald Trump mulls restrictions on steel and aluminium imports

TEN months ago the Trump administration took aim at steel and aluminium imports, giving itself a year to decide whether they threatened national security and, if so, what to do about it. On February 16th it concluded that America is indeed u.....»»

Category: topSource: STOCKCHARTSFeb 22nd, 2018Related News

OPEC mulls a long-term alliance with Russia to keep oil prices stable

OIL bears beware. On February 20thSuhail al-Mazrouei, OPEC’s rotating president and energy minister of the United Arab Emirates, said the 14-member producers’ group is working on a plan for a formal alliance with ten other petrostates, .....»»

Category: topSource: STOCKCHARTSFeb 22nd, 2018Related News

The long-term returns from collectibles

BONDS, shares and Treasury bills are all very well, but in the end they are just pieces of paper. They are not assets you can hang on the wall or display to admiring neighbours. Many rich people like to invest their wealth in more .....»»

Category: topSource: STOCKCHARTSFeb 22nd, 2018Related News

Economists cannot avoid making value judgments

AMID the name-calling and bluster that mar many fights between economists are a few common tactics. Belligerents may attack the theory used to support a claim, or the data analysis used to quantify an effect. During the debate o.....»»

Category: topSource: STOCKCHARTSFeb 22nd, 2018Related News

A banking centre seeks to reinvent itself

ON A clear day, sunset over Lake Zug is magnificent. Snow-dusted mountains cut through the orange glow above and are mirrored in the lake below. “Zug is our spiritual home,” says Jeremy Epstein, from Washington, DC, who has just taken 40 .....»»

Category: topSource: STOCKCHARTSFeb 22nd, 2018Related News

American banks pay depositors less than online accounts

EVERYONE knows that interest rates are rising—except, perhaps, one group: American savers who have put $12trn in bank accounts. They have seen the government’s deposit guarantee, purportedly designed to protect them, become a tic.....»»

Category: topSource: STOCKCHARTSFeb 15th, 2018Related News

How to interpret America’s experiment with huge budget deficits

“DEFICITS don’t matter,” said Dick Cheney, then the vice-president, in 2004. He may have meant what he said, yet the administration he belonged to showed a decided lack of conviction when it came to borrowing, with the federal deficit never ri.....»»

Category: topSource: STOCKCHARTSFeb 15th, 2018Related News

The digital upstarts taking on Britain’s dominant few banks

CHRIS MATTHEWS joined Monzo last May. “A friend mentioned it over a curry. Everyone signed up at once. Nine or ten of us.” Mr Matthews, a structural engineer living in London, transfers money monthly from the big bank where his salary lands to the o.....»»

Category: topSource: STOCKCHARTSFeb 15th, 2018Related News

Tax reforms prompt upheaval in the private-equity industry

IN THE political cacophony surrounding America’s new tax law, the voice of the private-equity industry has been muted. This is perhaps unsurprising. The industry has managed in large measure to retain its favourable ta.....»»

Category: topSource: STOCKCHARTSFeb 15th, 2018Related News

Recent tax reforms in America will hurt charities

DESPITE its oft-professed pro-market orthodoxy, America has always had an unusually large non-profit sector. Americans gave $390bn to charity in 2016, with the bulk of contributions coming from individual donors. Historically, revenues a.....»»

Category: topSource: STOCKCHARTSFeb 15th, 2018Related News

The markets still have plenty to fret about

BULL markets always climb a wall of worry, or so the saying goes. For much of 2017, .....»»

Category: topSource: STOCKCHARTSFeb 15th, 2018Related News

China’s stockmarket plunge: this time it’s different

A CHINESE new-year message from the American embassy in Beijing looked innocuous. It welcomed the Year of the Dog on Weibo, a microblog, with photos of the embassy staff’s pooches and a video greeting from the ambass.....»»

Category: topSource: STOCKCHARTSFeb 15th, 2018Related News

India’s state-owned banks endure a string of bad news

Spot the $1.8bn OF LATE Indian bankers have felt an unfamiliar sensation: optimism. A 1.3trn-rupees ($21bn) bail-out from the government seemed to have cleaned up the bad lending decisions of years .....»»

Category: topSource: STOCKCHARTSFeb 15th, 2018Related News

Men and women in economics have different opinions

MEN may hail from Mars and women from Venus. But economists, surely, inhabit planet Earth, surveying it dispassionately. Alas, a new paper suggests that even dismal scientists divide on gender lines. Ann Mari May and Mary McGarvey of the Universi.....»»

Category: topSource: STOCKCHARTSFeb 15th, 2018Related News

Bitcoin and its rivals offer no shelter from the storm

THE “biggest bubble in human history comes down crashing,” tweeted Nouriel Roubini, an economist, gleefully. After an exhilarating ride skywards in 2017, investors in crypto-currencies have been rudely reminded that prices can plunge e.....»»

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South-to-South investment is rising sharply

AT A meeting in Nam.....»»

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