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Only one of Canada's big five banks has yet to publicly support new defence bank initiative
Bond specialists sceptical that auctions can yield better results than bookbuilding
Project to establish bond-issuing multilateral bank gets under way, aiming to strengthen Nato and allies’ defence capacity and procurement
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Start-up RTGS.global thinks it has a cross-border system whereby it can blow stablecoins such as Facebook’s Libra out the water
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In this round-up, China’s third-quarter GDP growth fell to 6%, September’s CPI inflation jumped due to continued surge in pork price and money and credit growth both exceeded market expectations -
Europe’s strongest member states are on the verge of embarking on a growth-boosting fiscal splurge, but leading economists in the region fear that any action will be too little and too late to avert a recession in the bloc
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The next economic downturn will be much more severe than the last financial crisis because firms have twice as much outstanding debt as they did in 2008, said a leading academic this week.
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Libor may be extended beyond the cut-off date of 2021, sources told GlobalCapital this week, as the market braces for litigation over more than $1tr of Libor-linked mortgages. Tom Brown reports.
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The World Bank’s new managing director Axel van Trotsenburg tells GlobalMarkets how he and president David Malpass will deliver on the record capital package they negotiated a year ago by delivering results on the ground
