China Bans Stock Sales by Major Shareholders for Six Months

China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stop the nation’s $3.5 trillion stock-market rout. Investors with stakes exceeding 5 percent must maintain their positions, the China Securities Regulatory Commission said in a statement. The rule is intended to guard…

China Bans Stock Sales by Major Shareholders for Six MonthsDetails

BlackRock Seeks SEC Clearance for Internal Fund Lending

BlackRock Inc. is seeking government clearance to set up an internal program in which mutual funds that get hit with client redemptions could temporarily borrow money from sister funds that are flush with cash. BlackRock, the world’s largest money manager, filed with the U.S. Securities and Exchange Commission on Friday to set up what’s known…

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Low Interest Rates Are Threat to Pension Funds, Life Insurers, Says OECD

The Organization for Economic Cooperation and Development warned on Wednesday that prolonged low interest rates fueled by central banks’ quantitative easing pose a serious threat to the solvency of pension funds and life insurers that could send ripples through the global financial system. As interest rates are expected to stay low for an extended period,…

Low Interest Rates Are Threat to Pension Funds, Life Insurers, Says OECDDetails

Government Debt Threatens to Send U.S. Economy into Death Spiral, CBO Warns

Rising federal debt threatens to choke economic growth within a decade, beginning a death spiral that will sap revenue from government programs even as demands grow, forcing the government to borrow even more, Congress‘ budget watchdog said in a frightening report Tuesday. Budget cuts or tax increases now would help avert that scary scenario, leaving…

Government Debt Threatens to Send U.S. Economy into Death Spiral, CBO WarnsDetails

U.S. Economy Still Running Below Trend in May, Chicago Fed Indicator Shows

The U.S. economy was still running below trend in May, according to the Chicago Fed’s national activity index released Monday. The index, a weighted average of 85 different economic indicators, edged up to negative 0.17 from negative 0.19, and the three-month average edged up to negative 0.16 from negative 0.20. A zero reading shows the…

U.S. Economy Still Running Below Trend in May, Chicago Fed Indicator ShowsDetails