China Shares Flounder Again, but ‘Real Economy’ Sound Says State Media
China's volatile shares tumbled again on Thursday, taking losses this month to about 25 percent or 13 trillion yuan ($2 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai Composite Index ended down...
Mohamed El-Erian Warns about a Day of Reckoning
Allianz Chief Economic Adviser Mohamed El-Erian said Tuesday the world economy is at the end of the era of borrowing growth and profits from the future in the form of easy monetary policies. “Either we validate the financial asset prices and growth faster, or...
Gold at 12-Week High on Safe Haven Buying as Fed Meeting Begins
Gold rose to a 12-week high on Tuesday, shrugging off strong stocks with nervous investors moving into safe havens as the U.S. Federal Reserve began a two-day meeting expected to give clues about the timing of the next interest rate increase. Spot gold was up 1.3...
