World Bank cuts China, Indonesia growth estimate; warns of asset bubbles
SINGAPORE - The World Bank on Monday scaled back slightly its 2013 growth forecasts for developing East Asia and warned about possible over-heating in the region's larger economies that could stoke inflation and asset bubbles.
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Reuters
Singapore: The Airocean Case: Materiality Matters When It Comes To Director’s Duties - Clyde & Co
In a landmark decision handed down by the Singapore High Court, an independent director’s conviction for market misconduct was overturned.
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Mondaq
Japan Central Bank Revamps Policy to Boost Economy
TOKYO — Japan is making a sweeping shift in its monetary policy, aiming to spur inflation and get the world’s third-largest economy out of a long, debilitating slump. Bowing to demands from Prime Minister Shinzo Abe for more aggressive monetary easing, the Bank of Japan announced Thursday a policy overhaul intended to double the money supply and achieve a 2 percent inflation target at the “earliest possible time, with a time horizon of about two years.” BOJ governor Haruhiko Kuroda described the scale of monetary stimulus as “large beyond reason,” but said the inflation target would remain out of reach if the central bank stuck to incremental steps. “We’ll adjust without hesitation if need be, while monitoring economic and price conditions,” he said. The BOJ is joining the U.S. Federal Reserve and other major central banks in soaking the economy in money in hopes of getting corporations and consumers to begin spending more in a virtuous cycle that would put growth back ...
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Fed Likely to Stick to Low-Rate Message This Week
WASHINGTON — When the Federal Reserve meets this week, it’s likely to affirm a message it intends to help lift the economy: that consumers and businesses will be able to borrow cheaply well into the future — even after unemployment has dropped sharply. Last month, the Fed signaled for the first time that it will tie its policies to specific economic barometers. It said that as long as the inflation outlook is mild, it could keep short-term rates near zero until unemployment dips below 6.5 percent from the current 7.8 percent. That could take until the end of 2015, the Fed predicted last month. The Fed’s guidance was designed to give consumers, companies and investors a clearer sense of when super-low borrowing costs might start to rise. Though some key sectors of the economy are improving, analysts think the Fed still feels more time is needed for low rates to spur borrowing, spending and economic growth. One reason is that many Americans remain anxious about the budget impasse in ...
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Fed's latest actions to boost growth, prevent inflation: Evans
HONG KONG - The Federal Reserve's decision last year to tie monetary policy to specific economic conditions should help boost the recovery without letting inflation take hold, a top Fed official and chief architect of the policy said on Monday.
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