Eldayag Mustafayev

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'It looks like a real problem': 16% of Britain's poorest households are falling behind on debt repayments

LONDON — Most of Britain's consumer debt pile is manageable, but poor households falling behind on bills and debt repayment represent a growing cause for concern.<p>That's according to a report by the Institute for Fiscal Studies, which found that Britain's poorest households appear to be struggling …

Personal Finance

How neoliberalism left a toxic legacy | Letters

Readers respond to Stephen Metcalf’s article Neoliberalism: the idea that swallowed the world<p>Reading your long read on liberalism, it crossed my mind that Friedrich Hayek must be turning in his grave (The big idea that defines our era, 19 August). Neoliberalism has demolished Hayek’s theory of …

Financial Services

The Limits of 'Made in America' Economics

Trump's widely anticipated steel tariffs are likely to end up hurting the heartland.<p>The White House has branded this, the 29th week of the year, “Made in America” week. As part of the week, administration officials are promoting American products and outlining a strategy to roll back the North …

The signs stocks could be heading for a fresh crash

Since the immediate aftermath of the Brexit vote, the FTSE 100 has rallied 23 per cent, rising more than 3 per cent so far this year, while the Dow …

Econometer: Will trade deal between Japan-EU hurt U.S.?

<b>Question:</b> Will the U.S. suffer economically from the recent trade deal between Japan and<p>European Union?<p><b>Phil Blair, Manpower</b><p><b>YES:</b> The U.S. suffers any …

Fed Chair Says the Economy No Longer Needs the 'Extraordinary Support' From Central Bank

Economists foresee at least one more interest rate hike this year.<p>Federal Reserve Chair Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year.<p>In her semiannual …

Federal Reserve

Central banks are ending policies like QE – but they'll be back | Nouriel Roubini

When the next recession strikes, advanced economies will have no choice but to resort to unconventional monetary policies again<p>Financial markets are starting to get rattled by the winding-down of unconventional monetary policies in many advanced economies. Soon enough, the Bank of Japan (BOJ) and …

What China's $1 Trillion New Silk Road Spells for Fashion

Beijing’s 'One Belt One Road' is a highly ambitious attempt to shake up the global economic order with major implications for the fashion</b> …

Trump wants to cut bilateral trade deals, but what if nobody comes to the table?

In his first swing through Europe as president, Donald Trump left little doubt that he would pursue his "America First" policy in economic relations, creating a stir by denouncing Germany's trade surplus with the U.S. and promising to end it.<p>"The Germans are bad, very bad," Trump was quoted as …

Economy

The Danger Of Deflation Still Looms Over Japan

According to Japan’s GDP figure for the first quarter of 2017 (released on May 18), the Japanese economy has grown by an annualized real rate of 2.2%. Most welcome this as the country’s longest economic expansion in 11 years.<p>Don’t be fooled by this figure.<p>It is actually a warning sign for Japan’s …

Most major Western leaders to skip China's New Silk Road summit

Only one leader of a big Western country is attending China's most important diplomatic event of the year, a summit next month on President Xi Jinping's New Silk Road strategy, as China's foreign minister denied it had been snubbed.<p>Xi has championed what China formally calls the "One Belt, One …

Weighing The Week Ahead: What The Trump-Xi Meeting Means For The Economy

We have a big economic calendar and potential Fed news. Those stories will take a back burner this week. My safest prediction is that we are about to …

Free-Floating Yuan Still a Pipe Dream for Analysts Seeing Difficult Path Ahead

Those holding out for the yuan to join the free-float party are in for a wait -- a very long one, by Societe Generale SA’s best estimates.<p>The first …

Indonesia: 8,000 Islands in a Sea of Trouble?

The Indonesian archipelago is a place of relative calm in a restive neighborhood. To its north, China and its neighbors are disputing Beijing’s …

In Duterte's Davao, China's vice premier prioritizes deals over disputes

MANILA (Reuters) - Chinese Vice Premier Wang Yang met Philippine President Rodrigo Duterte’s in his home city on Friday, becoming the most high-profile visitor from Beijing since two countries long at odds sought to chart a new course in relations.<p>Philippine President Rodrigo Duterte greets Vice …

China

Goldman's Song Sees Risk of Overheating Chinese Economy

Goldman Sachs Chief China Economist Song Yu weighs in on China's economy and reforms. He speaks on "Bloomberg Markets." (Corrects guest's surname in …

Measures planned to develop exports - Business

China will adopt fresh measures-such as encouraging more multinational Chinese companies to be formed and actively managing any friction created over …

China

China's economy is at the mercy of a force completely beyond its control

The course of this path could mean strange and terrible things are in store for economies around the world. A slower, weaker Chinese economy — and the resulting weakness of the yuan — will create competition for other developing-market exporters in a race to the bottom.<p>This is a moment many China …

Technology killed manufacturing jobs; trade is what will bring their replacement

Welcome to the new world order. After years of liberalization, globalization is in retreat. Populist political victories and backroom deals to<p>strongarm encourage firms to keep manufacturing jobs at home are our new realities.<p>One could argue the revolt is deserved. Proponents of globalization …

Economics