China's manufacturing industry produced less again in February, marking its fifth consecutive month of contraction.
Tag: Economy
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SPOTLIGHT: BIGS GET BIGGER
Walmart will pay $11.50 a share in cash, or about $2.3 billion, to buy Vizio, a California company that makes television sets.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s stock markets got a boost last week after banks made a larger-than-expected 0.25-percent cut to the five-year loan prime rate against which mortgage loan rates are benchmarked.
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SPOTLIGHT: BANKS GO BUST
A dramatic increase in late payments on commercial real estate (CRE) loans is sharply shrinking cash reserves that major U.S. banks have set aside to cover such losses.
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THE SYSTEM IS HYPERINFLATING
The world economy is not just grinding to a halt, it’s essentially dead. With that, global debt is surging higher at its fastest pace on record.
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SPOTLIGHT: BIGS GETTING BIGGER
Capital One bank will buy Discover Financial, the issuer of the Discover credit card, in an all-stock deal that will create a unified global payments system.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Chinese banks have cut their key mortgage interest rate by a quarter point, the largest single reduction ever, in a desperate attempt to revive the real estate market that, in the past, has accounted for more than 20 percent of the country’s GDP.
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ISRAEL INCREASES “FEES” ON PALESTINIAN AUTHORITY
Under the 1995 Oslo Accords, Israel collects various taxes for the benefit of Palestinians, then transfers that money to the Palestinian Authority (PA), which is a semi-autonomous governing body in the occupied West Bank.
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ARGENTINA’S INFLATION REACHES 254 PERCENT
Argentina’s inflation rate climbed to 254 percent in January, year on year, although the month-to-month increases have slowed recently, the government reported on 14 February.
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NATURAL GAS DEMAND TO GROW FOR THE NEXT 20 YEARS, SHELL SAYS
Annual demand for liquefied natural gas (LNG) will rise by 50 percent by 2040 according to global oil and gas company Shell.