NEW YORK – Historic, game-changing, revolutionary: such has been the widespread reaction to the recent agreement by G7 finance ministers on a global minimum effective tax rate of “at least” 15% for large multinational firms
LONDON – China’s recently published census, showing that its population has almost stopped growing, brought warnings of severe problems for the country
NEW DELHI – Once again, emerging markets are on the capital-flows roller coaster – one no less dizzying for being so familiar. And once again, the highs and lows of financial-market swings in these economies are mostly generated by external forces, not national policies. But the possibility that even the smallest domestic mistake could send them into a tailspin still looms large
AUSTIN – In a recent commentary for The Washington Post, former US Secretary of the Treasury Lawrence H. Summers stated that “the consumer price index rose at a 7.5 percent annual rate” in the first quarter of 2021
NEW YORK – Slight increases in the rate of inflation in the United States and Europe have triggered financial-market anxieties. Has US President Joe Biden’s administration risked overheating the economy with its $1.9 trillion rescue package and plans for additional spending to invest in infrastructure, job creation, and bolstering American families?
Stock markets trade almost entirely electronically and many of Wall Street’s most valuable companies now provide data, technology and software to the big banks, private equity firms and hedge funds that execute the day’s big trades