Debt is a function and a fixture of any working economy. Governments borrow to fund spending on things like roads, hospitals, and schools, as well as to fund promises like tax cuts. Debt-to-GDP ratios around the world have increased in recent years as governments take advantage of historically low interest rates to pile up cheap […]

CNBC It’s nearly the 10th anniversary of Jim Cramer’s epic “they know nothing!” rant about bank illiquidity on CNBC, so we’re looking at what’s changed since then. It’s not good. US corporate debt may be so high that it’s a threat to global stability, according to the IMF. The UK has high unsecured consumer debt […]

Borneo Oil Berhad (BornOil) has posted an impressive set of results for the third quarter of its current year with revenue and profits jumping to unprecedented levels. In an announcement to Bursa Malaysia, the company announced that it had posted net profit of RM21.63 million, a four-fold increase from the RM5.26 recorded in […]

Reuters A delegate from an ethnic minority group uses binoculars during the second plenary session of the National People’s Congress (NPC) in Beijing March 9, 2009. REUTERS/China Daily (CHINA POLITICS SOCIETY) CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA Money is flowing out of China again. Spurred on by a strengthening dollar and weakening […]

Qatar Airways Qatar Airways’ first flight welcomed by water cannons to Atlanta. Qatar Airways’ inaugural flight to Atlanta this week wasn’t just the airline’s first trip to the world’s busiest airport. It was a foray right into the backyard of its most vocal critic. For the past two years, Qatar Airways and Atlanta-based Delta Air […]

REUTERS/Suzanne Plunkett Some of the Lewis Chessmen, which are made from walrus ivory and whales’ teeth and were discovered in 1831 on the Isle of Lewis in the Outer Hebrides. The long, grinding economic slowdown in China is coming to a head, and the country has entered a “zugzwang,” according to Barclays analysts Ajay Rajadhyaksha […]