Obama, Xi, Putin and Abe will have much to disagree about when they meet with other national leaders in Beijing next week. The host city’s odd theatrics add to the awkwardness. But the fact that top people from around the Pacific want to show a united front helps keep the peace.
The Bank of Japan is cranking up its bond-buying just as the Federal Reserve winds down. But even the Japanese central bank is becoming more sceptical of quantitative easing. If 2 percent inflation proves elusive, the BOJ will need even bolder policies - or to throw in the towel.
Our alternative growth index hit its lowest levels since April 2009 last month. Housing investment is leading the downturn with the slowest pace of growth in over two years. In the past, more bank lending was seen as the answer. This time, it doesn’t seem to be helping at all.
The Australian lender plans to offload its Clydesdale unit after years of disappointing results. The improving British economy makes that a possibility. Even then, NAB needs stock markets – or prospective buyers – to play ball. And it will remain on the hook for past misconduct.
The democracy debate is dividing the city. For companies, keeping quiet is less risky than expressing an opinion that could irk customers, staff, or Beijing. It’s even harder for employees who must tread the blurry line between free speech and representing corporate interests.
The largest U.S. theater group is considering a sale. Rival AMC is flush after being acquired by China’s Wanda in September 2012 and relisting in late 2013. For Regal, keeping up may cost more than 47 pct owner Philip Anschutz is willing to spend. It needs its own AMC sequel.
Six years of money-printing in the United States have ended. The $4 trillion splurge may have averted a deeper slump. But for developing countries it fueled a credit binge while bringing only a fleeting boost to growth. Many will now struggle to boost output and repay the debt.