by Harvard Zhang | Jul 20, 2016 | Business & Tech
WASHINGTON — The European Union probably won’t try to wrest a lucrative financial clearinghouse away from London anytime soon, but the euro-denominated business could eventually be moved to the continent, a top EU official says. Valdis Dombrovskis, the new financial...
by Xuanyan (Iris) Ouyang | Jul 14, 2016 | Business & Tech, Topics
WASHINGTON — The credit bubble in China may not deal a direct blow to the American economy, but its side effects could be troubling, experts said at a Senate hearing Thursday. “Those earlier crises would all suggest that the current Chinese credit bubble will not end...
by Harvard Zhang | Jul 14, 2016 | Business & Tech
WASHINGTON — China is likely to fall into the same economic trap as Japan did to muddle along with sluggish growth as it hesitates to deal with the overcapacity and excess debt issues, economists told a Senate hearing Thursday. A further slowdown in the Chinese...
by Katie Murar | Jul 13, 2016 | Business & Tech
WASHINGTON — Businesses are pushing back at Obama White House proposals aimed at eliminating corporate inversions, a controversial strategy in which companies merge with foreign firms to escape higher U.S. corporate taxes. At an event in Washington, tax experts...
by Harvard Zhang | Jul 12, 2016 | Business & Tech
WASHINGTON — Puerto Rico Governor Alejandro Garcia Padilla suggested Tuesday the commonwealth’s central government may not be able to borrow from the $3.7 trillion municipal bond market any time soon, as the uncertainty of restructuring the island’s $70 billion debt...
by Harvard Zhang | Jul 11, 2016 | Business & Tech
WASHINGTON — A top economic adviser to President Barack Obama Monday said Congress should reform unemployment benefits to protect workers in the event of another recession. Jason Furman, chairman of the White House Council of Economic Advisers, stressed the importance...
