Economy

Citadel’s Ken Griffin Fantasizes About Breaking up America’s Big Banks

Billionaire hedge fund manager Ken Griffin said he is encouraged by recent comments from U.S. officials that the government could

Hard Brexit fears hit pound ahead of May speech

LONDON : Britain’s pound fell on Monday as concern rose that the country is heading for a “hard” Brexit from

RBI relaxes cash withdrawal limit with immediate effect

MUMBAI : India’s central bank on Monday relaxed cash withdrawal limits from automated teller machines (ATMs) and current accounts with

Donald Trump warned German car companies with 35 pct U.S. import tariff

United States President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles

China’s Big Cities Target Slower Growth in 2017

Economic growth in some of China’s largest cities is expected to have slowed in 2016 and will continue to decelerate

Millennials Are Only Worth Half as Their Parents Were at the Same Age

Are millennials better off than their parents were at the same age? A new analysis suggests they aren’t. Advocacy group

Fed’s Rosengren calls for faster interest rate hikes

Boston Fed President Eric Rosengren on Monday called for the U.S. central bank to step up its pace of interest

Parliamentary committee to question RBI governor on cash crunch

MUMBAI : A parliamentary committee, probing the government’s decision to scrap high-value bank notes, has sent the country’s central bank

Fed’s Kashkari says he’s optimistic about bank plan under Trump

CHICAGO : Neel Kashkari, the president of the Minneapolis Federal Reserve Bank who wants to force U.S. banks to hold

Employment Growth Slowed in 2016

The jobs market, like the weather, cooled in December. Employers added fewer positions than expected in December, even as elsewhere