China injects $25 billion into banking system during Evergrande crisis

HONG KONG (BLOOMBERG) – China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets. The People’s Bank of China (PBOC) pumped 120 billion

Mitigating risks that will emerge from OECD's global tax plan

SINGAPORE – Unprecedented worldwide stimulus support in 2020 has dramatically inflated public debt and governments are now determining how to pay this down by adjusting their tax collection regimes. An Aon study this year noted that among tax-related anxieties, the

Colorados richer enclaves make it a leader in wealth disparity

When prospectors came to Colorado searching for gold and silver, a lucky few found their riches, while many others settled down and found jobs instead. Old mining towns are again enclaves of wealth, not from their mines, but because they

Delta variant knocks wind out of Asia's economic recovery

TOKYO (REUTERS) – Asia’s robust economic recovery from last year’s coronavirus low is losing momentum as a surge in Covid-19 cases sees shops empty again and factories close, dimming prospects for corporate profit growth after a blockbuster half year. The

COLUMN-Foreigners may temper the taper: Jamie McGeever

(The opinions expressed here are those of the author, a columnist for Reuters) ORLANDO, Fla., Aug 20 (Reuters) – Conventional wisdom holds that central banks tapering their bond purchases will push bond yields higher – but recent U.S. and UK

China approves renewable mega-project for green hydrogen

SINGAPORE (BLOOMBERG) – The Chinese region of Inner Mongolia has approved a massive power project that will use solar and wind to produce green hydrogen. Inner Mongolia’s Energy Administration has given the go ahead to a cluster of plants in