GLOBAL inflation has remained stubborn, despite unprecedented action by central banks, leading to a debate on the underlying causes of inflation and the effectiveness of conventional tools to tackle it.Contrary to the belief…
Chinese President Xi Jinping chairs a symposium on advancing the integrated development of the Yangtze River Delta and delivers an important speech in east China's Shanghai, Nov. 30, 2023.Xinhua News Agency | Xinhua News Agency | Getty…
BRUSSELS (Reuters) - France is determined to reach a deal on new EU fiscal rules by the end of the year, France's Finance minister Bruno Le Maire said on Friday, adding the rate of agreement on this deal had now reached 95%."If there is…
Investors are warning governments to expect much higher borrowing costs over the coming years, in a shift that will pinch public finances and constrain states’ ability to respond to crises.Despite a recent rally, government bond prices…
New Jersey’s public worker pension fund gained more than $5 billion in market value in the fiscal year that ended June 30, lifting its total value to about $91.4 billion as it continued to rebound from heavy losses in 2022.That amounted…
Contributions jumped 11.8% (more people working, big pay increases). Outgo jumped 12.0% (more people at retirement age and the 8.7% COLA).
By Wolf Richter for WOLF STREET.
Total income from all sources jumped by $111 billion from…
The Japanese government must dispel market perceptions that its fiscal policy is reliant on the Bank of Japan's bond buying, Finance Minister Shunichi Suzuki said Tuesday, adding that fiscal reconstruction must be…