Eight men hold the wealth of half the planet: Oxfam

Jan 16, 2017

Eight men hold the wealth of half the planet: Oxfam

The gap between the superrich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday. ...

China makes awkward free trade champion, experts say

Jan 12, 2017

China makes awkward free trade champion, experts say

As the biggest beneficiary of globalization, China stands ready to proclaim itself the champion of free trade in the face of a more protectionist U.S., but analysts say Beijing’s attitude is much more one of pick and choose. Since Donald Trump was elected on ...

IMF's Lagarde says markets need clarity on China currency

Jan 23, 2016

IMF's Lagarde says markets need clarity on China currency

Financial markets need more clarity on how the Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Asked at a panel discussion in Davos whether she would back capital ...