Jun 13, 2012

Signs of a slowdown in China

The People’s Bank of China on June 7 lowered banks’ one-year lending rate by a quarter percentage point to 6.31 percent and one-year deposit rate by the same margin to 3.25 percent — the first full-scale monetary easing by China since a similar move ...

Dec 22, 2010

Reviving the West is key

by Gordon Brown

LONDON — In 2008, at a time of financial peril, the world united to restructure the global banking system. In 2009, as trade collapsed and unemployment rose dramatically, the world came together for the first time in the Group of 20 to prevent a ...