Former Fed chief Paul Volcker, inflation slayer, dies at 92

Business Dec 10, 2019

Former Fed chief Paul Volcker, inflation slayer, dies at 92

Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died Monday at the age of 92, according to his daughter, Janice Zima. Volcker, ...

BOJ policymaker calls on banks to downsize for profitability

Business / Economy Dec 5, 2019

BOJ policymaker calls on banks to downsize for profitability

A Bank of Japan Policy Board member urged banks Thursday to downsize in number and asset holdings to become more profitable, pointing to structural factors, rather than the BOJ's easing policy, as being behind the deterioration in their profitability. In a speech to business leaders ...

Chinese inflation rate highest rate since 2012

Business Nov 9, 2019

Chinese inflation rate highest rate since 2012

China's consumer prices grew at their fastest rate in almost eight years in October driven by a spike in pork prices caused by an outbreak of African swine fever, according to official figures released Saturday. The consumer price index (CPI) — a key gauge of ...