WILL liquidity be the cause of the next great financial crisis? Recent problems in the obscure-sounding, but highly important, repo market may hint at the trouble to come. A repo, or repurchase agreement, is a short-term loan.
Thanks to favorable weather and record production from solar and wind power, renewable energy accounted for approximately 31 percent of Germany’s electricity generation in the first half of 2014. Non-hydro renewables made up 27 percent of the
THE American guillotine has fallen. After lengthy negotiations, prosecutors and regulators announced on June 30th the penalties they planned to impose on BNP Paribas, France’s largest bank, for evading American sanctions on doing business with Cuba, Iran
IS A university degree a good investment? Many potential students are asking the question, especially in countries where the price of a degree is rising, as a result of falling government subsidies. Recent research suggests that the
GOVERNMENTS have a long history of borrowing abroad and not repaying their debts. The first recorded sovereign default was in the 4th century BC when ten Greek cities failed to honour loans from the temple of Delos.
JAPAN’S banks came through the financial crisis relatively unscathed, largely because they had steered clear of the sort of toxic assets that caused their American and European counterparts such trouble. But the Financial Services Agency (FSA), their
IT IS hard to think of an industry in which competition is more important than pharmaceuticals. As health-care costs rocket, the price cuts—often of 85% or more—that generic drugs offer are one easy way to economise. Ibuprofen
UNTIL the global financial crisis, central banks treated bubbles with benign neglect: they were hard to detect and harder to deflate, so best left alone; the mess could be mopped up after they burst. No self-respecting central
Following the bulk of western reporting on the Iraq crisis, you’d think the self-styled ‘Islamic State of Iraq and Syria‘ (Isis) popped out of nowhere, took the west completely by surprise, and is now rampaging across the