The Chinese government’s push to clean up local government financing may double the balance of non-performing loans at the nation’s banks, the 21st Century Business Herald reported today, citing an unidentified commercial bank official.
(The following press release from the Liberal Democrats was received by e-mail. The sender verified the statement.) Conservative Liberal Democrat coalition agreements Wed, 12 May 2010 Agreements between the Liberal Democrats and the Conservative Party was reached May 11, 2010. This document sets out agreements reached between the Conservatives and Liberal Democrats on a range of issues. These are the issues that needed to be resolved between us in order for us to work together as a strong and stable government. It will be followed in due course by a final Coalition Agreement, covering the full range of policy and including foreign, defence and domestic policy issues not covered in this document. Deficit Reduction The parties agree that deficit reduction and continuing to ensure economic recovery is the most urgent issue facing Britain. We have therefore agreed that there will need to be:
An academic tussle has rekindled debate over one of the most important economic questions of our time: Are the governments of the developed world -- and particularly the U.S. -- taking on too much debt? There’s no definitive answer, and we’re no fans of austerity in the current economic environment. But it doesn’t take a Nobel laureate to understand that we should be worried.
Three brawling Illinois Democrats are presiding over a fiscal muck that has made the state the new archetype of dysfunction as longtime champion California last week projected its first surplus in a decade.
RBC Capital Markets , the top arranger of Canadian government-bond issues for seven years, saw its market share fall to its lowest level since 2007 as National Bank Financial gained on higher sales outside Quebec.