Australian Treasurer Joe Hockey said the gradual normalization of monetary policies as growth recovers in advanced economies is a “positive development” and a sign of growing confidence in the global outlook.
International Monetary Fund Managing Director Christine Lagarde backed Group of 20 chair Australia’s proposal to put a number on economic growth targets as the gathering shakes off its crisis-response group origins.
China’s stocks rose on their first day of trading after a weeklong holiday as rallies for technology and small-company shares overshadowed manufacturing and services data signaling an economic slowdown.
The Organization for Economic Cooperation and Development, in an effort to ensure that multinational companies pay their taxes, says it will publish a proposal focused on the digital economy in the next two months.
Entrepreneurs from Silicon Valley to Wall Street say they don’t care much for Bitcoin as a currency to supplant the U.S. dollar. As a payment technology they could use to undercut Visa Inc., Western Union Co. or Citigroup Inc., they say they like it a lot more.