Thirty-five years ago this month, a U.K. central banker by the name of Peter Cooke was worrying about a surge in lending to developing countries.
A global consumer revolution is set to take off amid an unprecedented expansion of the middle class.
The size of the world economy will triple over the next four decades as emerging-market economies wield increasing power, HSBC Holdings Plc said.
As the Tunisian dictator Zine el Abidine Ben Ali discovered in January, there is no surer route to political oblivion than to deny people access to affordable food.
Bank of England official Simon Wells, who led a team analyzing British economic data, resigned to join HSBC Holdings Plc, two people with knowledge of the matter said.
The era of easy money is shaping up to keep going into 2014.
Wheat may be the best-performing agricultural commodity in the second half as lower shipments from the Black Sea region create “ripple effects” that support prices, Barclays Capital said.
Investors are betting with Ben S. Bernanke that surging food and energy prices won’t accelerate U.S. inflation, allowing him to maintain easy money.
U.K. jobless claims probably fell for a second month in March as the economy’s recovery gathered pace before the general election due in two weeks.
"This is bad news for the global economy."
- Karen Ward on Jun 25, 2014