Goldman Sachs Asset Management Chairman Jim O’Neill said conventional quantitative easing may not be enough for the U.S. and U.K. economies and more “targeted” policies are needed to boost confidence and growth.
Barclays Wealth, which manages $231 billion in client assets, reduced its estimate for this year’s gain in the Standard & Poor’s 500 Index because the chance of a slowdown in economic growth has increased.
As the only woman in her university class in Franco’s Spain, Elena Salgado remembers being singled out by a professor who doubted she could keep up with the male students. After making a point to the class, her professor would turn to her and ask: “And you, do you also understand?”
Spain approved the first public wage cuts since returning to democracy in 1978 and reduced its economic growth forecast for next year as the government tries to tame the euro region’s third-largest budget deficit.
Emerging-market stocks rose, with eastern European shares posting the biggest three-day rally in nine months, as faster-than-estimated growth in Europe’s economy and rising commodities eased concern exports will slow.