BIS: Banks should hike rates

The annual report of the Switzerland-based entity (which has 56 members from apex banks across the world) wants a tighter global monetary regime.

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China: Local governments incurred $1.65 trillion debt

Almost half of this was gobbled up by vehicular finance.

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What do all financial headlines have in common?

Almost all of them get it wrong. The first shoe to drop could be China.

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