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Credit boom stokes risks in emerging marketsLoose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements warned on Sunday. Such a boom-and-bust cycle might have se More… |
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World banks vow to tackle inflationLeading central bank policymakers warned on Monday of the threat of resurgent inflation in fast-growing emerging economies and voiced their resolve to keep price pressures in check. Jean-Claude Trichet, speaking as chair of talks on the gl More… |
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Cbanks warn of new crisis if exit left too lateGovernments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs as side effects from measures prescribed to tackle the global recession may create the next crisis, the Bank for International Se More… |
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Global bank lending shrinks by $1.9 trillionInternational bank lending fell by almost $2 trillion, or 6 percent, during 2009 as the financial crisis continued to restrain credit through to the end of the year, according to the Bank for International Settlements (BIS) It said lending More… |
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Commodities, oil to stay high says BISMore expensive tastes in food and an insatiable economic thirst for oil in fast growing emerging markets are likely to keep commodity prices high, the Bank for International Settlement (BIS) said. Government subsidies for energy and biofue More… |
