China continued to have room to increase government spending to prop up the economy, but it was unclear just how much, the country’s finance minister said on Monday. Speaking at a news conference during the annual session of China’s parliament, finance minister Lou Jiwei said fiscal income would slow in future, but China continued to have
The most recent US earnings announcements might catch the investment world’s attention this week, but one headline that did not seem to gain much press time was that made by the Chinese, with respect to their mortgage-backed securities market. The Chinese government agreed this week to allow banks to tap the debt market, by packaging
In the EU President José Manuel Barroso’s annual state of the union address this week in Strasbourg, he warned that political instability was now the biggest threat to Europe’s fitful recovery from the three-year-old Eurozone crisis. He stated that governments are still at risk of punishment from the financial markets if they veer from the
