Tag: central banks
China’s Central Bank to Consolidate Power in Former Deputy Chairman Pan Gongsheng
The Chinese authorities are set to consolidate command of its central bank, the People’s Bank of China...
Business Is Still Booming for One Industry: Superyachts
Even as the world’s equities markets have posted one of the worst performing years on record thus far...
Governments Hemorrhaging Foreign Reserves as Geopolitical Tensions Strain Global Economy
Governments and central banks are burning through their cache of foreign reserves at an unprecedented...
Panic at the Fed: Interest Rate Increases Coming as Inflation Soars
On Wednesday Dec. 15, the Federal Reserve (Fed) lifted its forecast for U.S. inflation in 2022 to 2.6...