Global economy faces $19tn corporate debt timebomb, warns IMF

Update on markets lists eight leading countries, including US, China and UK, as vulnerableLow interest rates are encouraging companies to take on a level of debt that risks becoming a $19tn (£15tn) timebomb in the event of another global recession, the…

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The Federal Reserve must be honest about Trump’s trade war

US central bank risks reputation with Americans if it pulls its punches with the White HouseWilliam Dudley, the immediate past president of the Federal Reserve Bank of New York, recently stirred up a hornet’s nest when he called for the Fed to consider…

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