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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IMF warns there is ‘limited ammunition’ to fight recession

Fund cuts world growth forecast as central banks battle impact of protectionism•The Tories have got IMF cover for their plan to borrow and spendThe world’s central banks are wasting scarce ammunition in an attempt to compensate for policy blunders that…

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Libra: will Facebook’s new currency be stopped in its tracks?

Visa, Mastercard, PayPal and eBay have withdrawn as sponsors – and it may face regulatory problemsPlans for Facebook’s proposed “stablecoin,” Libra, appear to be unravelling with the withdrawal of PayPal, Visa, Mastercard, Stripe, eBay and Mercado Pago…

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Financial leaders must prepare for risks such as Brexit, says regulator

Financial Stability Board says countries should be prepared for global economic downturnGlobal authorities gathering in Washington this week must stand ready to address emerging risks including a global economic downturn and Brexit, the leading body fo…

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