More central banks meet, but ability to pilot economies in doubt

LONDON (Reuters) - Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much.

China Has a Massive Debt Problem

China has a $28 trillion problem. That’s the country’s total government, corporate and household debt load as of mid-2014, according to McKinsey & Co. It’s equal to 282 percent of the country’s total annual economic output.

Americans still don't trust the stock market

More than five years after the financial crisis, the average American is still wary of the stock market, according to a survey released Monday.

Turkey crisis sends lira to new low as investors spooked

Istanbul (AFP) - The Turkish lira touched a new low against the dollar and shares also slid on Thursday, under pressure from a corruption scandal roiling the government.

Roubini, The Oracle Of 2008, Sees No Bubbles In The U.S. Financial Markets

The brilliant Nouriel Roubini, the swashbuckling NYU economist who predicted the disastrous credit and housing bubble in the U.S. during 2008, told me yesterday he sees “frothiness” not a bubble in some sectors of the U.S. bond market and in the housing markets of 17 foreign nations like Switzerland, Sweden, Norway, Hong Kong, Indonesia, China and Brazil that could become “outright bubbles” someday if they are not reigned in.

China central bank injects funds, eases fears of repeat cash crunch

SHANGHAI: China's central bank injected funds into money markets via open market operations on Tuesday for the first time since February, easing fears of another cash crunch ahead of the month end after a severe cash squeeze in June caused market panic.

Markets firm despite ongoing US budget concerns

LONDON (AP) — Stock markets rose on Tuesday as investors hoped U.S. leaders would eventually thrash out a budget deal needed to keep a slew of tax increases and spending cuts from hitting the world's largest economy.