HONG KONG — The second-highest official in Hong Kong said Wednesday that the government was reviewing a proposed rule change that had triggered a groundswell of worry among global banks, accounting firms, investors and media companies who fear the loss of a powerful tool against corruption in China.
Showing posts with label global banks. Show all posts
Showing posts with label global banks. Show all posts
Friday, January 18, 2013
Friday, July 29, 2011
Global slump warnings if US triggers 'insane' default
A chorus of global banks has warned that Washington risks triggering a global slump and may suffer permanent loss of credibility by flirting with default on America's $14.3 trillion (£8.8 trillion) federal debt.
The dangers are almost as great if the US fails to lift the debt ceiling and avoids default by enacting the most drastic fiscal squeeze in modern history.
The dangers are almost as great if the US fails to lift the debt ceiling and avoids default by enacting the most drastic fiscal squeeze in modern history.
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