China's economy expanded last year at 7.8pc - its slowest pace in more than a decade - and recent data has fuelled concerns that any rebound in the country's growth is losing steam. However, the OECD was upbeat, predicting in a new survey of China's prospects that the...
Finance
Moody’s Downgrades Chicago’s Motor Fuel Debt
Moody's Investors Service has downgraded to A3 from Aa3 the rating on the City of Chicago's (IL) $181 million of outstanding rated motor fuel tax debt. The outlook has been revised to negative. via Moody's. Surprises no one. Barely qualifies as news actually. The...
SEC Hits Illinois with Securities Fraud Charges
Illinois broke federal securities laws in misstating the true health of the state's depleted pension funds when going out onto the bond market between 2005 and early 2009, the Securities and Exchange Commission announced Monday. ... The finding of securities fraud...
Druckenmiller: Old Stealing From Young
Druckenmiller, who is known to be media shy, told Bloomberg TV that he sees "a storm coming, maybe bigger than the storm we had in 2008, 2010" and it has to do with a demographic bubble. "But the demographic storm is just starting now. It reminds me of '05 when people...