by Gabriel Wildau One of the most influential analysts of China’s financial system believes that bad debt is $US6.8trn above official figures and warns that the government’s ability to enforce stability has allowed underlying problems to go unchecked. Charlene Chu built her reputation as China banking analyst at credit rating agency Fitch, where she was…
David Watts, Mary Scoutas, State Families and Children Minister Jenny Mikakos, Adam Mooney and Corrine Proske at the opening of Good Money Morwell. photo hayley mills Those under financial pressure in the Latrobe Valley and surrounds will now have access to a safe and affordable alternative payday lender with the official opening of Good Money…
Taking microfinance to the streets Last updated: 15 August 2017 A microfinance group is taking the fight for the financially vulnerable to the high streets. No interest loans allow people on low incomes to buy essential goods without getting into a debt spiral. Financial conversations allow money experts to give those in need…
The recent revelations of sexual harassment in tech and venture capital are shocking. Theres rightly been a lot of discussion in our industry about how to react to these stories and how to deal with the perpetrators. However, theres also a broader issue that seems to have received less attention the fact that many of…
* Graphic: Italy-Germany bond yield spread narrows to 159 bps * Expectations for Italy to grow 0.4 pct over previous quarter * Euro zone yields rise as U.S. Fed minutes loom * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds Italian growth data, graphic) By Abhinav Ramnarayan LONDON, Aug 16 (Reuters) – Italy’s bond yield…
China has a debt problem, and if it continues to place short-term growth goals ahead of managing longer-term financial stability risks, it runs the risk of suffering a sharp growth slowdown, or worse. Thats the latest assessment from the International Monetary Fund (IMF) who describes Chinas current credit growth trajectory as dangerous given the precedent…
You’ve seen them. Those sensational online profiles of people who accomplished massive goals that most of us can only dream of in a ridiculous amount of time. How This 30-Year Old Quit His Job and Became a Millionaire or How This Millennial Bought a Home in NYC on a $30k salary or How This Couple…
China’s consumers spend too little and its corporate sector spends too much. That’s the blunt message from the latest country report from the International Monetary Fund, which highlights a series of worrying, if not new, imbalances across the Chinese economy. In six charts the IMF lays out its case for why Beijing needs to act…
The Reserve Bank has warned construction activity could begin to decline as the number of residential building approvals falls from its peak in 2016. The message, released in the minutes of the central bank’s August meeting on Tuesday, comes a week after BIS Oxford Economics forecast a 31 per cent fall in the level of dwellings being…
The Department of Human Services signed three contracts with the CSIRO’s Data61 this year to help fix problems with its controversial Centrelink robo-debt data matching and debt notice program. CSIRO digital chief Dr Dave Williams had briefly indicated during June budget estimates that the science and research organisation was helping DHS look at “methodologies of…