Debt accumulation and default occur in cycles,says Carmen Reinhart The sample includes 125 countries. The 1934 defaults on official debt to the U.S. and U.K. governments (mostly WWI debt) are not incl...Read More
“Value for money” characterises European markets Value consumer electronics and household goods are among reliable European sectors for Hong Kong suppliers, despite the EU sovereign debt c...Read More
US rate rise could trigger global debt crisis, watchdog warns It estimated that capital outflows from China reached US$ 109 billion in the first quarter, a foretaste of what may have happened in Augus...Read More