G20 proposes buffer to end too big to fail banks

(Reuters) – The world’s biggest banks should hold a buffer ofbonds in case of a collapse so that government bailouts are avoided, a global regulatory body proposed on Monday. The draft rule is the last major piece of banking reform put forward by world...

Investor confidence in the Irish economy rises to four-year high

Sentiment toward the Irish economy is at a four-year high with 91 per cent of investors confident about the outlook over the next three months, a new survey showed. This was up from 82 per cent at the end of June and an all-time low of 10 per cent recorded in the...

Japan’s Trade Deficit Edges Up

TOKYO—Japan’s trade deficit edged up in September despite a rebound in exports helped by a weaker yen and a surge in output among suppliers of Apple Inc.’s new smartphones. The latest figures, released Wednesday by Japan’s finance ministry, again demonstrate the mixed...

Cheaper oil – Both symptom and balm

AFTER declining gradually for three months, oil prices suddenly tumbled almost $4 on October 14th alone. It was the largest single-day fall in more than a year and brought the price of Brent crude, an international benchmark, to $85 a barrel. At its peak in June, a...

Global shares decline on world economic growth concerns

Asian shares were off session lows but still nursed losses amid a selloff in global equities on Thursday, as heightened concerns about world economic growth sent US Treasury yields down and Japanese stocks tumbling. MSCI’s broadest index of Asia-Pacific shares outside...