Central bank chief says debt and inflation can now be tackled, as new government takes shape
Lebanon has taken a major step towards resolving its economic ills following a deal reached late May by rival Lebanese leaders to end 18 months of political conflict that had pushed the country to the brink of civil war, the country’s central bank chief has said.
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Mexican engineering company Oceanografia paid through the roof for a $335m bond this US holiday week amid torrid market conditions that prompted the retreat of fellow high yield Latin American issuers.
The US subprime crisis bears many similarities to East Asia’s financial meltdown a decade ago. But the divergent response to both shows up the hypocrisy of rich countries and the Washington multilaterals alike, argue Homi Kharas and Johannes Linn
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