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World Economy

  • The surge in emerging market lending has come to a halt and may now give way to financial market turmoil and a global economic downturn, BIS warns. The FT reports.

  • China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan.

  • Argentine peso bills

    Argentina has offered to pay about $6.5bn in cash to US holdouts, in an attempt to put an end to a decade-long legal dispute, the FT reports.

World Markets

Europe: Economy

  • Greek Parliament

    Anastasia Kastaniotou, a struggling mother of three, stood near the Greek Parliament building on Wednesday and threw up her hands as she contemplated an €11.5 billion austerity package that her country’s government was trying to tie up this week to keep Greece in the euro, the New York Times reports.

Asia Economy