China risks making ‘big mistakes’ with crackdown: Ex-IMF chief economist

The former chief economist of the International Monetary Fund has said that China risks making “big mistakes” as it cracks down on large swathes of its economy from technology to tutoring and real estate. “I’m very concerned about China because it is somewhat attacking the basis of its growth so far,” Raghuram Rajan said in … Read more

Wall Street rally, currencies and oil

SINGAPORE – Stocks in Japan looked poised for a positive start on Friday after overnight gains on Wall Street as the S&P 500 jumped nearly 2%. The Nikkei 225 index futures contract in Chicago was 28815 while its counterpart in Osaka was 28810. This compares with the last close of the Nikkei 225 index at … Read more