The world’s central banks are increasingly employing a controversial method to stimulate economic growth: negative interest rates. I’m convinced that this can be a valuable tool, but its power depends a lot on how it’s used. First, some context. A bond that promises to pay $1,000 in a year’s time is said to have a negative interest rate if ...

  Yuki Tatsumi SPECIAL TO EMIRATES BUSINESS On June 9, a Chinese People’s Liberation Army Navy (PLAN) frigate sailed near Senkaku Island. Although the naval vessel stayed in the contiguous zone, and therefore did not enter Japan’s territorial waters, this is the first time that a PLAN vessel came this close to the Senkakus, which are also claimed by China ...

  AFP Will he stay or will he go? That’s the question gripping India as speculation whirls about the future of central bank chief Raghuram Rajan, dubbed ‘rock star’ and ‘James Bond’. Rajan’s three-year term as Reserve Bank of India (RBI) governor ends in September and the Indian media is abuzz with predictions about whether he will be given a ...