Bloomberg A senior official at China’s central bank said companies may be falling into a ‘liquidity trap’ and that the government still has room for to expand the fiscal deficit. Signs of a liquidity trap, economist-speak for when central bank cash injections into the economy fail to spur growth as monetary policy loses potency, are showing in businesses and ...

  MANILA / AP The Asian Development Bank said on Monday it had cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6 percent, down from its earlier forecast of 5.7 percent, but added that the economies’ performance will remain solid and help offset softness from the US economy and near-term market shocks from Britain’s ...

  Bloomberg London homebuilders are offering to pay sales taxes, gift 20,000 pounds ($26,800) of furniture and the chance to win a free parking space as Britain’s vote to leave the European Union damps demand. Brexit will damage the UK economy and residential property values in London could fall by more than 30 percent, Societe Generale SA analysts including Marc ...