ABU DHABI / GULF TIME As December settles over Abu Dhabi, Taparelle embraces the season …
Read More »Beware the weak debt tail wagging emerging markets
It’s not often that the International Monetary Fund (IMF) warns of a risk to global financial stability at its spring meeting in Washington, and almost immediately evidence jumps out of a bank earnings report in Mumbai. That’s what happened on Wednesday. The IMF released analysis showing an alarming buildup of vulnerable corporate debt — the kind where operating profit …
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