Bloomberg China’s central bank urged investors not to focus too much on short-term concerns and said the diverging pace of credit expansion doesn’t mean monetary policy is losing steam. July credit growth slowing to a two-year low was a distortion and the reports for August and September will show it rebounding, the People’s Bank of China (PBC) said in …

  London / Bloomberg Big investment banks with their European headquarters in London will start the process of moving jobs from the UK within weeks of the government triggering Brexit, a faster timeline than their public messages of patience would imply, according to people briefed on the plans being drawn up by four of the biggest firms. Dismayed by the …

  John Maynard Keynes wrote in 1930 that “if economists could manage to get themselves thought of as humble, compe tent people on a level with dentists, that would be splendid.” Almost a century later, he’s getting his wish. Economists tend to be a grandiose bunch. They advise presidents and billionaires. They are generally unashamed about offering semi-professional opinions on …