At her most recent press conference in December, Federal Reserve Board Chair Janet Yellen had this (abbreviated) exchange with ABC News reporter Rebecca Jarvis. Jarvis: Historically, most economic expansions fade after this long. How confident are you that our economy won’t slip back into recession in the near term? Yellen: … I think it’s a myth that expansions die of …

The UK has never been so divided as it is now over a controversial deal struck by British Prime Minister David Cameron with the European Union regarding the UK’s future relationship with the EU. Cameron thinks the agreement has given the UK a “special status”. The UK is almost evenly split over Brexit. The latest opinion poll, by TNS, found …

The last surge in growth in China, taking place in the wake of the Global Financial Crisis, was fueled by risky lending and high levels of investment. The fallout from that lending was high debt, often nonperforming loans, and slowing growth. At present, China’s public and private debt-to-GDP ratio weighs in at 232 percent, higher than in most countries at …

The CFA Institute in its annual sentiment report surveys individual and institutional investors to determine what they are anxious about. You might be surprised to learn that about one-in-three is greatly concerned about another 2008-09 type financial crisis: Investors revealed a growing anxiety about the state of global finance. Almost one-third of investors feel that another financial crisis is likely …

RIYADH / Bloomberg JLL, the world’s leading real estate investment and advisory firm, has released its inaugural ‘2016 Top Trends for KSA Real Estate’. Modelled on similar JLL reports in other markets, the KSA Top Trends will be an annual report which will assess and forecast the major trends which are likely to impact and shape the KSA real estate …

NEW YORK / Bloomberg The total cost of the World Trade Center rebuilding project will come in at the lower end of the $14.8 billion to $15.8 billion range projected four years ago, a Port Authority of New York and New Jersey official said. The cost estimate was contained in a 2012 report commissioned by the agency’s board as it …

London / Bloomberg China’s Ministry of Finance said it will cut taxes on home transactions as it steps up support for the property market, after the central government eased mortgage down payment requirements to the lowest level ever earlier this month. China will set the deed tax at 1.5 percent of the home’s value for first residences bigger than 90 …

Bloomberg Yandex NV agreed to buy its Moscow headquarters after surging rent payments that are linked to the U.S. dollar curbed profits as the local currency lost half of its value in the last two years. The company, which operates Russia’s biggest search engine, will finance the purchase of seven buildings from Cyprus-based Krasnaya Roza 1875 Ltd. by issuing 12.9 …

Rio De Janeiro / Bloomberg Some of the luxury apartments built in anticipation of the 2016 summer Olympic Games are at risk of being left unsold as the housing market deteriorates in Rio de Janeiro, Mayor Eduardo Paes said in an interview. Developers will have a hard time selling units at the 31- building Olympic Village, known as Ilha Pura, …

Bloomberg Fifty-six years ago, Harper Lee wrote her first novel, which turned out to be one of the greatest literary works of the 20th century. To Kill a Mockingbird’s revelation that in the South—or rather, in America—a black man could lose his life over a crime he clearly didn’t commit, resonates today just as it did when it was first …