The IMF has joined leading policy makers, major central banks, and global investors in raising the alarm over the buildup of corporate debt.
It said default rates are rising, while growth in “leveraged loans” with less protection for investors are now more than double the levels pre-financial crisis.
Excessive corporate leverage makes the global economy more vulnerable to negative shocks as central banks continue to tighten liquidity.
The buildup of risky debt in corporate credit markets has...
Good morning! This is the tech news you need to know this Friday.
The research firm Facebook hired to smear its critics has been pushing an anti-Apple campaign that has Qualcomm’s fingerprints on it. A New York Times story said Facebook had employed research firm Definers Public Affairs to spread potentially damaging stories about Facebook's critics, and it mentioned there is another technology client which is paying the firm to spread negative press about Apple.
Sheryl Sandberg responded to...
A mini Pacific Game of Thrones will be going down this weekend as Papua New Guinea plays host to 21 nations at the Asia-Pacific Economic Cooperation (APEC) summit in Port Moresby.
Australia and China in particular will be vying for influence and they already have the checkbooks out.
China's President Xi Jinping is already on the ground in Papua New Guinea for a state visit.
But Bridi Rice, the Director of Policy and Advocacy at the Australian Council of International Development and a former...
Mark Zuckerberg said he has no intention of stepping down as Facebook chairman.
That's despite fresh calls from investors to split his dual role as CEO and chairman after an explosive New York Times investigation into Facebook's crisis management.
Zuckerberg shifted the focus to other initiatives, including creating an independent body to help Facebook make decisions about whether controversial content should be deleted.
Mark Zuckerberg is ignoring calls for his head.
A blockbuster New York...
Japan's Abe tells Putin he won't let US troops on long-disputed islands if Russia returns them to Japan
Shinzo Abe told Vladimir Putin the US won't be allowed to build military bases on four disputed Russian islands if they're given back to Japan.
The islands were taken by the Soviet Union in 1945 and Japan wants them back.
But post-war agreements between the US and Japan suggest the US can build military bases anywhere on Japanese soil.
The leaders were talking in Singapore on Wednesday and both committed to resolving the issue, the Asahi Shimbun reported.
Japanese Prime Minister Shinzo Abe...
The White House reportedly considered extraditing Fethullah Gulen, an influential cleric who Turkish President Recep Tayyip Erdogan blames for a 2016 coup, to stop Ankara's investigation into Jamal Khashoggi's death.
But a senior Turkish official on Friday said it wouldn't work, telling Reuters: "We have no intention to intervene in the Khashoggi investigation in return for any political or legal favor."
The White House denied looking into extraditing Gulen, though Turkey has several times...
A top economist warns Trump's China trade war is doing more damage to the US economy than people think
Seth Carpenter, the most senior US economist at UBS, says that the trade war is already having an outright negative impact on the US economy.
UBS expect that the tariffs will halve the speed of GDP growth in the world's largest economy this quarter.
They will also lead to the collapse of many small manufacturing firms, which have wafer thin margins, and will not be able to adapt to rising prices.
"We are outliers compared to the rest of Wall Street in terms of how big an effect the tariffs have...
GOLDMAN SACHS: These 17 companies are investing the most in their future — and buying their stocks now could lead to huge profits down the line
Companies that invest heavily in the future are generally able to generate outsized profit growth further down the line, and Goldman Sachs says these companies are already being rewarded.
The firm has identified the 17 companies that have been sinking the most money into future initiatives, which is positioning them to continue outperforming the market.
The old saying is that you have to spending money to make money.
That's abundantly true in the equity market, where companies that sink...
Sheryl Sandberg says she also didn't know about a Facebook smear campaign, as Mark Zuckerberg throws the firm's comms team under a bus
Facebook COO Sheryl Sandberg has responded to the bombshell New York Times report on mismanagement at the company.
In a Facebook post, Sandberg said she had no idea Facebook hired a PR firm to smear the company's critics, including billionaire George Soros.
CEO Mark Zuckerberg said Facebook's communications team was to blame.
Sandberg also denied suggestions that she blocked internal investigations into Russian interference.
Facebook's COO Sheryl Sandberg has responded to the 6,000-word New...
This is Business Insider's politics live-blog charting the latest developments as Theresa May's Brexit deal continues to dominate Westminster. Refresh the page for updates. All times are in GMT.
LONDON —Theresa May faces another bruising day with the possibility of further Cabinet resignations and letters of no confidence from her own Conservative MPs over her Brexit deal with the European Union.
The prime minister had perhaps the most challenging day of her premiership on Thursday, suffering...
This week, newly-elected members of the 116th Congress are gathering in Washington, DC for freshman orientation after years of historically pernicious partisan gridlock, which has led to two government shutdowns in the past five years.
In recent decades, however, many politicians and political figures of opposite parties have put been able to put aside their ideological differences to forge working partnerships and friendships.
At Republican Senator John McCain's August memorial services, for...
Trade war is a major threat to farmers according to Rabobank.
Chinese soybean imports fall for the first time in 15-years while prices are at their lowest for 10 years.
A Trump administration subsidy is stemming panic-selling by farmers.
US soybean farmers are bearing the brunt of Trump's trade war with China.
China, the world’s largest soybean buyer, has turned its attention to Brazil for the oilseed this year, leaving US farmers with large inventories they are struggling to sell, according...