Author: KMFSLLP

Former U.S. senator Alan Simpson summarized the argument well: seniors fighting Social Security benefit cuts were nothing more than “greedy geezers” stealing from young people “who are going to get gutted.” The Wyoming Republican's memorable phrase from 2012 is a good example of the colorful language of so-called intergenerational warfare...

As an outside critic of the Federal Reserve, conservative economist Judy Shelton has slammed the central bank's massive $4.2 trillion balance sheet as distorting financial markets and "largely benefiting people who have hefty stock-market portfolios."

An earthquake of magnitude 6.9 struck offshore 99 kilometers (62 miles) south-east of Russia's Kuril Islands, the U.S. Geological Survey (USGS) said on Thursday.

Sackings are first moves of a reshuffle widely expected to promote more women

* H1 profit beat forecasts, CEO remains confident on China (Recasts with CEO comments, updates share price)

The Chinese province at the epicentre of the coronavirus outbreak reported a record rise in deaths and thousands more cases on Thursday under a new diagnostic method, raising fresh questions about the scale of the crisis.

Most Southeast Asian stock markets closed lower on Thursday as a sharp rise in new coronavirus deaths and infections shattered hopes that the virus outbreak had peaked. Chinese province Hubei, which is at the epicentre of the coronavirus outbreak, reported a record 242 deaths...

Banks should restore their customer confidence "as soon as possible" to overcome damage to their reputations associated with financial malpractice, European Central Bank policymaker Pablo Hernandez de Cos said on Thursday.

Credit Suisse posted its best annual profit in nearly a decade on Thursday but volatile earnings at its investment bank and trading divisions took some of the shine off outgoing CEO Tidjane Thiam’s swan song.

As Valentine's Day nears on Friday, Shanghai restaurant owner Bill Hu finds himself unusually free.