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Britain’s Central Bank Governor Warns of Brexit Fall-Out

Mark Carney, the governor of the Bank of England, warned Tuesday that financial stability—of the UK and possibly the 28-member European  Union – could be threatened by a British exit from the European Union if the June Referendum vote favors leaving. While noting that the terms of a negotiated exit would shape the withdrawal’s impact, he said he could not ...

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South Korea Shores Up Against Economic Headwinds from the North

Looking out over downtown Seoul and the Han River.

South Korea’s top economic policymaker said Monday the government will strive to bolster exports to minimize negative economic impact from North Korea’s recent rocket launch and nuclear test. Yoo Il-ho suggested that China’s emerging demand economy will catalyze additional export growth, with free trade agreements with China, Vietnam and New Zealand which came online last year driving further trade expansion, ...

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How to Determine the Critical Difference Between ‘Markets’ and ‘Reforms’ in China

Chief executives may be forgiven for being confused about what is happening between the U.S. and Chinese governments when it comes to use of the terms "markets" and "reforms." As a recent article in the Wall Street Journal suggests, President Obama's administration is expecting that Chinese President Xi Jinping will make commitments to more market-oriented reforms when he visits Washington this month.

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