Goldman Sachs chief executive Lloyd Blankfein has launched a scathing attack on the US government's austerity program, arguing growth will derail significantly once the Bush-era tax cuts expire in January.
Blankfein said with the prospect of a fiscal cliff hanging over the US economy, which economists forecast could wipe around 3% off GDP, now is not the right time for the US to be carrying out austerity...
As the yen continues to strengthen, Invesco Perpetual's head of Japanese equities Paul Chesson asks if it is nearing the endgame for Japan or if the central bank could make yet another move to strengthen the country’s stalled economy.
Aims to deliver an 'index-like experience'
Cental banks' credibility could be called into question
Three investment managers appointed
Decision due by the end of the year