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Higher for longer interest rates hit the global economy

Apart from the US, where there are mounting concerns over the levels of government debt, major industrial countries are in grip of a marked economic slowdown.

South Korea s $80-B real-estate debt bomb exposes weaknesses in $63-trillion shadow banking system | Finbarr Flynn

SOUTH Korea is emerging as a closely watched weak link in the $63-trillion world of shadow banking. Real-estate exposure has been showing cracks at home and abroad after interest rates rose, prompting financial firms including T. Rowe Price Group Inc. and Nomura Holdings Inc. to express concern about stress in…

Shadow Banking Stress in South Korea Sends Warning to Global Investors

(Bloomberg) South Korea is emerging as a closely watched weak link in the $63 trillion world of shadow banking.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayRay Dalio’s Famous Trade Is Sputtering and Investors Are BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapTikTok to Remove Executive Tasked With Fending Off US ClaimsRussians Transform Dubai as They Flee Putin’s War: Photo EssayReal estate exposure has been showing cracks at home

Shadow Banking Stress in South Korea Sends Warning to Global Investors

Shadow Banking Stress in South Korea Sends Warning to Global Investors
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