The Economy

Italy's banks are the Achilles' heel of the euro zone financial system.

Italy eyes $60b bank rescue

Italy is preparing a €40 billion ($60 billion) rescue of its financial system as bank shares collapse on the Milan bourse and the powerful aftershock of Brexit shakes European markets.

Chinese President Xi Jinping is not as all-powerful as he would appear.

Who wins from Brexit? China

The UK's vote to exit the EU is creating a lot of losers. But out of all of the market turmoil and uncertainty will emerge at least one big winner: China.

Britain has left the EU.

How Australian businesses reacted to Brexit

The United Kingdom's decision to vote to leave the European Union was one motivated by emotion and fear, Australian business leaders say.

Scope economic survey

Experts forecast low rates, weak economy

The mid-year Scope BusinessDay economic survey - Australia's longest running - predicts economic growth of just 2.6 per cent in 2016-17.

Chinese President Xi Jinping and Britain's Queen Elizabeth II. China is also well-placed to weather any post-Brexit ...

What Brexit would mean for Asia

While a Brexit would almost certainly cause turmoil in Europe, its effects on Asian economies, including China, may be much more benign.

Governments will need to step up to encourage companies to invest again, says Morgan Stanley.

Looks a bit like it's the 1930s

To understand today's global economy, look back 80 years. Now, just like then, a financial crisis has left deep scars.

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