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For Halloween, the 10 scariest economic charts in the world

The BriefYour world right now

36 mins ago

The Bank of Japan moves to save Abenomics.

  The central bank will expand its bond purchases 80 trillion yen a year ($726 billion), from 60-70 trillion currently, in a surprise attempt to kickstart the sluggish economy. By a 5-4 split decision, the bank’s board of governors said the move was necessary to reverse “a deflationary mindset,” (paywall) especially after a sales tax increase earlier this year crimped consumer prices. The Nikkei 225 surged nearly 3% on the news.
3 hours ago

Russia signs a gas deal with Ukraine.

  Russia will supply Ukraine with 4 billion cubic meters of gas until March next year, at a cost of $4.6 billion, some of which is for previous gas deliveries. Ukraine must pay the sum up front but the EU, which also signed the agreement, will provide “unprecedented levels” of aid to help cover the cost.
1 hour ago

Starbucks results are lukewarm.

  A 1% rise in traffic and a 5% rise in same-store sales in the Americas failed to excite investors, who were hoping for a rise of 6.2%. Chief executive Howard Schultz said the popularity of online shopping meant was leading to fewer customers in stores.  
59 mins ago

Burkina Faso’s president clings to power.

  Blaise Compaore refused calls to resign amid violent protests and looting in the capital of Ouagadougou. The gold-producing country’s parliament was dissolved by the military, which said Compoare would head an interim government for a year until fresh elections could be held.  
1 hour ago

North Korea quarantines all arriving foreigners over Ebola fears.

  All non-North Koreans entering Pyongyang will be required to spend three weeks under observation. North Korea has had no reported cases of Ebola.  
6 hours ago

Citigroup is facing new probes into its currency business.

  And it’s going to be expensive. The bank took a new, $600 million legal charge against third-quarter earnings, in addition to $951 million in legal expenses it already disclosed, because of “rapidly evolving regulatory inquiries.” Those now include a criminal probe in the US, and inquiries in the U.K. and Switzerland.
October 30, 2014
Chart of the Moment

The US economy keeps on truckin’.

October 30, 2014

Shadow banking has grown to 120% of the world’s GDP.

  The murky industry, which includes hedge funds, real estate investment trusts and off-balance sheet investment vehicles, is worth $75 trillion, according to the Financial Stability Board. It grew $5 trillion in the span of one year, thanks to lenders looking to avoid regulations and investors seeking yield amid historically low interest rates. Argentina’s shadow banking sector grew the most—50% year-over-year—followed by China’s, which grew 30%.
57 mins ago

You may have a throat virus that lowers your brainpower.

  Chlorovirus ATCV-1 is found in 40% of Americans.

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