Finance


IMF ups lending limit by US$650b

The International Monetary Fund’s board of governors on Monday greenlit increasing the institution’s lending capacity by US$650 billion, the last step in approving an initiative to boost aid to the most...

August 4, 2021, Wednesday


Shanghai’s financial industry gets behind green wave

Shanghai’s financial industry yesterday called on its members to up their commitment to carbon management by practicing more green finance....

July 16, 2021, Friday


BOE drops bank dividend restrictions

The Bank of England yesterday axed pandemic curbs on shareholder dividend payouts in the commercial banking sector, mirroring a move by the US Federal Reserve....

July 14, 2021, Wednesday


EU’s digital levy plan is put on hold

The European Commission said yesterday it would delay its plan to propose an EU digital tax in order to not jeopardize efforts to secure a global deal on fairer taxation....

July 13, 2021, Tuesday


G20 finance ministers support global reform to end tax havens

Top finance officials representing most of the world’s economy have backed a sweeping revision of international taxation that includes a 15 percent global minimum corporate levy to deter big companies...

July 12, 2021, Monday


Financial sector steady, despite virus

Shanghai’s financial industry grew at a stable pace in 2020 with an index measuring its performance rising 5.6 percent even against the backdrop of COVID-19 pandemic....

July 9, 2021, Friday


Decline in China’s forex reserves

China’s foreign exchange reserves shrank to US$3.214 trillion at the end of June, down 7.8 billion dollars from a month earlier, official data showed yesterday....

July 8, 2021, Thursday


BOE warns of brief inflation spike

The Bank of England yesterday froze interest rates at a record-low but forecast a “temporary” inflation spike as the economy reopens, echoing warnings from the European Central Bank and the United States...

June 25, 2021, Friday


Jiading announces financial support to boost businesses

Jiading businesses in the automotive, medical, Internet of Things and online-economy industries will receive financial boosts over the next four years, the district government announced yesterday....

June 24, 2021, Thursday


Fed believes US recovery on track

The Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases, opened talks on how to end crisis-era...

June 18, 2021, Friday




 

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