Finance


UK’s European divorce ‘will cause recession’

The UK will plunge into recession if it leaves the European Union without a divorce deal, with the pound plunging in value and the economy shrinking 2 percent in a year, Britain’s official economic watchdog...

July 19, 2019, Friday


UK honors war code-breaker

The Bank of England yesterday said World War II code-breaker Alan Turing had been chosen to feature on the back of Britain’s new 50-pound (US$63) banknote....

July 16, 2019, Tuesday


Shanghai investor confidence takes a hit

Shanghai’s consumer and investor confidence retreated in the second quarter of this year, though it remained in positive territory, a survey showed yesterday....

July 12, 2019, Friday


China to increase support for FTZs

CHINA will step up efforts to support pilot free trade zones to deepen the reform and opening-up and facilitate cross-border e-commerce. The decision was made at a State Council executive meeting chaired ...

July 4, 2019, Thursday


More small firms get bank loans

Outstanding loans by Chinese financial institutions to small and micro businesses stood at 35.15 trillion yuan (US$5.1 trillion) at the end of May, data from China Banking and Insurance Regulatory Commission...

July 1, 2019, Monday


China halts meat imports from Canada

CHINA has asked Canada to suspend all meat exports after discovering false veterinary health certificates attached to a batch of pork. Canadian federal police said it had launched a criminal probe. The ...

June 27, 2019, Thursday


Interest rates cut further for SMEs

THE Chinese government decided yesterday to reduce the real financing interest rates for small and micro firms. China will stick to a prudent monetary policy which will be eased or tightened to the right ...

June 27, 2019, Thursday


Investors to list details of losses

A NATIONWIDE procedure to register investors who suffered losses in fundraising schemes on online peer-to-peer lending platforms Ezubao and zhimajinrong.com is set from July 2 to August 30, 2019. The ...

June 27, 2019, Thursday


IMF chief says nobody wins in trade war

TRADE tensions between the United States and China will not benefit any party over the long term, Managing Director of the International Monetary Fund Christine Lagarde said yesterday. Speaking at a press ...

June 25, 2019, Tuesday


US Fed hints at interest rate cut

The US Federal Reserve opened the door to an interest rate cut on Wednesday, vowing to act to keep the economy growing as uncertainties about trade and other issues mount....

June 21, 2019, Friday




 

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