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ON TUESDAY: US Dollar rate decreases again in interbank market by 46 paisa and is now Pak Rs99.90 in interbank. From 1st March until this day dollar value decreases by Rs5.
China's current liquidity is rich and moves to soak up liquidity do not mean changes in monetary policy, a central bank source said on Wednesday, as Chinese shares continue to endure stock market falls. China's money market rates have been running
Tight liquidity and further liberalization of China's financial sector will continue to squeeze banks' profits and add bad loans, rating agency Standard and Poor's (S&P) said on Thursday. Chinese banks' earnings are likely to decrease this year as
Credit in China is growing at a breakneck pace, having increased from 125 percent of GDP in 2008 to 215 percent in 2012. Local-government debt has soared by 70 percent since 2009, reaching almost $3 trillion last June. This is raising serious
China's stock market rose moderately on its first day of trading after the week-long Lunar New Year holiday, while the global market was turbulent. The benchmark Shanghai Composite Index rose by 0.56 percent to 2,044.50 at Friday's close, erasing
The real GDP growth of China in 2014 will remain stable but mildly slow to 7.2 percent year-on-year, partly due to higher inflation, a report from Coface said on Friday. The lower government GDP growth target for 2014 is representative of the
Artificially low interest rates could trigger the next financial bubble The chorus of optimistic forecasts is growing. The Federal Reserve 's Beige Book reported moderate growth from November to the end of 2013, and that the economic outlook is
China's central bank is offering emergency funding support to commercial banks amid a spike in cash rates, sources with direct knowledge of the move told Reuters on Monday...Traders attributed the higher rates to elevated cash demand in the run-up to
The measure aims to keep accelerating interbank business under control and to enhance oversight. Commercial banks have been allowing their first or second-level branches to invest their assets or wealth management funds in trust and asset managements.
Canada's banking watchdog is taking extra steps to monitor how the country's banks calculate the price of a key benchmark interest rate. In the wake of the global Libor scandal, during which multiple international banks were found to have manipulated