The Financial Conduct Authority has fined Metro Bank £10mn and censured two of its former top executives for misleading investors on a key risk measure ahead of a 39 per cent collapse in the bank’s…
Tagged By finance
MARKETS / FINANCE
It may take until the last minute, but Greek Finance Minister Yanis Varoufakis says Greece will negotiate a deal with the EU. Labor Secretary Tom Perez is headed to California to mediate a dispute …
China might be back to pre-Covid normal by mid-2023, health expert Zhong Nanshan forecasts
People who want to travel home over Lunar New Year should get a booster shot to minimise virus spread, Zhong says Wear masks and skip panic buying of fever medications, he suggests China should ramp…
China offers $112.33 mln financial grant, $14 mln in-kind support for flood relief
China has offered Pakistan, a cash grant worth US$112.33 million for post-flood reconstruction activities, besides sending the in-kind support worth of $14.06 million (100 million RMB). Besides the …
China for strengthening green finance rules
Therefore, [we] should strengthen financial regulations, conduct stress tests and other means to guide financial institutions to continuously improve their green financial capabilities in accordance …
China central bank calls for green finance regulation to be strengthened
China’s central bank on Saturday warned that climate change and a global move to a low-carbon economy posed risks for domestic financial institutions and said stronger regulation was required.
China Central Bank Official Calls for Orderly Carbon Reduction
China should pursue any transition to green economic activity in an orderly manner and avoid any “campaign-style” carbon reductions at its financial institutions, a deputy central bank governor said.
UPDATE 1-China, HK stocks extend rally as Beijing eases COVID rules
China and Hong Kong stocks rose on Friday as investors continued to bet on companies that stand to gain from China’s COVID policy pivot, driving up consumer and healthcare stocks. Property shares …
Explainer-How Britain is exploiting Brexit to reform finance?
Small toy figures are seen in front of a Brexit logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic/Illustration …
World Bank, IMF Heads Allowed to Skip Quarantine for China Meetings
Heads of the World Bank, International Monetary Fund and other global organizations were allowed to skip quarantine and mingle with China’s premier and journalists at a summit this week, illustrating …
Shanghai boosts efforts to become global financial hub
Shanghai will further expedite efforts to advance financial opening-up at the institutional level to reinforce its role as a rising international financial hub, an official said on Friday. Efforts …
Won’t China ever recover from COVID?
Many countries have had to navigate the balancing act of keeping the economy alive versus protecting citizens from COVID in recent years.
Bank of China offers loans to ease Chinese developer’s liquidity
A security guard wearing a mask following the coronavirus disease (COVID-19) outbreak is seen near the Bank of China in Beijing, China, October 19, 2020. REUTERS/Tingshu Wang/File Photo …
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