Global clearing house LCH announced that Bank of China (UK) Limited, Bank of China’s UK entity, has gone live as a clearing member of LCH’s SwapClear. Bank of China is LCH’s first clearing member from ... ( read original story ...)
China’s Lehman Moment Is Drawing Closer
China’s central bank has acknowledged its monetary tools are insufficient. The most powerful ones are proving too blunt to drill through a hardening financial system. The country’s money markets have ... ( read original story ...)
China’s Small Banks Turn to Exchanges for Cash as Money Markets Tighten
China's securities watchdog has urged large non-bank financial institutions to lend in the interbank market to smaller non-bank firms to help ease any cash shortfalls. The central bank has also ... ( read original story ...)
China’s Belt And Road Can Speed Development, Needs Transparency: World Bank
China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called ... ( read original story ...)
Markets Say U.S. Doesn’t Need China—or Fed—to Buy Its Debt
The concern is that if the People’s Bank of China decided to dump Treasuries, it would send U.S. interest rates spiking higher, just when Trump’s administration is borrowing more. A real-time ... ( read original story ...)
European Central Bank hints at stimulus – drawing Trump ire
Eurozone inflation of 1.2% is below the European Central Bank's goal of just under 2%, considered best for the economy, while growth prospects are under pressure from uncertainty about issues such as ... ( read original story ...)
China snub, drought and debt shake finances of Canada’s farmers
Net incomes plunged last year, and that setback was followed in March by China's halting purchases of canola ... national director of agriculture at Royal Bank of Canada. Now amid harder times, ... ( read original story ...)
AGRICULTURAL BANK OF CHINA LTD
The company's partnership with Jumio streamlines digital onboarding, eliminating the need for customers to visit branch offices when creating new banking accounts Jumio, the leading AI-powered trusted ... ( read original story ...)
‘Duterte should demand compensation over Recto Bank incident’
Defense Secretary Delfin Lorenzana said Duterte favors a joint probe with China. The captain of the Filipino fishing boat Gem Ver believes that the Chinese vessel intentionally hit them on June 9 at ... ( read original story ...)
Central Bank Striving To Build Closer Hungary-China Ties
The National Bank of Hungary is working to build closer business cooperation between Hungary and China, the central bank’s deputy governor said on Tuesday. Speaking at an event marking the 70th ... ( read original story ...)