72.2 F
New York, US
Monday, August 19, 2019
China’s central bank will replace its key lending rate with a more market-driven benchmark in a long-awaited reform aimed at lowering borrowing costs for companies experiencing record defaults this year.Bank lending in China is priced based on a lending rate set daily by the People’s Bank of China....
The yield on the benchmark 10-year Treasury note broke below the 2-year rate early Wednesday, an odd bond market phenomenon that has been a reliable, albeit early, indicator for economic recessions.The yield on U.S. 30-year bond also turned heads on Wall Street during Wednesday's session as it fell...
Madoff whistleblower Harry Markopolos released a report on General Electric on Thursday alleging the company is hiding financial problems.Before the report was made public, GE said, in a statement, "we have never met, spoken to or had contact with this person. While we can't comment on the...
Amid lack of domestic triggers, equity markets would focus on global cues such as FPI investment trend, US-China trade talks and movement of oil and rupee this week,...
NewsUS industrial output fell 0.2% in July as factories struggle Sunday, August 18, 2019 WASHINGTON (AP) — US industrial production fell 0.2 per cent in July, as factory activity slumped in a worrisome sign for the economy. The Federal Reserve said on...
In backing off on China tariffs Tuesday, President Donald Trump showed just how much pain the U.S. could tolerate — and China may use that to its advantage, key voices on Wall Street say.Markets rallied on the announcement by the U.S. Trade Representative office that certain items were...
Yale University senior fellow Stephen Roach is taking the bond market's recession warning very seriously.Roach, one of Wall Street's leading authorities on Asia, believes the 10-year Treasury yield breaking below the 2-year Treasury rate is a major sign that the U.S.-China trade war is damaging global growth and...
The Australian share market is expected to start the week higher, after investors around the world were buoyed by news that Germany might might splash some cash to stimulate its economy.The German coalition government would be prepared to dump its rule to keep a balanced budget and instead...
China has reiterated it does not want a war, whether the frontline is trade or finance, Guan said. He said China and the US have entered a “mutual assured destruction” period, in which each should be ... 2019-08-17 18:54:00 Read more from source here...
China hopes to "meet the U.S. halfway" on trade issues, the foreign ministry spokesperson said on Thursday. The statement came after China said it will have to take the necessary counter-measures to President Donald Trump's latest tariffs threat. "We hope the U.S. side will meet China half-way,...

Recent Posts

Most Popular

Laurel Springs School Announces Partnership with Future Champions Golf; Sponsors International Championship for World’s...

SAN DIEGO, Aug. 19, 2019 /PRNewswire/ -- More than 650 junior golfers from 37 countries traveled to Palm Desert, Calif., to compete in the...

Getting Clear on Student Finance

Students in England still have time to get their finances sorted for the 19/20 academic year. That’s the message from the Student...

Exclusive: Fearing data privacy issues, Google cuts some Android phone data for wireless carriers

NEW YORK/SAN FRANCISCO (Reuters) - Alphabet Inc’s Google has shut down a service it provided to wireless carriers globally that showed them weak...

The US economy is fine, but trade storms are gathering

Workers assemble cars at the newly renovated Ford's Assembly Plant in Chicago, June 24, 2019.Jim Young | AFP | Getty ImagesA former colleague...