U.S. President Barack Obama on Monday urged financial regulators to speed up the enacting of the Dodd-Frank Wall Street reform law, which was passed in 2010.
The Obama administration on Thursday slapped sanctions on entities and individuals with alleged links to the Democratic People's Republic of Korea (DPRK)' s ballistic missile and weapons of mass destruction (WMD) programs.
China's central bank said on Sunday that the country will continue to implement the prudent monetary policy while fine-tuning it at proper time.
Eurozone finance ministers late Thursday agreed on the main features of a mechanism to allow the European Stability Mechanism (ESM) to directly inject capital into failed banks.
China will continue a prudent monetary policy while ensuring credit growth for the real economy, agricultural sector and small enterprises, according to a statement issued after a State Council meeting Wednesday.
The recent interest rate increases in China's inter-bank market have raised concerns over a liquidity crunch, but experts have viewed it in the context of weak economic recovery and argued that liquidity is abundant.
The recent snooping scandal involving global financial information and news provider Bloomberg LP has sounded an alarm for the Chinese financial industry and its heavy reliance on foreign data services.
As the Dow Jones Industrial Average climbed to an all-time high above 15,000 points last week, Zhang, a shoe factory owner in the Chinese city of Wenzhou, yearned to draw money from lackluster domestic markets and invest in U.S. stocks.
Debates over "too-big-to-fail" U.S. megabanks have shown no sign of a solution. A new bill proposed by two U.S. senators on whether the megabanks are over- or under-regulated bring the matter back to the focus.
With different but irreplaceable advantages, Hong Kong and other off-shore renminbi ( RMB) center can build a "cooperative and supplementary rather than competitive" relationship, experts from the Chinese mainland, Hong Kong and Taiwan agreed here on Thursday.
China's top leaders on Thursday pointed out difficulties and challenges facing the country, saying macro policies should be stabilized and control over micro segments loosened with better social security measures.
China's external financial assets expanded 9 percent to reach 5.17 trillion U.S. dollars by the end of 2012, the State Administration of Foreign Exchange said Monday.
Top lawmakers from the Group of 20 (G20) members called for a bigger role for legislature in promoting economic recovery as they concluded a two-day forum here Friday.
Eurozone finance ministers have approved a new bailout plan for Cyprus, putting an end to uncertainties over the fate of the Mediterranean island country in the euro area, the Eurogroup head said early Monday.
Chinese Premier Wen Jiabao has called for the government to push forward financial reforms set to open up the Chinese market further to foreign investment and private funds... As well as loosen control over the yuan.
"The financial system has to focus on serving the manufacturing sector, service, urbanization, agriculture and the aging population."
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