Chinahasbannedonlineloanstocollegestudentsfollowingathree-yearboomincampuslending,whichhasbeenaccompaniedbyoutrageoverexorbitantrates,violentdebtcollectionpract
The Bank of England decided to keep its interest rate at 0.25 percent following the Fed's decision on Wednesday ahead of the UK's departure from the European Union.
TheBankofEnglanddecidedtokeepitsinterestrateat0.25percentfollowingtheFed'sdecisiononWednesdayaheadoftheUK'sdeparturefromtheEuropeanUnion.However,thedecisionwass
London's famous shopping high streets as well as the capital's appeal as a destination for international visitors and investors are under threat because of a massive rise in business taxes, mayor Sadiq Khan warned Tuesday.
Vietnamese Prime Minister Nguyen Xuan Phuc on Thursday expressed his concerns over the situation that black credit remains growing in Vietnam, especially in rural areas.
South Korea's central bank on Thursday froze interest rates at a record low to see the effect from the U.S. Federal Reserve's first rate hike in a year.
The nation's capital had the highest divorce rate
Members of European Parliament (MEPs) called for "balanced structural funds, solid national budgets and responsible fiscal policies in member states" in a resolution adopted on Tuesday.
The US Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten monetary policy by the end of this year as the labour market improved further.
Market analysts lower estimate of rate rise in Fed’s September 20-21 meeting
The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bankand other policymakers said on Friday in comments that left the door open for a hike as early as next month.
Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes from the US central bank's July 26-27 policy meeting.
Three Federal Reserve policymakers on Thursday expressed the view that there was no hurry to raise U.S. interest rates in the wake of the UK decision to leave the European Union, despite signs that the U.S. economy is near full employment.
Hailed by investors as a weapon to fight off recession but slammed by critics for fuelling inequality, quantitative easing looks set for a comeback in Britain as the Bank of England tries to shield the economy from the fallout of Brexit.
Bill Gross, the manager of the $1.4 billion Janus Global Unconstrained Bond Fund, warned central bank policies that pushed trillions of dollars into bonds with negative interest rates will eventually backfire violently.
The Bank of Japan's negative interest rates came into effect on Tuesday in a radical plan already deemed a failure by financial markets, highlighting Tokyo's lack of options to spur growth as global markets sputter.
The Federal Reserve's policymakers met for the final time this year on Wednesday (Dec 16) and announced the first US interest rate hike since June 2006, and seven years after it pushed its benchmark lending rate to zero to battle the global financial crisis and the Great Recession that followed.
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