Sydney-based Commonwealth Bank of Australia (ASX: CBA) saw three village banks run into operation in Hebei Province, China recently. The three institutions spread in Xinji City and Handan City, each, with small- and medium-sized ...
China Premier Li Keqiang chaired a State Council executive meeting on June 19, studying the deployment of policies and measures to support economic restructuring, transformation and upgrading. The meeting studies and nailed down policies ...
Tags: economy, private capital
The Aussie slumped to a fresh 33-month low today as the US central bank signalled plans to rein in its stimulus program before the end of the year and China's economy showed more signs of a slowdown. At 5pm AEST, the Aussie was trading at ...
Wall Street plans to hold a simulated cyber-attack against equity markets this month that experts hope will set an example of how industries should test their defences against assailants. Called Quantum Dawn 2, the drill will involve big ...
Tags: Wall Street, Security Defences
Australian shares have gained ground as investors took a cautiously optimistic stance ahead of a keenly awaited update on economic stimulus measures in the US. The benchmark S&P/ASX200 index was up 47 points, or 0.98 per cent, at 4861.4. ...
Tags: Stocks, US Fed Meeting
The Aussie fell after the central bank left the door open for more interest rate cuts and forecast the currency might fall further as commodity prices slide. The minutes of the Reserve Bank of Australia's policy meeting on June 4 showed ...
The dollar's coming of age as a global reserve currency has resulted in a $200 billion buying spree by central banks and sovereign wealth funds since the global financial crisis, adding an estimated US6c-US8c to the dollar's value, ...
Tags: Australian Dollar, JP Morgan
In the credit policy issued, RBI has not touched the Key rates and unchanged. In a reaction to RBI's monetary policy, Dr.A. Sakthivel, Chairman - AEPC said Industry has been disappointed with RBI's Stand. Apparel SMEs were expecting a ...
Tags: India, Apparel&Accessories, AEPC
Is the New Zealand equity market a bubble? With global short-term interest rates at close to zero and a number of central banks pumping liquidity into markets as fast as their printing presses allow, there are clear signs that asset bubbles ...
Tags: Paul Glass, Construction
Cyber-attacks have risen to the top of the list of threats for UK banks according to the Bank of England’s director of financial stability, Andrew Haldane, but understanding and management of the risk is still at an “early ...
Tags: Bank of England, Cyber-Attacks
The manufacturer, which specialises in fresh prepared foods, announced today (June 13) that it had completed financial negotiations with banks enabling it to pay off some of its debt and extend existing loan agreements. As a result, ...
Tags: Agriculture, Food
The Australian share market has closed strongly, posting its biggest gain in a single day so far this year. Strong overnight gains in US stocks after positive retail and jobless data and reports suggesting stimulus measures there were not ...
Tags: Stock Market
It may have taken almost two decades, but Tun Thura Thet's investment in one of Asia's poorest countries is finally paying off. "I've been waiting here for 17 years to have this moment," he said, sitting at his office in Yangon, Myanmar. ...
Tags: Tech Industry, Myanmar
Fears of a possible global slowdown as US money printing tapers off sent Asian markets into a tailspin yesterday, pulling the Australian equities market back towards a level that has all but wiped off the gains it has made this year. ...
Tags: Asian Markets
US-based Deschutes Brewery is set to introduce a new Fresh Squeezed IPA for summer. The new IPA will include juicy citrus flavor and aroma spring from a heavy helping of Citra, Nugget and Mosaic hops. The new Fresh Squeezed IPA will ...