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China Polls Banks on Ending Benchmark Deposit, Loan Rates: Bloomberg
Dec 22, 2015China's central bank has reportedly surveyed banks on the possibility and potential impact of removing its benchmark deposit and lending rates. It's being reported that China's central bank recently surveyed banks on the possibility ...
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China's Annual Economic Growth Likely Slowed to 7.2 Percent in The Fourth Quarter
Jan 7, 2015China's annual economic growth likely slowed to 7.2 percent in the fourth quarter, the weakest since the depths of the global crisis, a Reuters poll showed, which would keep pressure on policymakers to head off a sharper slowdown this year. ...
Tags: economic growth, GDP data
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Calculation Rules Changes
Dec 31, 2014The People's Bank of China, the central bank, will change rules on how it calculates the loan-to-deposit ratios of banks from next year, a move that is expected to make available more funds for lending. The central bank will expand the ...
Tags: Deposit Calculation Rules, POB
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China's Economic Growth to Further Moderate
Nov 6, 2014China's economic growth will moderate further in the next two years as domestic demand is weakened by the property downturn, UBS has forecast. "We forecast China's GDP growth to slow to 6.8 percent in 2015 and 6.5 percent in 2016. This ...
Tags: economic growth, domestic demand
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Rising Raw Material Prices and Crash of Rupee Has Badly Mauled India's Plastics Industry
Sep 26, 2013Rising raw material prices and the crash of the rupee has badly mauled India's plastic industry, according to the country's largest plastics trade association. "[The] future of over 50,000 manufacturing units and four million jobs are at ...
Tags: Plastics Industry, Polymer Costs
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Sharemarket Opened Strongly Following News China Lifts Controls on Lending Interest Rates
Jul 24, 2013THE sharemarket opened strongly following news China will lift controls on lending interest rates. At 10.10am AEST the benchmark S&P/ASX200 index was up 49.4 points, or 0.99 per cent, at 5021.5, easing to 5,007.3 by 10.25am for a total ...
Tags: lending interest rates, china, economy
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China Formally Announced a Thorough Decontrol Over Lending Rates of Financial Institutions
Jul 24, 2013China formally announced a thorough decontrol over lending rates of financial institutions on July 20. Approved by the State Council, the Chinese cabinet, the People's Bank of China (PBOC), the central bank, said on July 20 that the ...
Tags: lending rates, commercial principles, china
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Stocks Gained on Monday Amid Speculation They Would Stand to Benefit The Most
Jul 23, 2013Stocks of small and medium Chinese enterprises gained on Monday amid speculation they would stand to benefit the most from the abolition of a floor on lending rates over the weekend, Bloomberg reported. Analysts said cash starved SMEs can ...
Tags: Lending Rate
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Australian Would Lift Controls on Lending Interest Rates
Jul 22, 2013The Australian dollar gained after China's central bank said it would lift controls on lending interest rates, allowing financial institutions to set them. At 6.30am AEST the local unit was trading at 91.83 US cents, up from 91.71 cents ...
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China Edged Its Way Toward a Credit Crunch Last Week
Jun 27, 2013China edged its way toward a credit crunch last week, spooking investors, businesses, analysts – and perhaps more than anyone – the banks themselves. Liquidity in the country's money market appeared to suddenly dry up after a ...
Tags: Risky Economy, credit crunch
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Dr.A. Sakthivel, Chairman - AEPC Said Industry Has Been Disappointed with RBI's Stand
Jun 18, 2013In 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
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Weaker-Than-Expected Chinese Manufacturing Data Sent The Dollar Lower
Feb 4, 2013Weaker-than-expected Chinese manufacturing data sent the dollar lower today, ahead of all-important US employment figures due overnight. China's official Purchasing Managers Index fell to 50.4 in January from 50.6 in December, lower than ...
Tags: Dollar, Australian dollar, exchange rate
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Etailers and Mortgage Brokers Seizing on Revelations The Banks Are Raising Money
Feb 4, 2013Pressure is mounting on the banks to pass on to customers savings from the thawing in wholesale funding markets, with retailers and mortgage brokers seizing on revelations the banks are raising money at the cheapest rates in years. Ahead ...
Tags: rate cuts, funding markets, debt markets
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Simon Moorhead Began His Career as The Bank of England's CIO with a Baptism of Fire
Dec 27, 2012Simon Moorhead began his career as the Bank of England’s CIO with a baptism of fire, having started in November 2008 – just two months after Lehman Brothers collapsed and a year after Northern Rock was rescued by the government. ...
Tags: CIO, Computer Products, Simon Moorhead
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Aspirations Are Soaring High About an Imminent Policy
Dec 26, 2012Entering in the penultimate year before the general elections in 2014 aspirations are soaring high about an imminent policy push by the government to kindle growth and demand in economy. Even the year is expected to end on a dour note ...
Tags: penultimate year, economy, India, Steel