Forex News
Chinese Banks Face Competitions From Private Funds
China’s banking sector, already under the shadow of a credit crackdown and concerns over bad debt, may face a new headwind with the country’s Internet players entering – and disrupting – the market.
Yellen: Would Take Worse Outlook For FOMC To Pause Tapering
New Federal Reserve Chair Janet Yellen Tuesday reemphasized the Fed’s commitment to continued reduction of large-scale asset purchases, provided the economy performs as the Fed hopes,
Yellen Says Market Far From Recovered Low Rates to Remain
US interest rates are set to remain low, the new chair of the Federal Reserve, Janet Yellen, has signalled.
Yellen Expected to Face Tough Questions
Janet Yellen, who on Tuesday faces her first grilling by Congress since she became the Federal Reserve chair this month, is expected to reiterate central bank plans to taper its stimulus despite recent weakness in the economy.
Questions Raised over China’s Gold Consumption Data
A 500-tonne gap in China’s gold consumption data is fueling talk that the central bank took advantage of weak prices last year to bulk up its holdings of the precious metal.
U.K. Economy Starting to Show Positive Signs
One of Britain’s top business lobbying organizations has upped its economic forecasts for the U.K., arguing that growth will be boosted by a hike in business investment and exports.
Housing Finance & ABS House Prices – December 2013
Housing-related lending took a breather in December, with the number of loans to owner-occupiers falling by a modest 1.9%. But, by value, loans to investors and owner-occupiers remain on a solid uptrend,
Canada: “Inevitable” That Keystone XL Pipeline Will Happen
As far as Stephen Harper is concerned, history and economics carry far more weight in Canada-U.S. relations than whoever happens to occupy the White House at a given moment.
Lawmakers Plan To Raise Debt Limit With 12th Feb Vote
The House plans to vote Feb. 12 to increase the U.S. debt limit and restore cost-of-living raises for military retirees, said Representative Robert Pittenger of North Carolina.
NAB Business Survey – January 2014: Business reports strong conditions
Business conditions consolidated the strong pick up in December, reaching an almost 3 year high of +4 in January, from +3 in December. Conditions are now close to their long run average.
Mexico Expected To Continually Grow 5% ‘For Decades’
Rapid growth, a manufacturing boom and key industries opening up to foreign involvement put Mexico in a position to be this decade’s China in terms of investment opportunity.
Loan Defaulters Expected To Increase In China
China’s banking regulator ordered some of the nation’s smaller lenders to set aside more funds to avoid a cash shortfall, three people with knowledge of the matter said, signaling rising concern that defaults may climb.