China’s record expansion of credit in January reveals Beijing’s policy priorities. It sees avoiding a “hard landing” for the economy as more critical than imposing control over what some analysts call a debt “bubble”.Several other strands of China’s broader economic policy were also discernible in the January lending numbers. Beijing wants to funnel relief to debt-laden companies, crank up investment, boost the property market, pay off foreign loans and use the bond market to effectively bail out local governments.“This strategy [is to] help avoid a hard landing in the economy in 2016, though ...
发布时间:
2016
-
02
-
23
浏览次数：36
Why have the prices of bank shares fallen so sharply? A part of the answer is that stock markets have declined. Banks, however, remain the weak link in the chain, fragile themselves and able to generate fragility around them.Between January 4 and February 15 2016, the Standard & Poor 500 index fell 7.5 per cent while the index of bank stocks fell 16.1 per cent. Over the same period, the FTSE Eurofirst 300 fell 9.5 per cent, while the index of bank stocks fell 19.5 per cent.The decline of European stocks was a little bigger than that of US ones but the underperformance of the European banki...
发布时间:
2016
-
02
-
22
浏览次数：39
Customers of two household name banks across the UK are set to be able to access their mobile and telephone banking using the unique characteristics of their body. This new technology comes as research reveals that 37% of Brits agree that traditional passwords have become an outdated security measure, and one in three people will use the same password across most of their accounts.Millions of UK consumers are set to be able to access their mobile and telephone banking using the unique characteristics of their own body to verify their identity. HSBC and First Direct are bringing biometric secur...
发布时间:
2016
-
02
-
20
浏览次数：40
The Organisation for Economic Co-operation and Development (OECD) is calling for urgent action by world leaders to tackle slowing growth.The call came as the think tank cut its global economic forecasts for 2016.Last year, it forecast 2016 growth of 3.3%. It now says that will be just 3%.It said trade, investment and wage growth were all too weak, adding that cutting interest rates and other monetary policy fixes were not sufficient to reflate growth.Interest rates in many parts of the world have been cut to attempt to stimulate borrowing and investment. Rates in many countries, including the ...
发布时间:
2016
-
02
-
19
浏览次数：32
China’s exports fell 11.2 percent in January from a year earlier and imports tumbled 18.8percent, both far worse than expected, putting pressure on policymakers to take further action to put a floor under the slowing economy.The fall in January exports marked the seventh straight month of decline, while the decline in imports was the 15th month.China posted a better-than-expected trade surplus of $63.3 billion in January, data released by the General Administration of Customs showed on Monday, versus $60.09 billion in December.Analysts polled by Reuters had expected exports to fall 1.9 percent...
发布时间:
2016
-
02
-
18
浏览次数：27