STOCKMARKET

China cuts reserve requirement to boost lending to small firms

BEIJING: China’s central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since February 2016 in a bid to encourage more lending to struggling smaller firms and energize its lackluster private sector.The People’s Bank of China (PBOC) said on its website that it would cut the reserve requirement ratio (RRR) ...

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Sierra Leone Foreign Minister woos British investors in London – The Sierra Leone Telegraph

Sierra Leone Telegraph: 1 March 2016 Last Monday, 25th February, 2016, Sierra Leone’s foreign minister Samura Kamara travelled to London, along with a handful of prominent Sierra Leonean businessmen, including the chief executive officer of Sierra Rutile – John Sisay. Their mission was to sell Sierra Leone’s investment potential to British companies and investors,  present at the UK-Sierra Leone Trade ...

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Some Study About Cheap Personal Loans

Loan service is for those who just want to borrow some amount to fulfill their desires and needs. This is for those who are not eligible to make their wishes true because of lack of money. Here we are providing you best cheap loan services at bit little percentage( ). But before picking the personal loan you have to make ...

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Consumer Spending Miss Weighs on U.S. Dollar

The U.S. Dollar closed lower against a basket of weighted-currencies on Friday, but was still able to hold on to a one week rise of 1 percent while helping to post its first monthly gain since February. Despite the slight setback, the Greenback continued to be supported by a rise in expectations for inflation and U.S. interest rate hikes. The ...

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S&P keeps Spain’s BBB+ debt rating, warns on Catalonia tensions

WASHINGTON: The ratings agency S&P maintained Spain’s investment-grade sovereign credit rating Friday, but warned tensions between Madrid and Catalonia could weaken growth prospects if left unchecked.Catalonia is due to hold an independence referendum on Sunday that is opposed by the central government, in one of the greatest political crises to hit the country since the restoration of democracy in 1975.S&P ...

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Dollar on track for largest weekly rise of 2017

NEW YORK – The dollar was little changed against a basket of major currencies on Friday after conflicting U.S. economic data, leaving it on course for its largest weekly rise in 2017 amid a rise in expectations for inflation and U.S. interest rate hikes. The one-week rise of just under 1 percent helped the greenback post its first monthly ...

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Report shows GOP tax plan would help the rich as party struggles for unity

The Republican tax plan would deliver major gains for the richest 1 percent of Americans and uneven benefits for the middle class, an analysis by a leading group of nonpartisan experts found Friday, creating a fresh hurdle for Congress as it pivots toward writing legislation overhauling the tax code. The analysis by the Urban-Brookings Tax Policy Center found that most of ...

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Hong Kong stocks post first monthly loss this year – Business Recorder (press release) (registration) (blog)

Hong Kong stocks post first monthly loss this yearBusiness Recorder (press release) (registration) (blog)HONG KONG: Hong Kong stocks ended higher on Friday, but the benchmark index posted its first monthly loss this year, an indication the market’s upward momentum may be slowing amid worries over US monetary tightening and a China economic … and more »

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Nation’s Hispanic business leaders meeting in Dallas will put Wells Fargo on the hot seat | Economy

One of the key panels at the convention features Palomarez interviewing Wells Fargo chief executive Tim Sloan. Wells Fargo, the third-largest U.S. bank, has admitted that some 3.5 million fake accounts were opened without the knowledge of customers by employees seeking to meet aggressive sales goals. Hispanic consumers were particularly targeted. “Well, we are going to talk exactly about that,” ...

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