Coronavirus To Increase Brazil’s Bank Lending By 7.6%
Economic fall out reflects in an inflation in lending pattern in Brazil.
Central Bank
Saudi Arabia Transfers ‘$40 Billion’ To PIF
Saudi Arabia’s sovereign wealth fund tapped $40 billion from foreign reserves to fund overseas investments.
Coronavirus wipes off $420 billion from China’s stock market
The market selldown is despite apparent moves by regulators to curtail selling. Adding to investor worries is the economic impact of the coronavirus.
Bitcoin Mining Worsens Global Warming Effect
New study shows that crypto-currency mining could hasten global warming.
Greece Proceeds With Two Plans To Deal With Bad Loans
Greece is preparing parallely on asset protection scheme for cutting down on the pile “sour loans”.
Norwegian Unemployment Drops To Lowest In Nine Years
The analysts’ prediction of rate hike for September has been reinforced with the performance of May 2018.
Bank of England interest rate hike signal is a target not a promise: BoE’s Deputy Governor
The comments come in the wake of the central bank having to manage the consequences of Brexit, including stoking inflation, whose widespread ramifications weren’t mapped out during the historic referendum.
‘Calmer Markets’ Boost Revenue Growth Of The Leading Global Banks
12 largest investment banks in the world recorded revenue increment in the first half of 2017.
China Creates Record In Extending New Loans
The approaching Lunar New Year in China brings good tidings for the loan applicants as their quota was made broader.
