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- Global Market: China holds rates steady as markets await fresh stimulus signalsChina's central bank has kept its key lending rates unchanged for the twelfth month. This signals caution from policymakers despite signs o...
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- China's credit growth slips below estimatesApril marked a significant slowdown in China's credit growth, tumbling below projections. Banks curtailed the issuance of new loans, while ...
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- U.S. Treasury to borrow $2 trillion in 2026 as national debt nears $39 trillion — is America quietly entering a dangerous fiscal crisis beyond Washington’s control?U.S. Treasury is set to borrow over $2 trillion in fiscal year 2026, a federal deficit exceeding 6% of GDP. The Office of Management and Bu...
- Trump likes the idea of government owning some US companies but took a pass on Spirit AirlinesPresident Trump showed interest in government taking over companies like Spirit Airlines. He saw these moves as financial wins and a way to...
- China leaves benchmark lending rates unchangedThe one-year loan prime rate (LPR) was kept at 3.1%, while the five-year LPR was unchanged at 3.6%.
- China's big banks to cut existing mortgage rates starting on October 25Four major state-owned Chinese banks, including China Construction Bank Corp and Bank of China, will reduce existing mortgage rates by up t...
- China unveils fresh stimulus to boost economy: To cut mortgage rates amid property crisisChina's central bank on Tuesday unveiled fresh measures to boost the struggling economy, cutting the amount of cash banks must hold in rese...
- China set to cut rates on over $5 tn of mortgages this monthSome banks are making final preparations to get ready for the upcoming adjustments on mortgage rates, said the people, asking not to be ide...
- Major Chinese banks cut deposits rates, paving the way for mortgage rate cutsThree sources familiar with the matter told Reuters on Tuesday that major state banks would cut deposit rates as they prepare to lower inte...
- China banks to cut interest rates in stimulus bidThe big state-owned lenders are working on reducing rates on the majority of the nation's 38.6 trillion yuan ($5.3 trillion) of outstanding...
- China banks to cut rates on mortgages and deposits in stimulus to economyChina's state banks are planning to cut rates on existing mortgages in an effort to boost consumer spending. The reductions will only apply...
- China seen cutting key lending benchmarks as economy slowsRecent economic data showed the retail and factory sectors struggling to sustain the momentum seen in the first quarter, raising concerns C...
- China property protests threaten to dent $220 bln of banks' mortgage loansThe widening home buyer protest in China adds to the woes for the country's property sector, which accounts for a quarter of the economy, a...
- China cuts mortgage reference rate for second time this yearThe five-year loan prime rate (LPR) was lowered by 15 basis points to 4.45% from 4.60%, while the one-year LPR was unchanged at 3.70%.
- People's Bank of China tells banks to quicken mortgage lendingIt asked commercial banks to speed up the granting of home loans and to set mortgage rates at reasonable levels at a meeting on Monday.
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