Congress Financial Reform


  • BEIJING, Nov 10- China's $7 trillion card payment market is open to foreign and local applicants and regulators will not set a limit on the number of cards that issuers can grant in China, an official of the central bank said at a forum in Beijing on Tuesday. Significantly, overseas bank card providers such as Visa Inc and MasterCard Inc won't have to establish joint...

  • 'China isn't a great long-term economic planner'

    China's political leaders will focus Fifth Plenum discussions on economic growth, says John Lee, senior fellow at Hudson Institute.

  • China needs to prioritize reforms: IMA Asia

    Richard Martin, executive VP of IMA Asia, says China's 12th five-year plan contains contradictions and a lack of focus on reforms.

  • ISDA on the progress of post-GFC reform

    Scott O'Malia, CEO of the International Swaps and Derivatives Association, discusses global financial and capital reforms post-2008.

  • Puerto Rico could be completely illiquid by November, pushing it closer to defaulting on major debt payments, top officials said.

  • Starling Bank: Changing UK’s banking sphere

    Starling Bank CEO, Anne Boden, explains why mobile is enough for people to manage their current accounts.

  • A trader signals offers in the Standard & Poor's 500 stock index futures pit at the CME Group in Chicago.

    The CME Group plans to raise transaction fees on a host of products starting Jan. 1, 2016, pending regulatory approval, the exchange said on Monday.

  • China Q3 growth to be below consensus: OCBC

    Tommy Xie, economist for treasury research and strategy at OCBC Bank, reckons China's Q3 GDP will come in at 6.7 percent, with little support from the property sector.

  • Why SOE reform is crucial for China

    China's state-owned enterprises (SOE) need to boost productivity, which is becoming a top priority for Beijing, notes Uwe Parpart, MD and head of research at Reorient Financial Markets.

  • India's Prime Minister, Narendra Modi.

    With reform momentum stalling, a swift depreciation in the rupee and subdued export demand, Indian business confidence is fast waning.

  • This could spark a market correction in India

    Sanjeev Prasad, senior executive director & co-head, institutional equities at Kotak Securities, says the political stalemate in India could take a toll on market sentiment.

  • China's surprise currency move is 'historic': Pro

    Christoffer Moltke-Leth, head of sales trading, Asia Pacific at Saxo Capital Markets, says the devaluation of the yuan on Tuesday marks a shift to a more market-based currency policy in China.

  • Where will Greece go from here?

    Christophe Crombez, consulting professor at The Europe Center of Stanford University's Freeman Spogli Institute for International Studies, discusses Greece's next step.

  • These EU members may not support Greek deal

    Among the European Union members, Germany, Finland and Holland may vote 'No' to Greece's new rescue package, says Charles Ries, Former U.S. Ambassador to Greece from 2004-2007.

  • After intervention, Can Chinese reforms get back on track?

    Neo Teng Hwee, MD, CIO & Head of Investment Products & Advisory at UOB Private Bank, says Beijing's recent intervention is at odds with its structural reforms.

  • What to expect from China's data deluge

    Jian Chang, Chief China Economist at Barclays, is anticipating an upside surprise for June industrial output.

  • How China stocks impact economic growth

    Julian Evans-Pritchard, China Economist at Capital Economics, explains the relationship between a falling stock market and economic growth.

  • Euro: Should you be bullish or bearish?

    Ed Ponsi, Managing Director at Barchetta Capital Management, believes the common currency will remain in the 1.05-1.13 range against the greenback.

  • What happens to the euro after Greece deal?

    Jonathan Cavenagh, Senior FX Strategist at Westpac, says the euro could hit 1.05 or 1.06 per dollar over the next two to three months.

  • Despite 'agreekment,' Athens is still in trouble

    John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.