The People's Bank of China (PBoC) eased short-term borrowing costs for banks on Thursday, a "strong signal" that a rate cutting cycle is near.» Read More
OTTAWA/ LONDON, Sept 18- Canada, one of the harshest critics of Russia's involvement in Ukraine, this week quietly cancelled sanctions against Expobank and RosEnergoBank, two small Russian banks on which it imposed the measures earlier this year.
BEIJING, Sept 18- China's new home prices fell in August for a fourth straight month and declines spread to a record number of cities, underlining a deepening downtrend in the property market that is increasingly weighing on the broader economy.
*SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
ATLANTIC CITY, N.J.— Atlantic City's casino revenue declined by 1.2 percent in August compared with a year ago as another gambling hall shut down at the end of the month. Figures released by the New Jersey Division of Gaming Enforcement began to show the impact Atlantic City's casino consolidation is having on the market's revenue stream.
BRASILIA, Sept 9- Brazilian President Dilma Rousseff has recovered ground and would be tied in popular support with opposition politician Marina Silva in a runoff vote in October, a new poll showed on Tuesday, though a festering corruption scandal threatens to complicate Rousseff's re-election bid.
BRASILIA, Sept 9- Brazil's President Dilma Rousseff has narrowed environmentalist Marina Silva's lead in a likely presidential election runoff in October, a new opinion poll showed on Tuesday, but a new political corruption scandal could hurt her re-election bid.
RIO DE JANEIRO, Sept 9- Moody's Investors Service on Tuesday said it may cut Brazil's credit rating in the next couple of years as the economy slows down, putting added pressure on whoever is elected president in October to change course on economic policy.
Sept 9- Moody's Investors Service lowered its outlook on Brazil's government bond rating to' negative' from' stable', saying the country's sustained low economic growth and worsening debt metrics reflected a risk of reduced creditworthiness.
It is getting harder to find free parking for large sums of euros and investors are making desperate moves in their search for safety, NYT reports.
SAN FRANCISCO, Sep 3- In January, Linden Texas native Richard Bowden suffered a mild stroke. "They checked me out real good," said the former city councilor, whose East Texas community of nearly 2,000 has relied on the Linden hospital since the 1960 s. Small, rural hospitals like Linden have always struggled to remain viable, but things are getting worse, fast.
China's parliament has formally approved changes to the budget law allowing local governments to issue bonds directly.
Mobile internet is China's most lucrative sector according to Fosun International, the country's largest private investment firm.
Aug 26- DBRS Ltd, the privately held credit rating agency that competes with Standard& Poor's Financial Services LLC, Moody's Corp and Fitch Ratings Inc, is exploring a sale, according to people familiar with the matter.
SHANGHAI, Aug 25- Mongolia and China agreed a three-year bilateral currency swap arrangement for 15 billion yuan, in a deal signed last week during a visit by China's president Xi Jinping. Xi also signed 26 new deals on railroads, mining and power generation with Mongolia during a state visit that began on August 21.
The China property market's lack of mortgage securities has allowed it to skirt one of the systemic causes of the U.S. property crash, until now.
Corporate Asia has taken advantage of ultra-low interest rates, loading up on debt, but with rates set to rise, there may be risks ahead.
NEW YORK, Aug 15- Coca-Cola Co's $2.15 billion wager on a stake in Monster Beverage Corp highlights the growth-starved soft drink company's embrace of deals that fall short of a full-blown merger and acquisition but allow it to test-drive potentially risky targets.
NEW YORK, Aug 15- Puerto Rico managed to keep its electricity flowing this week- but creditors made it clear that the crisis enveloping the island's power utility is far from over.
Aug 13- New Jersey Governor Chris Christie said on Wednesday he would convene a bipartisan summit in September to seek ways to rescue Atlantic City from a slump in its mainstay casino business. Atlantic City has struggled with casino closures as neighboring states have lured gamblers away.
The number of "super-aged" societies are set to quadruple by 2020, with smaller workforces and lower household savings set to drag economic growth.