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France's central bank revises down quart...
PARIS, March 11 (Xinhua) -- The Bank of France on Monday revised down its forecast for first-quarter economic growth to 0.3 percent from a previous estimate of 0.4 percent. The central bank of France
Spanish economy growing in stable manner...
MADRID, March 18 (Xinhua) -- The Spanish economy is growing in a stable manner, the Bank of Spain said on Monday when it published its quarterly report. The Bank of Spain confirmed in the report titl
U.S. Treasury official Malpass becomes o...
WASHINGTON, March 14 (Xinhua) -- The World Bank announced on Thursday that David Malpass, undersecretary for international affairs at the U.S. Treasury Department, is the only candidate for the next
Russian central bank sees end-2019 infla...
MOSCOW, March 22 (Xinhua) -- The Russian central bank said Friday it had lowered its forecast for inflation at the end of 2019 to 4.7-5.2 percent from a previous 5.0-5.5 percent on lower than expecte
World Bank approves 165 mln USD to help ...
DHAKA, March 9 (Xinhua) -- The World Bank (WB) approved a 165-million-U.S. dollar grant to provide basic services for Bangladesh and build disaster and social resilience for the Rohingyas who fled vi
China's central bank injects liquidity i...
BEIJING, March 15 (Xinhua) -- China's central bank injected liquidity into the money market through reverse repos Friday. The People's Bank of China (PBOC) conducted 20 billion yuan (about 2.98 billi
S.Korea's bank lending rate falls for 3 ...
SEOUL, Feb. 26 (Xinhua) -- South Korea's bank lending rate fell for three straight months amid an expected delay in the policy rate hike, central bank data showed Tuesday. Rate for new bank loan to h
Beijing issues 1st gov't bond to smaller...
Beijing will issue 2 billion yuan (298 million U.S. dollars) in local government bonds Friday, available over the counter at commercial banks for the first time to smaller investors. Individual, smal
Beijing issues 1st gov't bond to smaller...
BEIJING, March 28 (Xinhua) -- Beijing will issue 2 billion yuan (298 million U.S. dollars) in local government bonds Friday, available over the counter at commercial banks for the first time to small
Sri Lanka clinches loan pact with Chines...
COLOMBO, March 22 (Xinhua) -- Sri Lankan Finance Ministry on Friday signed a concessional loan agreement with the Export-Import Bank of China (China Exim Bank) on a mega expressway project. The agree
China scales up rural sanitation to embr...
Residents in Nuanshui Village carry rubbish to a "waste bank" every day. They are willing to stand in a long queue waiting to turn their waste into daily necessities. Sitting in the city of Dexing i
Fed Chairman Powell highlights patience ...
WASHINGTON, Feb. 26 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell told Congress Tuesday in a testimony that the central bank will be "taking a patient approach" in determining future change
JPMorgan merges commercial banking group...
JPMorgan Chase Co said on Monday it is combining its middle-market technology and emerging growth commercial banking teams to better position the bank to handle startups that rapidly grow to be big c
U.S. slaps sanctions on Russian bank ove...
The United States on Monday imposed sanctions on a Russian bank which it claimed has business ties with a designated Venezuelan state-owned oil company, the latest move to drain off financial suppor
U.S. regional non-manufacturing sector c...
HOUSTON, March 26 (Xinhua) -- Business activities in the non-manufacturing sector in some eastern U.S. states continued to grow in March, the Federal Reserve Bank of Philadelphia reported on Tuesday.
Fed Chairman Powell reiterates patience ...
WASHINGTON, Feb. 26 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell said on Tuesday that the central bank will be patient in charting out the course for future monetary policy, warning that t
Economic Watch: China to maintain ample ...
BEIJING, March 11 (Xinhua) -- The fall in China's new bank loans in February was mainly caused by seasonal factors, and the country will continue to maintain market liquidity at a reasonably ample le
China to maintain monetary policies, arb...
Bank loans increased by 3.23 trillion yuan （0.48 trillion U.S. dollars）in January, credit numbers announced last week by the People's Bank of China (PBOC) showed. At the same time, total social finan
Palestinian gov't calls for int'l protec...
RAMALLAH, March 20 (Xinhua) -- The Palestinian government on Wednesday called for international protection for the Palestinian people, after the killing of three Palestinians in the West Bank overnig
U.S. regional non-manufacturing sector i...
HOUSTON, Feb. 26 (Xinhua) -- Business activities in the non-manufacturing sector in some eastern U.S. states improved in February, according to a report of the Federal Reserve Bank of Philadelphia re
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