The maturing debt of “most” of these financing platforms had either been extended, restructured or replaced, Pan said, adding that financing costs for local government debt had fallen “significantly”. He also said the number of high-risk small and medium-sized banks had “nearly halved from the peak”. The central bank will aim to guide “reasonable” growth
Facing an economic crisis and consequently fewer US dollars and other hard currencies, Egypt floated a three-year sustainability panda bond worth 3.5 billion yuan (US$478 million) in October. Panda bonds – typically denominated in yuan and issued in China by non-Chinese organisations, including governments and corporations – have gained traction as traders and countries seek
Date 8/18/2024 2:07:37 PM (MENAFN– Jordan News Agency) Amman, August 18 (Petra) – The Agricultural Credit Corporation (ACC) has extended loans worth JD 2.616 million to 295 borrowers under the Irrigated and Rainfed Agricultural Land Development and Exploitation Project in the first half of 2024.This financial support is part
NEW YORK, Aug 15 (Reuters) – The average rate on the popular U.S. 30-year mortgage rate was little changed near the lowest level in over a year this week, as signs of cooling inflation have held down the Treasury bond yields used in setting home loan costs. The 30-year fixed-rate mortgage averaged 6.49% during the
Three famed “Big Short” investors say gold remains a top long-term bet. Danny Moses, Porter Collins, and Vincent Daniel went on CNBC to explain why they’re bullish. They cite rising debt levels, which they say could result in a “huge debasement” of the dollar. Thanks for signing up! Access your favorite topics in a personalized
Former US president Donald Trump looked eminently electable long before he became the target of an assassination attempt on July 13. His stock now appears to be even stronger as he prepares for the final stretch of a presidential race that is deepening bitter divisions in US society and is bound to deliver more surprises
Hong Kong Export Credit Insurance Corp (ECIC) has introduced a new insurance cover for trade loans offered by fintech start-up FundPark, which could open much-needed funding for the city’s fast-growing e-commerce sector. As part of the deal with FundPark, ECIC and French reinsurer Scor will provide insurance cover for the trade loan portfolio underwritten by
As the US economy shows signs of degradation with rising US debt metrics in the mix, the US dollar is bearing the implications of it all. The USD is now being dubbed a currency slowly inching towards its demise. With countries ready to gnaw at the US dollar’s reserve currency status, the American currency is
The Administration’s anti-crypto policies risk alienating voters of both parties. But the bigger, albeit also potentially misguided, picture may be about preserving America’s global economic power. Posted May 14, 2024 at 12:52 pm EST. David Z. Morris is a longtime technology and finance reporter, and the creator of Dark Markets, a newsletter about cryptocurrency, financial
(Kitco News) – The U.S. labor market has defied all expectations in 2024, but sentiment has started to shift as five months of consecutive outperformance come to an end. Heading into the weekend, markets continue to digest the disappointing nonfarm payrolls numbers. The U.S. economy created 175,000 jobs last month, according to the Bureau of