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BEIJING (China Daily/ANN): China has asked state-owned financial institutions to remain focused on their main business and eliminate unnecessary operational hierarchies, while stepping up efforts to prevent risks from the inappropriate transactions of affiliates and false capital injection, the Ministry of Finance said on Wednesday (Dec 16).
NEW YORK: US and global stocks hit record highs on Wednesday as growing hopes of deals on U.S. fiscal stimulus and Brexit and the Federal Reserve's pledge to keep its benchmark interest rate near zero offset concerns over the economic impact of COVID-19
SYDNEY: Australia’s banking regulator said yesterday that starting next year banks will no longer have to hold a portion of their profit back, giving the green light to higher dividends, as economic conditions improve following the coronavirus pandemic.
SYDNEY: Australia's banking regulator said on Tuesday that starting next year banks will no longer have to hold a portion of their profit back, giving the green light to higher dividends, as economic conditions improve following the coronavirus pandemic.
ZHEJIANG: Chinese central bank officials aim to enrich policy tools labeled “green financing” to spur economic recovery and leverage more financial resources for achieving carbon emission reduction goals.
by Xinhua writer Yang Hairuo
TOKYO: The Bank of Japan (BoJ) is now even more unlikely to lower its negative interest rate following a move to cushion its impact on regional banks, according to a former BoJ official.
NEW YORK: Love it or hate it, a much broader universe of portfolio managers will soon have to take a stance on Tesla's stock, which surged 8% on Tuesday following the announcement that it will join the S&P 500.