US stocks slump on bank results, China credit squeeze
US stocks slump on bank results, China credit squeeze
Wall Street stocks slumped Wednesday amid mixed earnings results from key banks and credit tightening by global economic growth driver China.
Read more on The Times of India
(AFX UK Focus) 2010-01-19 00:49 China urges bank caution on steel mill loans -report
(AFX UK Focus) 2010-01-19 00:49 China urges bank caution on steel mill loans -report
BEIJING, Jan 19 (Reuters) – China’s banks have been urged to pay closer attention to the credit risks of local steel mills, which are struggling with soaring stockpiles and a possible supply glut, the official China Securities Journal reported. The newspaper said regulators issued a notice on January 6 urging banks to carry out thorough investigations into the health of steel mills before …
Read more on Interactive Investor
Categories: credit unify Tags: 0049, 20100119, Bank, caution, China, Focus, Loans, mill, Report, steel, urges
Asia markets fall as China moves to curb credit
Asia markets fall as China moves to curb credit
Fears that the global recovery may lose steam weighed on Asian shares Wednesday as China moved to curb its credit boom and Wall Street’s earnings season got off to a weak start.
Read more on AFP via Yahoo! News
China attempts to avert credit surge
China attempts to avert credit surge
ECONOMY China took new steps to control bank lending, ordering institutions to set aside more reserves in order to avert a surge in credit that Beijing worries might fuel inflation or asset price bubbles.
Read more on Washington Post
China ADRs slide as central bank tightens credit
China ADRs slide as central bank tightens credit
American shares of Chinese stocks mostly traded lower Tuesday after China’s central bank moved to tighten credit, raising the amount of money banks are required to keep on reserve.
Read more on AP via Yahoo! Finance
China consumers to overtake U.S. in a decade: Credit Suisse
China consumers to overtake U.S. in a decade: Credit Suisse
BEIJING (Reuters) -Household income in China surged in the last six years, especially for top earners, putting the country on track to eclipse the United States as the biggest consumer market in a decade, Credit Suisse said in a report on Tuesday.
Read more on Reuters
China Raises Banks’ Reserve Ratio to Cool Economy (Update2)
China Raises Banks’ Reserve Ratio to Cool Economy (Update2)
Jan. 12 (Bloomberg) — China raised the proportion of deposits that banks must set aside as reserves to cool the world’s fastest-growing major economy as a credit boom threatens to stoke inflation and create asset bubbles.
Read more on Bloomberg
China Targets ‘Moderate’ Loan Growth After 2009 Credit Boom
China Targets ‘Moderate’ Loan Growth After 2009 Credit Boom
Jan. 7 (Bloomberg) — China’s central bank said it will target “moderate” loan growth in 2010, adding to signs that policy makers won’t allow a repeat of last year’s record expansion in credit.
Read more on Bloomberg
Categories: credit unify Tags: 2009, after, Boom, China, Credit, Growth, Loan, Targets, ‘Moderate’
China to Limit Credit to Counter Property Speculation (Update2)
China to Limit Credit to Counter Property Speculation (Update2)
China will limit credit for some home purchases to reduce speculation and rein in surging prices, Housing Minister Jiang Weixin said.
Read more on BusinessWeek
Categories: credit unify Tags: China, Counter, Credit, Limit, property, Speculation, Update2