BEIJING (Reuters) – China must protect against all handball in off-balance sheet loans in the so-called shadow banking sector, and must have non-executive assets available as soon as possible, the head of the country’s banking and insurance regulator said on Sunday. In recent years, China has struggled on the shadow …
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TOKYO (Reuters) – Japan was hit by its biggest economic contraction on record in the second quarter when the coronavirus pandemic burned businesses and consumer spending, keeping policymakers under pressure for bold action to prevent the recession from escalating. FILE PHOTO: People cross a street in a business district in …
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(Reuters) – The US drive to boost its economy in the midst of a pandemic came to a halt last week with signs that declining unemployment and business subsidies may have begun to take a toll. PHILO PHOTO: People who lose their jobs are usually waiting to work for unemployment …
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SHANGHAI / BEIJING (Reuters) – A sharp escalation of tensions with the United States has raised fears in China of a deepening financial war that could result in the closure of the world dollar system – a devastating prospect once considered far-fetched but now impossible . FILE PHOTO: Chinese yuan …
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(Reuters) – U.S. President Donald Trump’s weekend effort to hold stagnant congressional talks on the next coronavirus bailout package will not do much to boost the economy, experts said. US President Donald Trump speaks at a pandemic briefing on coronavirus (COVID-19) disease at the White House in Washington, USA, August …
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