Creditors to Puerto Rico's electricity provider were given a slight respite on Tuesday when the bonds’ trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority (PREPA) will soon use a new bankruptcy-like process to restructure...
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World shares were hovering around record highs as markets prepared for a European Central Bank and U.S. jobs data double-header, according to Reuters report. Investors were subdued before the two events, both usually big market movers. Stocks, benchmark bonds and the euro and dollar all...
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Hong Kong's offshore yuan business is an "ever-growing slice of cake, but if it doesn't want to eat it, that's its own problem”, a People's Bank of China official said. As Reuters reports, it was the reaction on protest movement calling for democracy in the...
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CB and Russian government may develop eventually a regulation for handling digital currency in Russia, as the first Deputy of the Russian Bank G. Letunovsky said. He also underlined that other countries use different methods to regulate Bitcoin: if on one hand China banned it...
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The State Bank of Vietnam recently announced that bad debts jumped to 4.03 percent of outstanding loans last April, from 3.93 percent in March, and 3.86 percent in February. The debts dropped from 4.55 percent last November to 3.61 percent in December, when the Vietnam Asset...
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The Ministry of Public Security police have asked prosecutors in Soc Trang Province to ratify charges against 27 suspects, including 25 bank officials, for allegedly orchestrating a loan scam involving a major seafood exporter that went bankrupt owing more than VND1.6 trillion ($75 million). The...
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An Australian parliamentary inquiry into foreign purchases in the domestic real estate market raised concerns at Chinese property investors who obtain finance through "shadow banking" in China, local media reported. The committee's deputy chair, Ed Husic, said the socalled "shadow banking" market in China was...
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The US Federal Reserve's decision to exit from so-called "quantitative easing" – its massive monthly purchases of long-term assets - is stoking fears of a hard economic landing in China, writes the Global Times. But China's strong economic fundamentals mean that policymakers have the...
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The average price of a property in London has leapt by more than a quarter over the past year, a rate of growth unequalled since the summer of 1987, according to the latest figures from the UK’s largest building society. Prices in the capital rose by...
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California lawmakers approved a bill Monday that lifted an outdated ban on the use of bitcoin and other alternative currencies, as more states seek to clarify and revise virtual currency laws. Technically, all transactions using digital or alternative currencies had been illegal in California until Monday AB...
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