The Federal Reserve has increased its benchmark interest rate to between 0.5% and 0.75% and has forecast a faster clip of increases next year. The move is seen as a response to President-elect Donald Trump’s […]
Banks must control credit to coal and steel firms that are violating capacity cuts, said the China Banking Regulatory Commission. Instead, the CBRC has encouraged banks to use financing for mergers and restructuring in the […]
The European Central Bank said Thursday that it will not ask eurozone states to enhance measures to limit asset bubbles. Eight countries were warned last month over asset bubbles, and most have begun bolstering policies, […]
The Federal Reserve’s forecast of three interest-rate increases in 2017 has surprised bond traders and has driven up the yield on the two-year Treasury. The US dollar jumped Thursday to the highest level against the […]
US homebuilder confidence in December reached the highest level since July 2005, according to an index from the National Association of Home Builders. “Though this significant increase in builder confidence could be considered an outlier, […]
PayPal is collaborating with Citigroup and Fidelity National Information Services to enable customers to load credit and debit cards into PayPal’s mobile wallet and pay at point of sale with a mobile swipe. The Wall […]
The Federal Reserve has told banks to accept additional funding costs of as much as $2 billion annually as it introduces a rule to protect the financial system. The rule for total loss-absorbing capacity aims […]
Only seven hours after its debut, Nintendo’s “Super Mario Run” has shot to the top of the charts for iOS downloads. And though it’s free to download, the game’s $10 purchase model to unlock all […]
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