The central bank’s move is aimed at reining in an unbridled real estate market and inflation in China. The move sends stocks and commodity prices plunging around the globe and raises new concerns about the U.S. recovery.
Reporting from Washington and Beijing — A surprise interest-rate hike by China raised the prospect Tuesday that the world’s [...]
Posts Tagged ‘real estate sector’
China’s interest-rate hike causes turmoil
October 19th, 2010 by Financial Writer
Tags: business, businesses, economic recovery, financial system, Global Economy, real estate sector, us economic
more...China’s top banks face harsh reality after strong H1
August 26th, 2010 by Financial Writer
Top Chinese lenders ICBC (1398.HK) and Bank of China (3988.HK) signaled a peaking of earnings growth after strong second-quarter profits, as they slowed their lending and focused on asset quality.
Chinese banks, which are trying to become more commercial and move away from their policy-based lending past, have benefited over the past year from a jump [...]
Tags: bank of china, Chinese economy, economy recovery, financial system, Global Economy, money, real estate sector
Ahead of the Bell: Leading economic indicators
January 21st, 2010 by Financial Writer
Analysts expect that a private forecast of U.S. economic activity rose at a slightly slower pace in December, signaling that the slow, bumpy recovery from the recession was likely to continue.
The Conference Board’s index of leading economic indicators likely rose 0.7 percent last month, according to Wall Street economists surveyed by Thomson Reuters. The index, [...]
Tags: economic indicators, economy recovery, real estate sector, recession, stock prices, unemployment, us economic