China's financial system has three important 'tensions,' the IMF says

The first tension in China's financial system, according to the IMF, is the rapid build-up in risky credit that was partly due to the strong political pressures banks face to keep non-viable companies open, rather than letting them fail. Such struggling firms have, in recent years, taken on more debt to achieve
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LONDON (REUTERS) – A wide-ranging reform of European financial markets called MiFID II will cost European investment banks around 2.6 per cent of annual revenues, equating to US$4.4 billion a year, according to industry analytics firm Coalition. The new rules set to come into force on Jan 3 are
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John Dowd, Donald Trump's lawyer, enters federal court in New York, U.S., on Thursday, May 5, 2011. Peter Foley—Bloomberg via Getty Images. By David Alan Sklansky. December 6, 2017. Earlier this week, Donald Trump's personal lawyer, John Dowd, said that the president “cannot obstruct justice.
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… movement from one hand to another, a solution to barter's one big problem: a lack of a double coincidence of wants—will produce policies that, despite their diversity and technical sophistication, solve almost next to nothing for those who are daily crushed and displaced by ever-rising housing prices.
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Perchwell, a real estate startup that competes with OLR and RealPlus, is moving into permanent digs in Soho. The company, which gives agents a single platform for managing listings, compiling market research and collaborating with clients, signed a seven-year lease for 3,500 square feet at SL Green
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T he Iranian government has managed to boost home ownership through allocation of bigger home loans at lower interest rates, which have significantly improved the real-estate market. As a result of the government's policies since President Hassan Rouhani began his second term in August 2017, the
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Cocoon Homes, incorporated in 2013, as a Joint Venture with Silk Invest UK Ltd, is an innovative real estate developer providing desirable homes in prime locations across Nigeria. Recently, Cocoon Homes partnered with Sustainable Cycling Foundation, organizers of the Lagos City Criterium to
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Popular gaming service Steam said Wednesday that it would no longer accept bitcoin from customers as payment for video games. Steam, which is owned by the video game developer Valve, cited the “high fees and volatility” associated with the popular cryptocurrency. Last year, Steam said it would
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What a difference three years can make. In 2014, when I worked as an American expatriate in China's technology industry, the country was widely viewed as a copycat nation, only capable of duplicating Western products. But today, Chinese tech companies have become innovation leaders in some key
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Property price gains in China are likely to slow due to official efforts to rein in the market, a top real estate executive said Thursday. “For years, the Chinese government has had the effort to control the speed of the fast-rising property price, so there's always been policies coming out to control the market,
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In June 2017, the federal government updated the “Protect Your Family from Lead in Your Home” booklet to expand the information provided on lead in drinking water from a few lines to a full page. Since 1996, when someone rents or buys a home built before 1978, the property owner or landlord is
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Koch Industries Inc. bought a new position in Old Republic International during the second quarter valued at approximately $385,000. … operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and
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(Steve Griffin | The Salt Lake Tribune) Former real estate guru Rick Koerber with his family the Federal Courthouse in Salt Lake City after a federal jury announced they were deadlocked over the allegations against him. Koerber was accused of illegal business dealings and running a Ponzi scheme.
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The failing housing market is leading to stark inequality between the old and young and the rich and the poor, officials told the new Government as they took office. The briefings for incoming Housing Minister Phil Twyford include show a 45,000 home gap in Auckland, as was previously reported by Stuff.
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A research paper by economist Fergal McCann states: “Relative to the 120,398 that are classified as being restructured by official Central Bank statistics, these numbers highlight that, when previously elapsed short-term arrangements are counted, the scale of mortgage modification in the Irish PDH
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According to economists consulted by the Financial Times (subscription required), the iPhone maker stands to see tax liabilities related to its overseas cash hoard decline to $29.3 billion from $78.6 billion. That savings of $47.3 billion is an amount of money greater than the market value of many Fortune
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(DETROIT) – A U.S.-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion. The prison sentence and
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Sen. Al Franken (D-Minn.) plans an announcement on Thursday amid a growing groundswell of senators—including Senate Minority Leader Chuck Schumer—calling for his resignation over sexual harassment allegations. The planned announcement raises speculation that Franken would step down,
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Redheads and bagel lovers may finally have a way to express themselves (and their passions) via their smartphones. This week, the Unicode Emoji Consortium—the folks in charge of picking emojis—released Emoji 11 beta. This list of 130 draft emojis could end up on your smartphone next year.
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Waterstone Mortgage, offering a broad spectrum of loans in 43 states, recently opened a new branch in Concord, Calif. The new office is led by branch manager Jaime Joyner, who has more than 20 years of experience in the mortgage industry. Joyner and her team came to Waterstone Mortgage from
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