Browsing Tag

Bank

China Slashes Interest Rates Again

China's Central Bank has decided to cut interests rates again to combat an economic slowdown. This time by 5.1%. The move is aimed at helping boost development. President Xi Jinping remains hopeful that this is hardly end to his country's…

China’s Economy is Slowing

Amazingly enough, for the 1st quarter of 2015, China's economy continues to actually put up less than expected final numbers. Expanding by just 7% in comparison to the data from last year, China is on its slowest economic trajectory since…

Taiwan Rejected by Chinese Bank

Well, this is embarrassing. China has officially dismissed a Taiwanese bank from entering into a regional affiliation of reserve capital. Apparently the bank was shot down because of its disagreeable name. Chinese officials claim that if…

South Korea Cuts Lending Rates Again

Things are going really bad for South Korea, financially speaking of course. Today, the country's central bank has decided to cut its key lending rate of 1.75%, which is a record low. It came as a surprise to most economic analysts, whom…

Bank in Southern Afghanistan Bombed

The Taliban have struck again this time in the city of Lashkar Gah in Southern Afghanistan, making December one of the group's most active months of 2014. Early Wednesday morning, suicide bombers detonated themselves inside Lashkar Gah's…