Financial Services

Global stocks weighed down by China economy fears

Oct 8, 2018

Global stock markets lower after China cuts bank reserve requirement

China orders more lending to entrepreneurs amid trade spat

Oct 7, 2018

Chinese banks have been told by the government to lend more to entrepreneurs to help shore up flagging economic growth amid an escalating trade dispute with Washington

Signs emerge that rising rates could hinder small businesses

Oct 4, 2018

Rising interest rates rank low on small-business owners' list of problems, but some warning signs are starting to emerge

Fed chairman defends gradual pace of rate hikes

Oct 3, 2018

Powell says Federal Reserve's pace of gradually rate hikes is best approach to managing economy

NKorea said to have stolen a fortune in online bank heists

Oct 3, 2018

U.S. security firm FireEye says a North Korean group has stolen hundreds of millions of dollars by infiltrating the computer systems of banks around the world

World Bank cites 'deep concern' over Tanzania statistics law

Oct 3, 2018

World Bank cites 'deep concern' over Tanzania statistics law that criminalizes opposing data

Survey: Companies continue to pass health costs to workers

Oct 3, 2018

A survey finds more companies are sticking workers with a bigger share of the medical bill before health insurance kicks in

Spain's Supreme Court endorses imprisonment of ex-IMF chief

Oct 3, 2018

Spain's Supreme Court has confirmed a 4½-year prison sentence for former International Monetary Fund head Rodrigo Rato for misusing a Spanish bank's corporate credit card

Greek bank shares tumble amid fears over bad loans

Oct 3, 2018

Greek banking shares are down sharply amid investor fears over the lenders' need to reduce their large stock of bad loans

Fed Chair Powell says gradual rate hikes best approach

Oct 2, 2018

Fed chairman says gradual rate hikes best way to balance risks during extraordinary economic times

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.

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