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The head of the Bank of England and the chairman of the International Financial Stability Board, Mark Carney, gave an interview to the BBC, timed to coincide with the tenth anniversary of the beginning of the global financial crisis of 2008. On September 15, 2008, with the bankruptcy of Lehman Brothers, the world's worst economic recession began in the 1930s. In an interview, Carney said that he consider China's financial system one of the main risks to global financial stability, which has accumulated many prerequisites, similar to those that were observed before the 2008 crisis, including a high level of debt. The main risks for the UK economy Carney sees in the growth of household lending, the growth of cyber attacks on the banking system and the country's withdrawal from the EU without an agreement on access to a single market.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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