The move comes as Beijing fights a costly trade war with the United States while looking for ways to keep its growth going.
Tag: Banking and Financial Institutions
Chance of No-Deal Brexit Hampers Bank of England’s Powers of Prediction
Britain’s central bank said economic growth had probably flattened, weighed down by global concerns and uncertainty over the coming departure from the European Union.
European Economy Slows, Raising Expectations of E.C.B. Action
The eurozone economies grew 0.2 percent last quarter, and inflation remains far below the European Central Bank’s target.
E.C.B. Says It Is Ready to Restart Economic Stimulus Measures
The central bank said it is weighing options for pushing up inflation, which has remained stubbornly below the level considered optimal for growth.
China’s Economic Growth Hits 27-Year Low as Trade War Stings
Rising tariffs on Chinese goods sold to the U.S. are taking an increasing toll, but the country is also suffering from cracks in its financial system.
Global Recession Risks Are Up, and Central Banks Aren’t Ready
The world’s monetary authorities have limited policy space, and it’s unclear whether their backup plans will suffice to bolster growth and inflation.
Deutsche Bank Scales Back Ambitions, Announcing Job Cuts and Reorganization
The bank that once symbolized German economic prowess is effectively abandoning hope of playing in the same league as Wall Street banks, and struggling to remain relevant.
E.U. Nominates Two Women for Top Jobs as Bloc’s Unity Is Tested
The European Union made history, putting forward Ursula von der Leyen as Commission president and Christine Lagarde to lead the European Central Bank.
The Week in Business: Stocks Hit a Record High, and Facebook Wants to Replace Your Bank
Plus, tensions with Iran reach a boiling point and Trump’s meeting with China’s president.
U.K. Official Suspended for Forcing Out Climate Protester by the Neck
TV footage showed Mark Field, a senior foreign policy official, jump from his seat and grab a protester at an event Thursday night.