China keeps lending rates on hold as room for monetary easing narrows

China keeps lending rates on hold as room for monetary easing narrows

China keeps lending rates on hold as room for monetary easing narrows
The national 90-plus-day non-mortgage balance delinquency rate edged down to 1.76% from 1.79% in Q1, but remained above the 1.70% recorded a year earlier. “Between March and June, we typically see non-mortgage debt levels rising and missed payments falling,” said Rebecca Oakes, Vice President of Advanced Analytics at Equifax Canada. “And while rising delinquency levels have…
The US economy regained its footing in August, adding 162,000 jobs and holding unemployment steady at 4.1%. That’s more than double Wall Street forecasts and enough to send Treasury yields surging on fresh expectations of a Federal Reserve rate increase at its September 15-16 policy meeting. The Bureau of Labor Statistics reported Friday…
Wealth taxes and similar proposals popping up around the country are giving advisors new factors to consider when building clients’ financial plans. Even so, they’re just one of many things that must be considered when helping clients choose where to live. Processing Content Existing taxes include New York City’s pied-à-terre tax; Washington state’s 9.9% levy…
After two defaults, New York-based Columbia Property Trust has struck a deal with its lenders to restructure approximately $1.8B of debt backing a seven-building portfolio. The June agreement will modify the debt, which is secured by buildings in San Francisco, Boston, New York and Jersey City, New Jersey, the San Francisco Business Times reported. It places…
China Confirms 261 Foreigners Missing After Himalayan Mudslide at Nepal Border Details and Impact of the Himalayan Mudslide BEIJING/TRISHULI, Nepal Aug 30 (Reuters) – China on Sunday said 261 foreign nationals from 23 countries were missing on the Tibetan side of a border crossing with Nepal following a mudslide which tore through the Himalayan region,…
Oil prices fell to more than a one-week low on Tuesday, as investors shrugged off supply concerns and Washington and Tehran’s intensifying war of words ahead of “economic D-Day.” Front-month Brent crude oil futures were last seen trading 3% lower at $89.40 per barrel, its lowest since Aug. 13. U.S. West Texas Intermediate crude oil…