SINGAPORE (Reuters) – China said on Saturday it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. Finance Minister Lan Foan told a news conference there will be more “counter-cyclical measures” this year,
China’s Ministry of Finance held a press conference on Saturday morning. Officials spoke about defusing local debt risks and stabilising the property market, adding the central government “has room” for further action and higher deficits. A specific figure for fiscal stimulus was not revealed. The conference followed announcements of broad plans from other state bodies,
A high-flying finance boss who paid for a stay at one of the world’s most famous hotels on his company card when his wallet was stolen was fired after bosses ‘disapproved of his lifestyle’, an employment tribunal heard. Simon Price was harshly sacked from his senior executive post at a global investment firm after he
Coast, based in Ringwood, will work with a broad range of limited companies nationwide, including growing SMEs, arranging finance solutions for all types of commercial assets, from vans and trailers to laptops and machinery. Billy Hart, head of sales at Coast and Dawsongroup finance, said: “Over the years, the Dawsongroup finance team has unearthed a
A suspected scam where people were sent emails pretending to be from Guernsey’s financial regulator was a training exercise run by another company, the regulator has said. The Guernsey Financial Services Commission (GFSC) said it had been made aware of a “possible phishing attempt” asking a firm and its staff to log into a site
(Bloomberg) — Stocks hit fresh all-time highs as big banks rallied after kicking off the earnings season with solid earnings. Most Read from Bloomberg The S&P 500 topped 5,800, heading toward its 45th record in 2024. The benchmark also extended gains into a fifth straight week — its longest winning run since May. The KBW
Consensus in the financial industry was that around 31,500 jobs would be added in Canada in September. (Photo by Creative Touch Imaging Ltd./NurPhoto via Getty Images) (NurPhoto via Getty Images) Headline Canadian labour market data defied expectations in September, with a net 46,700 jobs added and the unemployment rate dropping to 6.5 per cent, according
The discussion, organised by RUSI’s Centre for Finance and Security, brought together policymakers, private sector and academics to discuss the recent developments concerning the circumvention of sanctions against Russia, the EU’s diplomatic initiatives to strengthen their effectiveness, and potential strategies for enhancing outreach to third countries. As Sanctions Envoy, David O’Sullivan has conducted a series
“Our new bridging finance offers competitive terms underpinned by speed, flexibility, and tailored support when property professionals need to seize opportunities, including medium and long-term exit options.”– Asim Shirwani, Director of Originations for Bridging at Cynergy Bank Cynergy Bank’s new product offers short-term, flexible lending for residential, commercial and mixed-use properties – from single dwellings
Financial pressure and the current regulatory environment hinder small charities from growing, delegates heard at the Charity Finance Summit 2024 yesterday. Priya Singh, NCVO chair, said at the closing panel discussion: “I don’t need to tell a room full of financial people in the sector that there’s continual financial strain. “We are absolutely seeing that