With the 19th National Congress of the Communist Party of China having just concluded, market watchers are intensely interested in what will happen next with the economy and the Renminbi (RMB). The New Renminbi Reality Forum organised by Bloomberg Live and ANZ Bank provided timely insights from the experts.
China's bad debt markets are such a hot commodity that distressed assets are being sold on Alibaba’s Taobao ecommerce platform alongside household products. But the IMF warns the situation is unsustainable.
Regulators in the UK, the US and Hong Kong instituted proceedings against more than 1,700 individuals last year, or four times the number of cases brought against companies.
The one-notch downgrade by the credit ratings agency is the first for nearly 30 years.
In the wake of the global financial crisis, correspondent banking relationships have reduced globally by 25% reports Accuity.
A special report from SWIFT shows that despite the impact of Brexit, the UK capital remains the preeminent global foreign exchange and payment centre.
In its latest report, the International Monetary Fund notes that many governments have eased up on austerity measures.
The new tool, which had input from financial institutions, insurers and environmental experts, considers drought scenarios in Brazil, China, Mexico and the US.
The telecom giant was found guilty by the US Justice Department of breaking sanctions imposed on Iran by shipping US-made equipment to the country.
The People’s Bank of China has promised to establish a “more convenient and friendly environment”.