Hints and tips:
Related Special Reports
...In some cases, developers with loans coming due are simply cutting their losses by “giving the keys back to the bank”, as they say....
...It found that members would need to make at least £1bn in savings and use £350mn in reserves, even after raising council taxes, to balance the books....
...Just imagine / From Rosario A Iaconis, Adjunct Professor, Social Sciences Department, Suffolk County Community College, Mineola, NY, US When the Starman cometh / From Marc Hudson, Stone, Staffordshire...
...Zhongzhi was founded in 1995 by the late tycoon Xie and became one of the biggest non-bank financiers in China....
...Hudson Lockett...
...People’s Armed Forces departments were historically affiliated to the People’s Liberation Army’s recruitment efforts at the county and village level under Mao....
...But missed bond payments from real estate developer Country Garden and on savings products linked to investment conglomerate Zhongzhi this month have increased alarm among observers....
...“Considering all those factors, they wound up not saving money [compared with] traditional mowing,” the person said. “[The sheep] were super cute, and our customers loved them, but alas.”...
...Earlier on Friday, the People’s Bank of China intensified its efforts to stop a slide in the renminbi, just three days after it made an unexpected cut to interest rates aimed at pepping up consumer confidence...
...But despite optimistic predictions from many of Wall Street’s biggest banks, the market was already nearing the top....
...While China’s consumers are sitting on large piles of savings and property prices are affordable by historical standards, many developers lack the funds to complete projects after a prolonged downturn....
...Banks increasingly use chatbots to steer help requests....
...Winnie Wu, China equity strategist at Bank of America, agreed that the future did not appear bright for Chinese internet groups in particular....
...When the state-backed Postal Savings Bank of China unveiled a Rmb50bn ($7bn) credit line to Country Garden in November, it appeared China’s biggest private homebuilder would survive a sector-wide liquidity...
...Hudson Lockett How resilient is German industrial production? German industrial production is expected to have expanded in February, continuing the strong rebound registered in January....
...Chinese households are sitting atop the biggest pool of new savings in history — accumulating $2.6tn of bank deposits last year alone as strict anti-coronavirus policies crushed consumer spending....
...“Clearly there is work we still need to do,” Klaas Knot, chair of the FSB, told the Financial Times. “We are moving from policy development to policy implementation,” he said....
...Xu pointed to China’s high national savings rates, which, at more than 47 per cent of GDP in 2022, are double the world average, as one symptom of the problem....
...As hyper-cautious consumers get a bit more confident, the household savings rate has fallen (though it is still high)....
...We will make it easier for people to save for the long term with a new British Savings Bond, delivered through National Savings and Investments, offering savers a guaranteed rate, fixed for 3 years....
...The court case, Held vs Montana, was filed in March 2020 in Lewis and Clark county, which is where the state capital of Helena is located....
...Emma Thompson, who starred as Mary Poppins author PL Travers opposite Hanks’s Walt Disney in Saving Mr Banks (2013), says that mega-fame “tends to change people....
...Erdoğan is on his fourth central bank governor since Şimşek’s departure as the president has pushed the central bank to lower its main rate from a high of 24 per cent in 2018 to the current level of 8.5...
...Joanna Kearns, 42, of Broward County, Florida, said the end of the pause was “unfair.”...
...For the average nurse, it is a saving of over £520 and for the typical police officer it is a saving of over £630 every single year....
International Edition