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China removes 75% cap on loan-to-deposit ratio China removes 75% cap on loan-to-deposit ratio Facing economic downturn, China today removed 75 percent loan-to-deposit ratio stipulation for its commercial banks to improve liquidity and imposed USD 2.5 trillion as ceiling for local governments to control the spiralling debt.
IMF's Lagarde says restructuring should suffice for Greek debt IMF's Lagarde says restructuring should suffice for Greek debt A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.
Barack Obama defends Shell Arctic drilling decision Barack Obama defends Shell Arctic drilling decision Two days before heading to Alaska to raise climate change awareness, US President Barack Obama on Saturday defended his controversial decision to allow Shell to drill in the Arctic`s Chukchi Sea.
Ex-NOTW editor Rebekah Brooks may rejoin Murdoch empire: FT Ex-NOTW editor Rebekah Brooks may rejoin Murdoch empire: FT Media mogul Rupert Murdoch's News Corp is believed to be in talks with former 'News of the World' editor Rebekah Brooks for her return as chief of its UK division four years after she had quit amid the phone-hacking scandal, a newspaper reported.
China defends Yuan devaluation, sees 'limited' impact China defends Yuan devaluation, sees 'limited' impact China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment".
Myanmar approves first-ever national minimum wage Myanmar approves first-ever national minimum wage Myanmar's government has approved the country's first-ever national minimum wage, state media reported Saturday, after months of bitter negotiations with labour groups and employers.
China fears keep markets on edge as stocks rally China fears keep markets on edge as stocks rally Top global markets ended the week Friday largely recovered from China-induced panic selling, but market watchers remain worried the turmoil in the world`s number two economy will drag down global growth.
Fed says rate hike next month hinges on market volatility Fed says rate hike next month hinges on market volatility The US Federal Reserve on Friday left the door open to a September interest rate hike even while several central bank officials acknowledged that turmoil in financial markets, if prolonged, could delay monetary policy tightening.
Oil extends short-covering frenzy to second day, topping $50 Oil extends short-covering frenzy to second day, topping $50 World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.
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