Posted by editor on March 16, 2017

China's central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates overnight.
The increase in short-term rates was China's third in as many months, and came a day after the end of the annual session of parliament where leaders warned that tackling risks from a rapid build-up in debt would be a top policy priority this year.

Posted by editor on March 15, 2017

Asian stocks consolidated recent gains on Wednesday before a U.S. central bank policy meeting that could signal how much monetary tightening to expect during the remainder of the year, with an immediate rate hike fully priced in by markets.
Though recent data, particularly out of China, has fueled a rally in Asian equities since the start of the year, investors are expecting more headwinds for emerging markets due to an increasingly hawkish Fed.

Posted by editor on March 13, 2017

Forecasters put the U.S. East Coast from New York City to Boston on a blizzard watch starting as early as Monday night, with authorities warning residents to prepare for the possibility of widespread power outages, road closures and flight disruptions.

Weather experts predicted the region could see 12 to 18 inches (30 to 45 cm) of wind-blasted snow from Monday to early Wednesday.

Posted by editor on March 10, 2017

China's corporate debt levels are excessively high, the head of its central bank said on Friday, as policymakers in the world's second-largest economy grow increasingly concerned about the risks from a rapid build-up in debt and an overheating housing market.

Banks cannot support firms with high leverage, People's Bank of China Governor Zhou Xiaochuan told reporters at a news conference on the sidelines of the annual parliament session.

But Zhou stressed that China's efforts to cut debt levels will take time, describing it as a medium-term process.

Posted by editor on March 09, 2017

Former British finance minister George Osborne is to be paid 650,000 pounds ($789,555) a year for working just 48 days a year at asset manager BlackRock (N:BLK), according to parliament's register of members interests.
BlackRock announced in January that Osborne would work as a part-time senior adviser to the BlackRock Investment Institute, an arm of the asset manager that serves as a think tank on investment strategy.

Posted by editor on March 08, 2017

Facebook Inc (NASDAQ:FB) said on Tuesday it appointed LinkedIn executive Susan Taylor as chief accounting officer, effective April 17.
Taylor, 48, comes in place of Jas Athwal who resigned as chief accounting officer last year.
Taylor is presently the vice president, controller, and chief accounting officer of Microsoft (NASDAQ:MSFT) Corp's LinkedIn Corp (NYSE:LNKD). She will resign from the professional social network effective March 24, Facebook said.

Posted by editor on March 07, 2017

Elite Iraqi security forces dislodged Islamic State militants from the main government building in Mosul on Tuesday, their last major city stronghold in Iraq, an Iraqi spokesman said.

A special Rapid Response team stormed the Nineveh governorate building and the surrounding government complex in an overnight operation, Lieutenant Colonel Abdel Amir al-Mohammadawi, a spokesman for the elite interior ministry unit, told Reuters.

"They killed tens from Daesh," he said, referring to the Islamic State group by one of its Arabic acronyms.

Posted by editor on March 06, 2017

Republican U.S. lawmakers expect to unveil this week the text of long-awaited legislation to repeal and replace the Obamacare healthcare law, one of President Donald Trump's top legislative priorities, a senior Republican congressional aide said on Sunday.

Since taking office in January, Trump has pressed his fellow Republicans who control Congress to act quickly to dismantle former Democratic President Barack Obama's Affordable Care Act and pass a plan to replace it, but lawmakers in the party have differed on the specifics.

Posted by editor on March 03, 2017

 Bangladeshi police have arrested the head of an Islamist militant group accused of inspiring followers to kill foreigners, the chief of the counter-terrorism unit said on Friday.

Shaikh Mohammad Abul Kashem, who founded an offshoot of the larger Jamaat-ul-Mujahideen Bangladesh (JMB) group, was picked up on Thursday night in the Senpara Parbata area of the capital, Dhaka.

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