Huaxia Bank H1 profit up 5.06 pct

Xinhua News Agency | Aug 18, 2019 at 12:56 AM

Huaxia Bank, a medium-sized Chinese lender, reported a 5.06 percent rise in net profit in the first half of the year.

China sees surge in loans to small, micro firms

Xinhua News Agency | Aug 18, 2019 at 12:28 AM

China saw a surge in the outstanding sum of loans to small and micro companies in the first half of this year thanks to the government’s support for inclusive finance.

Financial services: City fears dramatic shifts in sterling

The Times | Aug 18, 2019 at 12:01 AM

It is almost a throwaway line in the document, but it could be one of the most significant: “Some UK cross-border financial services will be disrupted.”For an industry that contributed £132bn to the economy last year, equivalent to 6.9% of total output, any interruption to business is significant. A

Another Republican Recession?

Forbes | Aug 18, 2019 at 12:00 AM

Some economists and the financial media wonder whether the latest tariff Tweet may weaken the economy enough to cause a recession. Many are wondering if the administration’s economic team is up to the challenge.