…China cut its mortgage lending rate for the second time in a year last week as the People’s Bank of China attempts to limit the damage from the liquidity problems pummeling the property sector….

About six weeks ago, Moufida Rahmon started seeing her neighborhood with different eyes.

On Saturday, August 27, 2022, the global market capitalization of all the crypto assets in existence dropped under the $1 trillion mark and the leading crypto asset bitcoin slipped below the $20K region for the first time since mid-July.

…makes it more difficult for central banks to control price pressures,” Schnabel said….

…be imposed if we are to reduce bills significantly without forcing the Bank of England into even bigger interest rate rises. None of this is…

Bitcoin was trading close to $20,000 to start the weekend, as traders reacted to comments from U.S. Fed Chair Jerome Powell during Friday’s Jackson Hole summit.

…Last year, several major Wall Street banks , including JPMorgan Chase and Citigroup, lifted salaries for junior bankers. Corporate law firms have also been locked in an aggressive pay war….

…At the end of June, Cineworld was due to make a $170mn payment to a group of former Regal shareholders and was expected to make a payment to banks for a revolving credit facility. Both were missed….

After reports that merchants and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant people” of working to tarnish the project.

…Third, markets went from following the central bank’s guidance to sidestepping it. Indeed, this may well be the least credible Fed in the markets’ estimation since the 1970s….