China tightens rules on $1.3 trln credit card business
SHANGHAI – China unveiled tighter rules late on Thursday to better regulate its $1.3 trillion credit card industry, urging lenders to adopt a “prudent” growth strategy, and monitor risks more closely. Banks…
Daily FX trading volumes reach $1.86 trln in April, up 5% – CLS
LONDON – Average daily foreign exchange trading volumes in April hit $1.86 trillion, 5% higher than a year earlier as volatility shot higher and investors bought and sold more in spot and…
U.S. household debt nears $16 trln, but mortgage, auto loan demand wanes – NY Fed
(Reuters) – U.S. household debt rose to a record $15.84 trillion in the first quarter driven almost entirely by a $250 billion increase in home loan balances, but the rise was the…
European green, social, sustainable bond sales could reach 1.6 trln euros in 2026 – study
By Federica Urso (Reuters) – Sales of Green, Social and Sustainability (GSS) bonds in Europe could total 1.6 trillion euros ($1.68 trillion) by 2026, making up almost half of all new bond…
Russian central bank raises 1.4 trln roubles at 1-day deposit auction
– Russia’s central bank on Monday said it had raised 1.4 trillion roubles ($12.44 billion) at one-day “fine-tuning” deposit auction. The bank earlier on Monday provided banks with 2.1 trillion roubles at…
Women workers could drive $1 trln rise in U.S. GDP – Moody’s
By Federica Urso – The U.S. economy could get a $1 trillion boost over the next 10 years if female labor market participation grew to the levels seen in other developed economies,…
Russian central bank raises limit for Friday’s repo auction to 3 trln rbls
MOSCOW – The Russian central bank on Friday said it was raising the limit at a “fine-tuning” repo auction later on Friday to 3 trillion roubles ($35.55 billion) from 2 trillion roubles,…
‘Nobody is ready:’ Many U.S. cities lack resources to chase $1 trln infrastructure windfall
By Andy Sullivan – Erie, Pennsylvania could use a facelift. The lakefront city of 100,000 has been adding jobs and businesses downtown, but it remains saddled with vestiges of its industrial past:…
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