China’s Central Bank has cut interest rates to a record low and has lowered the reserve-requirement ratios (RRR) for some lenders as Beijing seeks to revive the country’s sluggish economy which is poised for the slowest economic growth in twenty-five years. The interest rate cut by China’s Central Bank, the People’s Bank of China (PBOC), is the fourth cut … Continue reading
As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe. By Michael Snyder In Greece, a full blown bank run is happening right now. Approximately 2 billion euros were pulled out of Greek banks in just the past three days, Barclays says that capital controls are … Continue reading
By Zacks Equity Research Markets experienced an extremely volatile week with stocks making gains and taking losses on alternate trading days of the week. The Shanghai Composite Index moved above the 3,000-mark for the first time in three years on Monday. However, Chinese stocks experienced their steepest decline in nearly four years on Tuesday following a … Continue reading