The problem that new bank loans flow into the stock market and the property market was not severe, and loans related to the real estate industry won’t be restricted, said Liu Mingkang, chairman from the China Banking Regulatory Commission (CBRC) yesterday. “Credit support to land reserve, realty development and individual housing mortgage will continue, and will also be more prudent.” The CBRC …

WASHINGTON -The US Federal Reserve appears to be flexing its independence with its sudden decision to raise the interest rate it charges on emergency bank loans though stock markets gave it a thumbs down. Read more…

The US Federal Reserve appears to be flexing its independence with its sudden decision to raise the interest rate it charges on emergency bank loans though stock markets gave it a thumbs down.

Renaissance Corporation says it has breached one of the terms of its bank loans and its new CEO is conducting a full review of the technology product distributor and retailer’s operations.