+Vote!
Bob Piper (Free subscription) | 11 hours ago
Jon Cruddas - the time is right to create a People's Bank . "As the demand for fairness, security and trust grows by the day, the government should halt the ongoing break-up of Royal Mail and its subsidiary Post Office Ltd and reconstruct them as key institutions in British economic, financial, banking and community life. With relative ease, the government could create a universal People's Bank, based...
+Vote!
The Guardian (Free subscription) | 21 hours ago
Jon Cruddas: Free-market finance has failed. If the government truly realises, it will bring post offices to the rescue
+Vote!
People Daily (Free subscription) | 12 hours ago
China's macro-economic measures have begun to pay off; the national economy is developing in right direction; the financial system is sound and safe, according to the 3rd quarter session of the People's Bank of China (PBOC) monetary policy commission held recently. Flexible and prudent macroeconomic policies should be adopted in accordance with the changing situation at home and abroad, and the orientation,...
+Vote!
TUMEKE! (Free subscription) | 19 hours ago
China sees this as a US crisis. The Government mouthpiece's English language website : Deputy Governor of the People's Bank of China Yi Gang called for international cooperation here on Saturday to restore global financial stability. [...] While the advanced economies have slowed significantly since the U.S. sub-prime crisis, the emerging market economies have maintained robust growth but the deteriorating...
+Vote!
Xinhuanet (Free subscription) | 10/11/2008
Deputy Governor of the People's Bank of China Yi Gang called for international cooperation here on Saturday to restore global financial stability.
+Vote!
Welsh Ramblings (Free subscription) | 10/11/2008
Faced with the need to compensate our councils for the lost savings at Icelandic banks, after the Welsh Secretary refused the UK government's help, there is one option I think the Welsh Government should be considering (for further thoughts look at Adam Price's blog here ). The obvious risk with just handing over the more than £60 million needed by our local authorities, following the freeze of Icelandic...
+Vote!
People Daily (Free subscription) | 10/11/2008
China's central bank on Friday said it will continue international cooperation to tackle the global financial crisis and maintain market stability. The pledge came two days after the People's Bank of China (PBOC) announced an interest rate cut in a co-ordinated global move to revive solvency in the international financial system. The PBOC on Wednesday cut the benchmark lending and deposit rates by...
+Vote!
Pacific Epoch (Free subscription) | 10/09/2008
The Shanghai Composite Index fell 0.84% to close at 2,074.583, while the Shenzhen Composite Index sank 1.41% to close at 562.61 on Thursday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 35.875 billion and RMB 15.861 billion, respectively. The People's Bank of China announced...
+Vote!
NewMexiKen (Free subscription) | 10/09/2008
“The coordinated rate cut was unprecedented and surprising. Never before has the Fed issued an announcement on interest rates jointly with another central bank, let alone five other central banks, including the People’s Bank of China.” The New York Times
1Vote!
Times of the Internet (Free subscription) | 10/09/2008
BEIJING, Oct. 9 (UPI) -- China's central bank, falling in line with central banks of major economies, has cut both the interest rate and the cash reserve ratio for its commercial banks. The People's Bank of China announced the deposit and lending rates would be cut by 0.27 percent point and the reserve ratio by 0.5 percent point effective next Wednesday, Xinhua reported. The move is designed to boost...
+Vote!
Dollars & Sense blog (Free subscription) | 10/09/2008
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts, click here. The race is on. And it's going to be a short, but intense race. Central banks throughout the world (including the People's Bank of China) implemented co-ordinated interest-rate hikes today, while huge swathes of banking systems in a number of key countries have been reinforced with...
+Vote!
Maverecon (Free subscription) | 10/08/2008
Today, the US Federal Reserve, the European Central Bank, the Bank of England, the Bank of Canada, the Swedish Riksbank, the National Bank of Switzerland and the monetary authority of the United Arab Emirates all cut their official policy rates by 50 basis points. The People’s Bank of China cut its one-year benchmark lending and [...]
+Vote!
China Digital Times (Free subscription) | 10/08/2008
An interview conducted by The 21st Century Business Herald with Wang Zili, the President of the Training Institute under the People's Bank of China, discusses the implications of the US credit crisis. The Beijing Review reports: While many believe that the US Financial Crisis has peaked, Wang feels the ...
+Vote!
Market Watch (Free subscription) | 10/06/2008
The People’s Bank of China will reportedly restart a program allowing domestic companies to issue medium-term notes, allowing them to raise money more cheaply.
