The rise and development of China�s financial system has been different from most other emerging economies. One unique aspect has been the rapid accumulation of bank deposits over the last 10 years. Another more controversial aspect has been the corresponding on-lending of these deposits to a wide variety of borrowers�some less creditworthy than others. Some people�

WASHINGTON, February 9, 2016 � Having managed, rather belatedly, to head for the local cinema to see Paramount’s late 2015 sneak hit, “The Big Short,” this critic feels compelled to observe that if there’s any justice in La-La Land, this quietly amazing film would win the upcoming Academy Award for Best Picture. Alas, it looks like�

WASHINGTON, February 9, 2016 � Having managed, rather belatedly, to head for the local cinema to see Paramount’s late 2015 sneak hit, “The Big Short,” this critic feels compelled to observe that if there’s any justice in La-La Land, this quietly amazing film would win the upcoming Academy Award for Best Picture. Alas, it looks like�

The work-issued iPhone of San Bernardino gunman Syed Rizwan Farook, which is at the center of a dispute between Apple and the FBI, could have easily been unlocked with mobile device management (MDM) software. Not only were San Bernardino officials aware of the software, they were paying for it, according to a Sunday report from the�

Powered by Max Banner Ads Stock Market 2016: These Three Things Suggest Bigger Losses Ahead Stock Market 2016 The stock market has three major factors working against it here in early 2016. Corporate revenue and earnings are contracting, the smart money is ditching stocks, and technical analysis has turned outright bearish on stocks-this could all lead�

Powered by Max Banner Ads Fannie Mae at risk of needing a bailout Fannie Mae ( OTCQB:FNMA) is at risk of needing a government bailout that could shake up confidence in the housing finance market, FT reports. Because the government does not let Fannie Mae retain profits, its capital buffer (which has dwindled from $30B before�

Retail sales in December fell the most since 2008 in real terms while prices for goods saw a price spike in January as economists say signs are emerging that higher prices are biting into Canadian real incomes. Statistics Canada said Friday that retail sales were down 2.2 per cent in January, a much larger drop than�

The chief executive of Uber has admitted that the company is losing more than $1 billion per year in China due to local competition, Canadian tech site Betakit reported. The ride-sharing app launched in China in 2014 but faces stiff competition from Didi Kuaidi, the country�s largest taxi app. Uber is currently available in more than�

Social inequality in Korea is higher than in countries that experienced systemic changes or economic crises, a researcher said. Kim Tae-wan, a fellow at the Korea Institute for Health and Social Affairs, said so in his paper titled “Analysis of the causes of social exclusion,” at an academic symposium at Seoul National University Thursday. “Social exclusion”�

The UK has been threatening to leave the European Union for some time, but with Britain preparing for a referendum on EU membership next year, a British exit from the EU, or Brexit, is becoming a real possibility. Prime Minister David Cameron has warned his European counterparts that the UK could leave if it fails to�

South Korea’s financial authorities pledged Friday to take every measure to prevent the won from fluctuating further against the dollar and other major currencies. “The won-dollar exchange rate has been fluctuating too widely recently,” the central bank said in a rare statement. “The Bank of Korea and the government are concerned about further rises in volatility.�

Mozilla and Firefox Executive Director Mark Surman have come out in support of Tim Cook�s and Apple�s resistance to complying with the recent legal order to unlock an iPhone recovered during the FBI investigation surrounding the San Bernardino shooting in December 2015. We stand with @Apple on strong #encryption. We should not set a dangerous precedent:�

It’s a battle that on its face appears to pit one of the biggest tech companies in the U.S. against the country’s most powerful law enforcement agency. But the outcome of Apple’s standoff with the federal government over encryption could reverberate across the world, giving authoritarian governments reason to expand surveillance and challenging the U.S. tech�

Last four decades have witnessed the fastest growth of the global financial market. The finance industry all over the world has gone through rapid expansion during this period. Worldwide monetary network, connectivity, service/product diversity and investment structure have been established. Globalisation and the slogan of turning the world into a global village have expedited this process.�

Powered by Max Banner Ads Big banks see the need to shrink � but face a path full of obstacles When the U.S. Federal Reserve’s newest policymaker Neel Kashkari dropped a bombshell with a call to break up big banks on Tuesday, it was met with a predictably indignant response from their lobbyists. One described his�

WASHINGTON, February 19, 2016 � Thursday’s “wilting violet” market action has extended into Friday, where anemic and worried trading has put a negative cast on the widely followed major averages, although the NASDAQ has been trying to stay in the green. Barely. Currently, the Dow Jones Industrials (DJI) are off a little over 78 points to�

Donald Trump called for a boycott of Apple Friday after the company refused to decrypt an iPhone for the FBI. The Republican front-runner said that Apple should be boycotted until it complies with the California court order asking the company to decrypt the phone of Syed Rizwan Farook, one of the San Bernardino shooters who killed�

Bank Bailout Architect Echoes Liberals on Reining in �Too Big to Fail� Bernie Sanders and Elizabeth Warren usually get the most attention in the ongoing debate over reining-in Wall Street, but this week the two liberal firebrands shared the spotlight with an unexpected ally � former Bush administration official and Goldman Sachs alumnus Neel Kashkari. Kashkari,�

Election 2016 There was a time in America when there was an American dream. To the vast majority of Americans that American dream is dead. Yes, for the top .1% life is heavenly. For the top 1% life is the American dream. For the top 10 percent life seems like the American dream. For the top�

The following editorial appeared in The Sacramento Bee on Thursday, Feb. 18: ��� If Apple must help the government unlock the phone of one of the San Bernardino killers, the “back door” will undermine the privacy of iPhone users around the globe. If the FBI can’t see what’s on Syed Farook’s phone, any other terrorists involved�

Apple made headlines this week when it fought back against a court order to bypass an iPhone’s encryption. What many may not realize, however, is that Microsoft also offers encryption tools for Windows 10 PCs. These tools can keep personal files safe from prying eyes by requiring a password before revealing contents of files stored on�

Anyone running Linux-based systems or software needs to prepare for some serious patching. An error in a widely-used Linux library puts hundreds or thousands of devices and programs at risk, researchers from Google disclosed this week. The flaw was discovered independently by teams at Google and Red Hat, who have jointly developed a patch. Red Hat’s�

A new Cryptolocker-type ransomware called �Locky� has been spreading like wildfire to users around the globe, say security researchers at PhishMe. The Locky virus, which encrypts users� files and demands bitcoin payments to decrypt them, was first sent to nearly half a million victims on February 16. The attack came in the form of a Word�

From The Daily Bell Central banks face credibility test � The retreat from unconventional monetary policy was always going to be tricky. While economists are almost equally divided on whether Federal Reserve chair Janet Yellen will raise U.S. interest rates this week, the bond market suggests policy makers will wait. October’s Fed minutes will be scrutinised�

Hungary’s central bank, already facing criticism for a spending spree ranging from real estate to fine art, is now beefing up its security force, citing Europe’s migrant crisis and potential bomb threats among the reasons. The National Bank of Hungary bought 200,000 rounds of live ammunition and 112 handguns for its security company, according to documents�

Apple and the FBI have captured the public’s attention by battling over unlocking the San Bernardino shooter’s phone, but this is about more than one terrorist attack. This is a power struggle over the future of digital communication. Encryption seems opaque and impossibly complex, and that’s the point. Even though it has only recently entered the�

Brussels (dpa) – EU leaders were bracing themselves Thursday for a long night of negotiations with Britain over a reform package aimed at convincing the country to remain a member of the bloc. “This is a make or break summit,” EU President Donald Tusk said ahead of the two-day talks in Brussels. “We are in the�

Collapse Of The Roman Empire The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money. At its peak, the Roman Empire held up to 130 million people over a span of 1.5 million square miles. Rome had�

MOSCOW � The head of Russia’s government-owned State Corporation Bank for Development and Foreign Economic Affairs stepped down Thursday amid fractious negotiations over a giant bailout for the troubled lender that could require $20 billion of government funds over four years. The departure of Vladimir Dmitriev who has been the head of bank, also known as�

A photo illustration shows a $100 banknote placed above Chinese 100 yuan banknotes in Beijing in this May 10, 2013 file photo. [Photo/Agencies] For three decades now many of the world’s most insightful observers have predicted imminent demise to China’s system. But these same three decades have also seen China confound expectations. China’s economy turned in�

Facebook and Twitter are siding with Apple in its fight against a court order demanding the company help investigators break into an iPhone used by one of the San Bernardino attackers. A US magistrate ordered the firm to produce software that would give investigators access to the phone. Apple has until Tuesday to challenge the order,�

Already dealing with triple-digit inflation, Venezuelans have just been hit with about a 6,000 percent hike in gasoline prices and a 37 percent currency devaluation. Venezuelans will still pay next to nothing for gas, but the move highlights just how badly the country has been hit by a collapse in global oil prices. President Nicolas Maduro�

Cloud services constitute a broad category, including models such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (Saas). If it isn�t clear already, a lot of jargon and acronyms are involved with cloud services as well. Regardless, it is safe to say that most businesses and individuals are�

The day our Prime Minister was lambasting NAB for harassing public officials and rich men without proof, and threatening to clip its wings if it did not mend its ways, a 55-year old woman died in the pursuit of her National Identity Card on the doorstep of NADRA in Gujranwala. According to her son-in-law who was�