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China said it will issue special sovereign notes to boost capital at its largest state-owned lenders. The bond issuance is aimed at supporting big state banks to replenish their core tier-1 capital, Finance Minister Lan Fo’an said at a briefing in Beijing. The move will strengthen their capability to fend off risks and spur lending to better support the ...
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The price of gold extends the rebound from the weekly low ($2603) as there appears to be a growing dissent within the Federal Reserve, and bullion may retrace the decline from the monthly high ($2673) as it seems to be breaking out of a bull-flag formation. The price of gold initiates a series of higher highs and lows as Atlanta Fed President Raphael ...