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World Bank lifts China growth forecasts but calls for deeper reforms
Policy easing and stronger exports have helped economy, but country still faces property crisis and weak demand. The World Bank has lifted its growth forecasts for China’s economy, but called for ...The Guardian - 4h -
Turkey's central bank lowers key interest rate to 47.5%
Turkey’s central bank has lowered its key interest rate by 2.5 percentage points to 47.5%, carrying out its first rate cut in nearly two years as it tries to control soaring inflationABC News - 4h -
Biggest banks sue the Federal Reserve over annual stress tests
A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests, saying the current process falls short.CNBC - 2d -
How Google Maps Makes It Harder for Palestinians to Navigate the West Bank
One user told WIRED that Google Maps directed them to “drive right into a wall that’s been up since 2003.”Wired - 2d -
World Bank lifts China growth forecast but calls for deeper reforms
Multilateral lender says greater detail of policies is needed to bolster household and business confidenceFinancial Times - 11h -
Federal Reserve proposes more transparency in bank stress tests, but banks still sue
Trade groups representing the largest U.S. banks on Tuesday filed suit in federal court to force more transparency in the U.S. Federal Reserve’s bank stress tests imposed after the 2008 global ...MarketWatch - 1d -
US banking lobby sues Fed over stress test framework
Announcement comes a day after central bank unveiled proposed changes to annual examinationsFinancial Times - 2d -
Fed says it is weighing changes to bank tests for systemic risk
Overhaul could alter the models for hypothetical losses, averaging results over two years to cut results’ volatilityFinancial Times - 2d