Bloomberg When China allowed banks to use 700 billion yuan ($108 billion) more of their deposits, they were very clear on where the money should go. One sector not mentioned was the overheating property market. Money freed up from previous cuts may have ended up flowing into the housing market, and the design of this new policy seems aimed at ...

Bloomberg Central banks should accept that reversing crisis-era monetary policy will be “bumpy” and shouldn’t delay doing so just for fear of upsetting financial markets, according to the Bank for International Settlements. Claudio Borio, who heads the institution’s economics department, urged policy makers to press ahead, both to address financial stability risks and to insulate their economies against the next ...

Abu Dhabi / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan issued a number of Federal Decrees on the ratification of international and bilateral agreements between the UAE and a number of friendly countries, as well as establishment of UAE Embassy in the Maldives. The Decrees were published in the latest issue of the Official Gazette. Federal Decree No. ...