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Gold holds gain after dismal May as investors weigh rate outlook

Bloomberg Gold held the first advance in 10 days as investors looked to the release of U.S. data this week including monthly payrolls that’ll shape the thinking of Federal Reserve policy makers on whether to raise interest rates in the months ahead. Bullion for immediate delivery traded at $1,216.18 an ounce by 10:10 a.m. in London from $1,215.32 on Tuesday, ...

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PBOC weighs risks in shadow loan market

  Bloomberg China’s central bank is expanding the fight to monitor and control risks emerging in the burgeoning market for loosely-regulated shadow lending. The People’s Bank of China has started collecting data from the murky world of online financing, in which firms make loans for everything from weddings to mining projects. It’s a growing part of a shadow banking market ...

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ICBC chief retires amid weak profits

  AFP The head of the world’s biggest bank by assets, Industrial and Commercial Bank of China (ICBC), is retiring, according to a statement, amid flat profit growth for the massive lender. Jiang Jianqing, 63, is leaving his post as chairman and will be replaced by current president and vice chairman Yi Huiman, ICBC said in a statement to the ...

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