Bloomberg A senior official at China’s central bank said companies may be falling into a ‘liquidity trap’ and that the government still has room for to expand the fiscal deficit. Signs of a liquidity trap, economist-speak for when central bank cash injections into the economy fail to spur growth as monetary policy loses potency, are showing in businesses and ...

  MANILA / AP The Asian Development Bank said on Monday it had cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6 percent, down from its earlier forecast of 5.7 percent, but added that the economies’ performance will remain solid and help offset softness from the US economy and near-term market shocks from Britain’s ...

  Bloomberg London homebuilders are offering to pay sales taxes, gift 20,000 pounds ($26,800) of furniture and the chance to win a free parking space as Britain’s vote to leave the European Union damps demand. Brexit will damage the UK economy and residential property values in London could fall by more than 30 percent, Societe Generale SA analysts including Marc ...

  Bloomberg China’s yuan extended losses in early trading to tumble to the weakest level since 2010, pulled down by cooling property prices, a dollar rebounding on haven demand and a weaker central bank fixing. New home prices rose in fewer cities in June compared with a month earlier, official data showed on Monday, raising concern that a real estate-supported ...

  Bloomberg May was the biggest month for Toronto new home prices in 27 years. Prices in Canada’s largest metropolitan area rose 1.9 percent in May, and were up 6.4 percent from a year earlier. Nationally, home prices rose 0.7 percent in May, the largest monthly increase since 2007, Statistics Canada reported last week. The data adds to evidence that ...

  Bloomberg A leading US banking regulator wants lenders to do more to manage their exposure to commercial real estate. As property lending accelerates, the Office of the Comptroller of the Currency — which oversees American banks alongside the Federal Reserve Board and the Federal Deposit Insurance Corp. — is actively monitoring banks’ stress tests and risk-management practices, Comptroller Thomas ...

  Bloomberg At first glance, it’s hard to find much new to worry about in JPMorgan Chase’s second-quarter earnings report. Most of the important numbers beat estimates, although those estimates dropped like crazy before the report as the outlook for interest rates this year went from lower-for-not-much-longer to lower-for-who-knows-maybe-forever. Still, loan growth was robust and credit quality trends appeared to ...

  Bloomberg Prime Minister Theresa May will make the case for Britain remaining a powerful player in the world after last month’s vote to leave the EU. The premier will use her first appearance in parliament since succeeding David Cameron to argue for renewing the Trident nuclear-weapons system after a weekend in which the team overseeing the divorce from the ...

  Bloomberg Kenya may abandon 10 years of negotiating a trade deal with the EU as part of the regional East African Community bloc and go it alone, to avoid having duties of as much as 30 percent slapped on its exports from October. A so-called Economic Partnership Agreement between Kenya, Uganda, Tanzania, Rwanda and Burundi and the EU is ...

  BLOOMBERG The ruble extended last week’s rally as exporters bought the currency to pay local dividends and taxes, while some traders speculated that the coup attempt in Turkey will spur investors to seek alternatives in the Russian market. The currency increased 0.7 percent to 63.10 by 12:03 p.m. in Moscow, taking its gain this year to 17 percent, the ...