Banking Sector Frets Over Biti's Reforms

Banking Sector Frets Over Biti's Reforms
THE ramifications of Finance minister Tendai Biti's move to control charges and interest rates were felt across the banking sector last week with executives warning that such a move would kill the industry. In his 2013 National Budget, Biti decreed …
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Average 30-year mortgage interest rate hits record low 3.3 percent
WASHINGTON — Average U.S. interest rates on fixed mortgages fell to fresh record lows this week, a trend that is boosting home sales and aiding the housing recovery. Mortgage buyer Freddie Mac said Wednesday that the average rate on the 30-year loan …
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Fed Moves Toward Tying Interest-Rate Decisions to Economic Data
Policy makers “generally favored the use of economic variables” to provide guidance on the when they are likely to approve their first interest-rate increase since 2008, according to minutes of their Oct. 23-24 meeting released yesterday. Such measures …
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Interest rate reform would be good step
Chinese leader Hu Jintao opened the 18th National Congress of the CPC by highlighting the need to build a "beautiful China". The man who replaced him as the general secretary, Xi Jinping, closed the session by talking about the "great renewal of the …
Read more on China Daily

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