China tells banks to curb lending: sources
BEIJING (Reuters) – China has ordered banks to limit their lending until the end of the year as part of efforts to keep investment under control and prevent the world’s fourth-largest economy from overheating, sources said on Monday.
ZURICH (Reuters) – Swiss Re reported a shock 1.2 billion Swiss franc ($1.07 billion) writedown due to the subprime crisis, sending its shares down sharply and making it the first reinsurer to suffer a big, direct hit from the crisis.
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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