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China outstanding total social financing up 11% y/y at end-May

China's outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, rose 11% to 297.98 trillion yuan ($46.64 trillion) at the end of May from a year earlier, the central bank said on Thursday.

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Egypt's Banque du Caire agrees $200 million loan from Afreximbank

Egypt's third-largest state-owned bank Banque du Caire has agreed to a $200 million, five-year loan from Afreximbank, it said in a statement on Thursday.

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Experian could face the brunt of Biden's credit score overhaul plan - research

Experian Plc, the world's largest credit data firm, faces a potential impact on up to 40% of its revenue if the Biden administration overhauls credit reporting and scoring in the United States, brokerage RBC said on Thursday.

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Hungary c.bank says risks of extending loan moratorium may outweigh benefits

The risks of extending a blanket moratorium on loan repayments beyond its planned expiry later this year may outweigh its benefits, the National Bank of Hungary (NBH) said on Thursday, calling on most borrowers to resume servicing their loans.

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Canadian banks seek return of reluctant business borrowers as mortgage growth set to slow

Even as Canadian businesses prepare to reopen gradually this summer after a year of intermittent lockdowns, banks are wary about the prospects of a fast uptick in credit growth as an economic recovery remains patchy and cautious commercial clients hold on to record amounts...

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Climate change risks will affect U.S. bank capital in long-run - official


4 Min Read
WASHINGTON (Reuters) - U.S. regulators will “eventually” have to factor climate change risks into bank capital rules, but it is still too soon to say when that would become necessary, a top official told Reuters.
FILE PHOTO: Students attend a protest rally to call for urgent action to slow the pace of climate change, in Los Angeles, California, U.S., March 15, 2019. REUTERS/Lucy Nicholson/File Photo/File Photo
Acting Comptroller of the Currency Michael Hsu said in an interview that regulators were still exploring the best way to incorporate climate change risks such as extreme weather events or major policy shifts into bank supervision and oversight.

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Hong Kong set to introduce real-name SIM card system from Sept. 1

Hong Kong plans to introduce a real-name registration system for mobile phone pre-paid SIM cards in September in a bid to fight crime in the financial hub, the government said on Tuesday, a move that is likely to stoke privacy and surveillance concerns.

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Montenegro's Chinese-funded highway to replace 'death road'


By Reuters Staff
3 Min Read
SMOKOVAC, Montenegro, June 1 (Reuters) - Montenegro’s new Chinese-funded highway has become a huge financial burden and political football but it is also a long overdue replacement of what Montenegrans have nicknamed “death road”.
A NATO member and a European Union membership candidate, Montenegro borrowed 809 million euros ($990 million) from China’s Export-Import Bank in 2014 to pay for 85% of the first section of the road, which eventually will link the Adriatic port of Bar and Montenegro’s landlocked neighbour Serbia.
The loan sent Montenegro’s debt soaring to 97% of economic output. Last week, finance minister Milojko Spajic called it the most expensive highway in the world although he said the country had the funds to repay the debt.

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S.Africa's Standard Bank expects 40% rise in first half profits

South Africa's Standard Bank Group said it expects to report a 40% rise in profit for the six months to June 30, boosted by signs of recovery in the local economy.

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