China has said it will cut interest rates on existing mortgages and ease rules for first-time buyers in big cities, in what the central bank and financial regulators jointly say are moves 'conducive to expanding consumption.'

The financial woes of Country Garden have highlighted the fragile state of the country's real estate industry, which accounts for roughly a quarter of the economy and whose debt situation has been dire since 2021.

The resumption of bilateral financial discussions comes ahead of Japanese Prime Minister Fumio Kishida's planned visit to South Korea for talks with President Yoon Suk Yeol.

Several top banks are currently turning most potential crypto-related customers away, while others say they are only working with top-tier firms - policies that most say are unchanged from their historical positions.

BaFin, Germany's financial watchdog, has been increasing its focus on consumer protection in the wake of the collapse of Wirecard, the blue-chip payment company that folded in an accounting scandal.

Some investors, including a large mutual fund group that also runs a hedge fund, said prospects for banks had gotten progressively worse in recent months given the economic outlook.

Following a crisis that wiped 25% off the value of Credit Suisse shares, the bank sought a liquidity line from the Swiss National Bank in the first such move for a global lender since the financial crisis of 2008.

The Center for Market Education says it is irrelevant whether Nurul Izzah Anwar is paid a salary as the people would ultimately suffer from bad policies.

The PM says he himself served as finance minister without a related background.

Along with heavy state borrowing at domestic debt auctions, the NWF has become the main source of financing for the budget deficit since Russia invaded Ukraine last year and was hit by waves of sanctions.

Having spent last year as the world's best-performing currency, the Russian rouble lost 17% after Western moves introduce an oil price cap and a European Union embargo hurt the country's crude exports.

Running to more than 500 pages, lawmakers say the bill intends to update regulations to address challenges in the digital era, improve financial sector efficiency and promote financial inclusion.