Household Debt News
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Banks may have too much freedom to determine appropriate levels of risk weighted capital under international banking rules, said Stefan Ingves, governor of Sweden’s central bank.
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Japan’s efforts to stimulate its economy could lead the yen to weaken further and help spur global growth starting in Asia, according to Pierpont Securities’ Robert Sinche.
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Canada’s annual inflation rate fell in April to its slowest in more than three years, taking it below the central bank’s target band and adding to evidence of growing slack in the world’s 11th largest economy.
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Corporate bond sales in South Korea picked up after a pause last week when the central bank unexpectedly cut borrowing costs.
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Royal Bank of Canada, Bank of Nova Scotia and six other large Canadian lenders are trading at the lowest premium to U.S. bank stocks in more than two years, as their American counterparts regain the confidence of investors.
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New Zealand’s government projected a small budget surplus in 2015, the first in seven years, as rebuilding earthquake-devastated Christchurch city bolsters economic growth and tax revenue.
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U.S. households reduced debt during the first quarter by 1 percent to the lowest level since 2006, resuming a deleveraging trend in the wake of the financial crisis, according to the Federal Reserve Bank of New York.
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New Zealand’s central bank may need to raise its benchmark interest rate from a record low if rising house prices and household borrowing fan inflation, according to the International Monetary Fund.
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Former Chancellor of the Exchequer Alistair Darling said a government plan to help people buy homes risks stoking a housing bubble unless more properties are built.
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BNP Paribas SA plans to boost its equity structured-products business in South Korea, a $42 billion market where France’s largest bank says it had been “underweight.”
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