Latest News

China consumer prices rise at faster rate in April
China consumer prices rise at faster rate in April
Economy
by  AFP

China's inflation rate quickened last month, official data showed Saturday, as the government works to boost spending in the world's second-largest economy. A debt crisis in the real estate sector and high unemployment are weighing on the economy and contributing to a slump in demand.

Yellen urges action to curb US mortgage market risks
Yellen urges action to curb US mortgage market risks
Economy
by  AFP

US Treasury Secretary Janet Yellen flagged risks posed in the mortgage market Friday, as regulators released recommendations to address the sector's vulnerabilities. On Friday, Yellen said further action is needed to promote sound operations and address liquidity and other risks.