Bank of England excludes taking risks as economy picks up

Source: Bloomberg
The Governor of the Bank of England Mark Carney said on Monday that he is not ready to change monetary policy in the country and take any additional risks, while economy grows. The economy should show more active signs of recovery. Previously, the BoE looked at the jobless rate as the main indicator, but for now the regulator is also going to track incomes, spending and employment.
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Mon, 24 Feb 2014 13:34:19 GMT

HSBC profit misses predictions as cost decreases fall short of targets

HSBC Holdings Plc, the biggest bank in Europe, released a worse-than-expected profit for the year 2013, as the costs' cuts did not reach the goal. The pretax income added 9% to $22.6 billion, while economists forecasted a $24.6 billion profit. ROE indicator fell short of estimates as well. Today, HSBC Holdings Plc shares are trading down 3.5% to 631.5 pence

Mon, 24 Feb 2014 13:24:16 GMT

Citigroup says there is no "bubble" on house market in Singapore

Citigroup Inc. economists said on Monday that concerns about housing bubble in Singapore are highly overvalued, while prices surged to the highest level in five years and started to decline in Q4 2012, dropping 0.9% quarter-on-quarter. At the same time, tight rules on mortgages and the fact that only 10% of all homes all bought in credit decreases the possibility

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