US orders for durable goods dive more than predicted in April
In April, orders for durable goods in the United States went down by about 1…
Crackdown on financial crime will be stepped up by Chinese police
Chinese police is on the verge of intensifying a crackdown on financial crime for the purpose of safeguarding national security and fending off financial risks. That’s what the public security ministry informed on Tuesday.
The ministry has already launched a series of targeted actions just to clamp down on pyramid schemes, illegal fundraising, fake currencies, financial frauds, underground banks as well as bank card crimes.
The crackdown has emerged at a time when the Chinese government is paying much attention to tightening regulation and also suppressing risky as well as illicit practices in the financial sector. It’s because China's major financial institution warned of "complex, hidden, contagious, hazardous and sudden" latent risks, which keep accumulating in the system.
The ministry told it’s going to closely watch crimes, which involve the online finance industry, securities, illegal fundraising, futures markets and banks.
Similar
#WeeklyCryptoNews
Bitcoin is plunging. Negative comments in the media and stricter regulations continue to weight on the cryptocurrency.
US housing prices rally by 1.7%
In the United States housing prices tacked on by up to 1…
Popular
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Gold edges down toward 3-week minimum after Congress hits spending deal
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
