Consumer borrowing in the U.S. increased more than forecast in December as Americans made holiday purchases with credit cards and took out loans for cars and schooling.
The $18.8 billion gain exceeded the highest estimate in a Bloomberg survey and followed a revised $12.4 billion advance the previous month, the Federal Reserve said today in Washington. The median forecast of 30 economists called for a $12 billion increase. For all of 2013, consumer credit increased 6.2 percent after rising 6.1 percent a year earlier.
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China and Hong Kong shares rose on Thursday, bucking regional weakness, as revived expectations of another U.S. rate increase later this year boosted financial stocks, offseting profit takig in high-
The EU on Wednesday unveiled plans for sweeping new powers over foreign financial firms in Europe that would give the bloc strict oversight over the London financial hub after Brexit. The draft law,
Uncertainty over the UK’s future status as a financial hub after the country will have left the European Union (EU) probably by 2019 is already casting a shadow over London’s agile Islamic finance se
Malaysia and Indonesia need to invest more in Islamic finance to ensure their offerings are on par with conventional offerings, said HSBC Amanah Malaysia Bhd today.
In a statement here tod
The Malaysian and global green sukuk, or Islamic bond, markets are expected to continue to grow, thanks to increasing investor interest in sustainable investing, according to the Malaysian Internatio
Asia Assets Management