Were prepared to do whatever we have to do, so, the membership is ready, the membership is fed up. Were fed up with falling behind. Its been decades of falling behind and especially this past decade, in the most wealthiest times of the history of these companies, there is no excuse, these companies have made a quarter of a trillion dollars in the last ten years. 21 billion in the last six months alone. And our workers wages and conditions have gone backwards police. Police in Southern China say theyve detained some staff at the Wealth Management unit of embattled Property Developer evergrande. The identity of those whove been taken by authorities and the charges that they might be facing are unclear at this stage. Evergrande is at the centre of a crisis in chinas Property Sector which has seen a string of Debt Defaults since late 2021. Focusing on the Business Calendar which this week is heavy with central bank meetings. Taking a look at what were looking ahead to. On wednesday, Chinas
Membership is fed up, we are fed up with falling behind. Its been decades of falling behind, and especially this past decade, the most wealthiest times in the history of these companies, there is no excuse, these companies have made a quarter of 8,000,000,000,000 in the past 4 years. Billions of dollars in the last 6 months alone. And the last 6 months alone. And the workers conditions have gone backwards. The workers conditions have gone backwards. Lets turn our attention to gone backwards. Lets turn our attention to the gone backwards. Lets turn our attention to the Business Attention to the business calendar. Lets take you through exactly what all we are watching out for. On wednesday, Chinas Central Bank will hold its Monthly Review on the cost of borrowing. The peoples bank of china uses a one . Year rate to price loans for businesses needing credit, and a five . Year tenor to guide mortgage rates. Thats the same day the Us Federal Reserve will decide on Interest Rates, which is c
Financial Literacy News: Banks typically review their Marginal Cost of Lending Rates (MCLR) monthly to adjust for changes in their financing costs and other factors.
Regulator-market discord on rate transmission persists. Fresh term deposits show full 2.5% repo rate hike. Interest margins squeezed, WADTDR at 6.62% in March. WALR for commercial banks at 9.37%.
The weighted average lending rate (WALR) on fresh rupee loans of the commercial banks stood at 9.37 per cent in March 2024 (9.36 per cent in February 2024). It rose 13 basis points or bps (one basis point is 0.01 percent) over the last one year. Excluding the merger impact of HDFC with HDFC Bank, the WALR on outstanding rupee loans was at 9.85 per cent in March 2024 (9.83 per cent in February 2024. It rose 13 bps over the last one year.