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Top News In Cofs Today - Breaking & Trending Today

China keeps lending benchmarks unchanged amid signs of recovery

China kept its benchmark lending rates unchanged for the eighth straight month on Thursday in line with expectations, as the economic recovery reduced the need for any immediate monetary support. ....

Christian Schmollinger , Chaoping Zhu , Tom Westbrook , Frances Cheung , People Bank , Thomson Reuters Trust Principles , Asset Management , Winni Zhou , Thomson Reuters Trust , Ef Markets Macromatters ,

China's c.bank pledges to consolidate financing support for real economy

A recovery in Chinese consumer demand needs time to pick up due to the "scarring effect" of COVID-19, but there is no basis for any long-term deflation, an official from the People's Bank of China (PBOC) said on Thursday. ....

Ellen Zhang , Kevin Yao , Jason Neely , Thomson Reuters Trust Principles , People Bank , Zou Lan , Thomson Reuters Trust , Ef Markets Macromatters ,

UK watchdog to ensure savers benefit from interest rate rises

Britain's financial watchdog said on Thursday it would use new, tougher consumer protection powers from July 31 to ensure banks pass on increases in interest rates to savers, and further action was not ruled out. ....

United Kingdom , City Of , Jason Neely , Huw Jones , Nikhil Rathi , Thomson Reuters Trust Principles , Financial Conduct Authority , Treasury Select Committee , Executive Nikhil Rathi , Treasury Select , Consumer Duty , Thomson Reuters Trust , Rsbi Regulatory Oversight , Sustainable Business ,

AmEx profit takes a hit from reserve buildup as slowdown worries rise

American Express Co's first-quarter profit missed Wall Street estimates as the credit card giant set aside more money to cover potential losses stemming from cardholders falling behind on debt repayments. ....

United States , Stephen Squeri , Arun Koyyur , American Express Co , Thomson Reuters Trust Principles , Wall Street , Chief Executive Stephen Squeri , Thomson Reuters Trust ,