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KUALA LUMPUR, Feb 10 (Reuters) - China's central bank chief on Tuesday played down hopes in the West that a drive by China to save less and spend more might help revive flagging global growth. China's sky-high savings rate is a function of deep ...
Savings rates dropped to a record low during January with notice accounts now paying an average of just 0.29%, official figures have shown. The returns paid on branch-based instant access and notice accounts, tax-free ISAs and bonds are all now the ...
Deven Mitchell, executive director of the Alaska Municipal Bond Bank Authority, said the bank pulled back two bond issues in early to mid-December, one for a prison and the other for money that would be loaned to municipalities. The Alaskan bonds had ...
BON Simpanan Merdeka Malaysia, issued by Bank Negara, provides an opportunity for pensioners and senior citizens to earn higher yields from a portion of their savings to offset the massive interest rate cut by the central bank from fixed deposits ...
The bank said that the returns for savers had plummeted to an average of just 0.29 per cent on some types of savings accounts. It is a fresh blow to millions of savers who have seen the returns on their hard-earned money crash towards zero per cent ...
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