
China Vows to Ensure Unmarried Mothers Get Equal Maternity Leave
China has vowed to ensure unmarried mothers receive maternity benefits, as the world’s second-largest economy revamps a slew of policies in a bid to boost its falling birthrate.
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China has vowed to ensure unmarried mothers receive maternity benefits, as the world’s second-largest economy revamps a slew of policies in a bid to boost its falling birthrate.
China’s state media said local governments could sell more than $229 billion of bonds to fund infrastructure investment and plug budget gaps, a further move by Beijing to shore-up an economy hit by worsening coronavirus outbreaks and a property slump.
Commodities firms with downstream investments are likely to benefit most from policy support unveiled in Indonesia’s annual budget, while the health-care sector is least favored, analysts say.
China’s largest developer Country Garden Holdings Co. warned that first-half earnings probably tumbled by as much as 70% amid an escalating property crisis in the country.
China’s local governments are likely to sell more bonds in coming months, providing them with more resources to fund infrastructure projects as their finances come under strain.
Jul 13, 2017
BNN Bloomberg
Canada’s big banks increased their prime lending rates on Wednesday.
Hours after the Bank of Canada’s decision to increase its key interest rate 25 basis points to 0.75 per cent, Royal Bank (RY.TO), TD Bank (TD.TO), Bank of Nova Scotia (BNS.TO), CIBC (CM.TO), Bank of Montreal (BMO.TO), National Bank (NA.TO), Laurentian Bank, and HSBC Bank Canada all boosted their rates.
RBC was first to move, raising its prime rate 25 basis points higher to 2.95 per cent, effective July 13.
The rest followed suit with identical moves later in the afternoon.
Banks use the prime rate to help determine interest rates on various loans, including variable-rate mortgages.