New loans in China hit a record level in January, according to data released this week. Bad loans jumped over 50% from December 2014 to December 2015. It’s a big increase, especially in a country that isn’t always trusted for giving out the real statistics. Source: CNN Money
Qatar and Turkey’s central banks have signed a currency swap agreement to provide liquidity and support for financial stability, Qatar’s central bank said on Sunday, days after Turkey’s Gulf ally pledged $15 billion in support. Source: Reuters
Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales. Source: Reuters
China’s banking regulator has ordered banks to boost lending to infrastructure projects and exporters as the government seeks to bolster economic confidence on the eve of a new round of trade negotiations with the US. Source: Financial Times
