BERLIN (AP) — Car maker BMW AG says its sales were up 2.7 percent in November compared with a year earlier, putting the company on course for a record year thanks to strong demand in China and the U.S.
China's biggest banks will launch the sale of negotiable certificates of deposit this week, eight sources with knowledge of the situation said, in a decisive move to free up the country's interest rates market. Banks that include China's five biggest lenders will be allowed to issue up to 5 billion yuan ($823.41 million) worth of certificates of deposit each, the sources said. This would be a quick follow-up to China's newly released rules for the budding NCDs market. The People's Bank of China had published guidelines for the NCDs market just on Sunday, listing among rules that certificates of deposit cannot be less than 50 million yuan per issuance.