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China banks' interbank lending falls for first time since 2010

Bloomberg carried an article today, citing that Chinese banks’ interbank lending for the first time in seven years as the authorities’ campaign to curb risks in the $40 trillion financial system started to show its results.

Key Points:

The China Banking Regulatory Commission (CBRC) disclosed at a press conference on Friday, the balances of both interbank assets and liabilities at the end of June declined by 1.8 trillion Yuan ($270 billion) from the beginning of the year.

Entrusted loans -- lending between corporates with banks as middlemen -- declined for the first time since 2008 in April and continued to fall in the next two months, CBRC noted.   

Wall Street's biggest bear thinks Bitcoin will rally to $6,000 - Business Insider

Fundstrat Founder Tom Lee is bearish on the stock market, but expects Bitcoin to extend its record run to $6,000 levels this year.  "We see Bitcoin g
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US Dollar flirting with tops near 93.50

Tracked by the US Dollar Index, the greenback is recovering part of the ground lost on Friday, advancing to the mid-93.00s, or daily peaks. US Dollar
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