China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt in Beijing's latest support measure for the cash-starved property sector, Reuters reported. The regulators have given the banks 'window guidance', or verbal orders that leave no paper trail, setting a date of Dec. 10 by which to make loans secured against domestic assets, said two of the sources, who all spoke on condition of anonymity.
The Canadian economy added a limited number of jobs in November and the unemployment rate came in lower than expected as fewer people looked for work, official data showed on Friday, in a tepid report that may bolster the chances for a normal-sized interest rate increase next week, Reuters reported. Canada added 10,100 jobs in November, broadly in line with the forecast gain of 5,000, while the jobless rate fell to 5.1%, Statistics Canada said. Analysts had forecast the jobless rate would tick up to 5.3%.