Happy Halloween

 

Cauldrons and broomsticks take shape in the cold night, making your Halloween full of fun and of  fright, don’t cross any witches or fall under their spell, and your Halloween night will go perfectly well!

China cuts rates again to Induce Economic Growth

Central bank of China decrease interest rates last Friday. This the 6th time they cut it in less than a year. They also lowered the level of cash that banks are required to hold as reserves in an attempt to spur growth in its slowing economic growth.

Monetary policy easing in China which is the 2nd largest economy in the world is at its most aggressive since the 2009 financial crisis, as growth looks set to slip to a 25-year-low this year of under 7 percent.

The People's Bank of China (PBOC) said they lowered its benchmark lending and deposit rates to stimulate borrowing and spending without squeezing banks' ability to profit from the spread between two rates.

The change, which Beijing had promised to deliver for months, will in theory allow banks to price loans according to their risk, and remove a distortion to the price of credit that analysts say fuels wasteful investment in China.

China's policy loosening came a day after the European Central Bank said it could give a bigger policy jolt to the economy as soon as December to fight falling prices.

China is the latest of the world’s big economies to turn to its central bank to stimulate flagging growth. The Federal Reserve, with rates already near zero, expanded its holdings of government and mortgage bonds through last year to push down long-term interest rates. Now it is grappling with the timing to raise short-term rates.

China’s announcement came one day after European Central Bank chief Mario Draghi signaled the ECB could do more to stoke growth and inflation in the euro-zone as early as December.

Online Dating sites Match and Tinder files for IPO

Dating sites Match and Tinder wants to go public, soon you will be able to purchase stocks for hooking up. Match Group, the online dating division of IAC/InterActiveCorp, brands include Tinder, OkCupid and Match, has applied with the SEC for an IPO last Friday. It is estimated that they could raise $500 million. No price has yet been set.

The Match will trade under the ticker symbol "MTCH". The company is owned by IAC, the media conglomerate helmed by Barry Diller, which also controls other digital online companies like About.com and Vimeo.

IAC will retain virtually all voting control of Match by offering a non-voting type of stock in the offering.

The paperwork also reveals that Match agreed in July 2015 to acquire PlentyOfFish, another online dating site, for $575 million.

Match and Tinder which are dating sites, have been growing steadily in the past few years. They were able to generate more than $888 million that gave them about $148 million in profit in 2014. In the first six months of 2015, Match generated revenue of $483 million and profit of $49.5 million.