Even the unseasonable downpour couldn’t dampen the spirits of the executives and officials gathered on the Indonesian island of Batam to cut the ribbon on a new Pegatron Corp. factory. The men … ( read…
Monthly Archives For August 2019
Bank of Mexico lowers interest rate, citing global concerns
MEXICO CITY – Mexico’s central bank said Thursday it was lowering its benchmark interest rate by a quarter-point to 8%, citing slowing global economic activity and tensions including the trade war … ( read original…
Petrobras Repays Billions In China Debt Before Term
Petrobras has settled a debt of US$3 billion with the China Development Bank ahead of time and will repay another debt, this one of US$5 billion, in December, ending an agreement for the … (…
Exclusive: China curbs gold imports as trade war heats up
“There are virtually no import quotas now issued in China,” one source said. In June and July “next to nothing” was imported by banks, they said. The Chinese central bank did not respond … (…
Beijing starts military exercise in disputed South China Sea as tensions with Vietnam rise
Tensions in the South China Sea re-emerged last month, with a week-long confrontation between Chinese and Vietnamese coastguard vessels around the energy-rich Vanguard Bank, after Chinese survey ship … ( read original story …)
China curbs gold imports as trade war heats up
The bulk of China’s imports – coming from places such as Switzerland, Australia and South Africa and usually paid for in dollars – are conducted by a group of local and international banks given ……
Vanguard Bank is a clear example of Beijing’s South China Sea strategies in action
China is trying to manipulate international dispute resolution mechanisms to sew confusion and further its economic interests in the South China Sea. Its diplomatic and military activities are pushing … ( read original story …)
China injects 400 bln yuan via 1-yr MLF, with rate unchanged
SHANGHAI — China’s central bank on Thursday lent 400 billion yuan ($56.90 billion) to financial institutions via its one-year medium-term lending facility (MLF), with the interest rate … ( read original story …)
China’s small banks still struggling to obtain funds to lend three months after first bank failure in 20 years
China’s numerous small banks are still struggling to raise the finances needed to be able to offer more loans to aid the slowing economy nearly three months after the country’s first bank failure … (…
China bought U.S. pork last week as Beijing declared halt in U.S. farm purchases
China made its biggest purchases of U.S. pork in seven weeks last week as Beijing said Chinese companies suspended purchases of American agricultural products, according to U.S. Department of … ( read original story …)
China ambassador to UK issues warning over protest movement
China began by censoring all news of the protests, but has in recent days taken to denigrating the protesters as criminals being manipulated by the U.S., Taiwan and other unnamed foreign powers. ( read original…
China decries ‘near terrorism’ protests as forces conduct military exercises close to Hong Kong border
China reiterated on Wednesday that Hong Kong … bringing the total number detained since June to 748, police told a news conference, adding that police stations have been surrounded and attacked … ( read original…
In A Pro-Beijing Neighborhood Of Hong Kong, Protesters Are Unwelcome
On a sultry recent afternoon, throngs of people in Hong Kong’s North Point district lined King’s Road, waiting tensely for black-clad young protesters to march through. In the mostly male crowd, many … ( read…
