FTSE 100 drops by 141 points to 7380.5, its lowest close in more than five weeks …
Monthly Archives For April 2022
Here’s why a further drop in China’s yuan could lead to another round of shockwaves in markets
Fears of renewed lockdowns in Beijing send the onshore yuan to its lowest level in more than two years, though it’s too soon to say if PBOC will intervene.
HSBC opens private banking business in Shenzhen
HSBC Bank (China) has launched its global private banking business in Shenzhen, expanding its wealth management operations in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA). It intends to offer …
Panic buying in Beijing stores amid COVID lockdown fears
Beijing residents begin panic-buying grocery essentials after mass COVID-19 testing order was announced Sunday.
Markets hit by China lockdown fears; UK manufacturing confidence slides amid supply crunch – as it happened
Fears over China’s economy are rising as Beijing district launches mass-testing, factory confidence drops and more British households are hit by rising costs …
Investors Fear Beijing Lockdown After Testing
Asian markets followed the US’ steep Friday sell-off lower as all markets closed down except for the Philippines, which gained +0.32%, and Australia, which was closed.
Beijing seeks to halt the yuan’s slide as China’s currency hits a 17-month low against the dollar
Beijing is lowering the required ratio of foreign-currency holdings for Chinese banks as it tries to curb a plunging yuan.
Crypto Column: Prices Mixed as Stocks Slump Over Fed-Policy Concern
Crypto prices are mixed on Monday, with bitcoin slipping below $40,000, amid concern about economic policy and China’s renewed covid restrictions.
Luxury Faces Headwinds in China, Room to Grow in the Americas
Luxury brands may face additional headwinds in China as pandemic-related restrictions widen to Beijing, Barclays warned in a research report Monday. With around a dozen locations each, “Gucci and …
China erects so-called ‘COVID cages’ in Shanghai as new cases emerge
Volunteers and government workers in Shanghai erected metal barriers in multiple districts to block off small streets and entrances to apartment complexes, as China hardens its strict “zero-COVID” …
China’s latest COVID outbreak spooks investors, while U.S. cases and hospitalizations are rising again
A fresh outbreak of COVID-19 cases in Chinese capital Beijing was dominating headlines on the pandemic on Monday as health officials reacted with …
Beijing to mass-test most of city as COVID-19 cases mount
Beijing authorities have announced they will conduct mass testing of most of the city’s 21 million people as a new COVID-19 outbreak sparks worries among residents of a Shanghai-style lockdown.
Beijing locks down some areas as COVID-19 cases mount
China’s capital, Beijing, began mass testing of more than 3 million people on Monday and restricted residents in one part of the city to their compounds, sparking worries of a wider Shanghai-style …
