China’s central bank cut a short-term policy rate on Friday, a day after saying it will lower the amount of deposits banks have to set aside as reserves …
Monthly Archives For September 2023
China exports and surplus remain strong while imports started to pick up
Trump has warned that if talks with Xi are not productive, he could quickly slap tariffs on another US$ 267 billion in Chinese imports China reported much stronger-than-expected exports for …
What is the EU fighting with China over? – Everything to know
When one gazes upon Europe’s grand automobile stage, the International Motor Show, top-tier brands like BMW, Mercedes, and Porsche typically steal the limelight. But recently, the golden aura of …
ASX 200 set to rally, Miners jump on China stimulus + Arm IPO pops 25%
ASX 200 futures are trading 88 points higher, up 1.22% as of 8:20 am AEST. Bond yields firmer, US Dollar Index up 0.6% to a 6-month high as US producer prices come in much hotter-than-expected…
All eyes on China’s economic data a day after surprise rate cut
China announced Thursday it was cutting the amount of cash that banks need to have on hand by 25 basis points, effective Friday.
China central bank cuts bank reserve ratio to support economy
BEIJING: China’s central bank said on Thursday (Sep 14) it would cut a benchmark ratio for the amount of cash banks must hold in reserve to “consolidate the foundation of economic recovery”.
China Cuts Bank Reserve Requirements to Aid Fiscal Stimulus
China’s central bank cut the amount of cash lenders must hold in reserve for the second time this year, a move that will help banks support government spending and Beijing’s broader effort to stoke …
China Says EV Probe Protectionist, While Analysts Point To China’s Success
China protested the EU’s anti-dumping investigation. Germany and France backed the probe. Some analysts pointed to Chinese efficiency rather than unfair trading.
Foxconn offers higher hourly rates for workers in Shenzhen at its Huawei production unit than its iPhone operation
Foxconn makes phones for Huawei and Apple and currently it is offering a higher hourly rate at the unit in shenzhen that makes phones for China tech giant that what it pays at iPhone unit.
Chinese defence minister under investigation by Beijing, US believes
The US government believes that Chinese defence minister Li Shangfu has been placed under investigation, in the latest sign of turmoil among elite members of Beijing’s military and foreign policy …
Beijing blasts ‘protectionist’ EU probe, German car sector wary
The probe has prompted warnings of retaliatory action from Beijing, as well as pushback from Chinese industry executives who say the sector’s competitive advantage was not due to subsidies.
Arm’s successful debut may signal an end to the IPO drought
Arm’s initial public offering ( IPO) is America’s biggest since Rivian, a startup that makes electric trucks, raised $14bn in November 2021. New listings dried up shortly thereafter. Many have been …
Arm shares soar 25% over IPO price in US stock market float; FTSE 100 posts best day of 2023 – as it happened
Shares in UK chip designer are making a successful debut on the US stock market today, while UK blue-chip stocks post their best day since last November …
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