Chinese stocks took a dive on Monday as the country combats its worst COVID-19 outbreak in two years and concerns grow over Beijing’s close relationship with Moscow.
FINANCE
Beijing makes case for Tencent breakup
The fine could be “at least hundreds of millions of yuan”, the report added, larger than the typical financial penalties for non-bank payment companies. Tencent’s Hong Kong shares opened down 8% at …
China’s central bank unexpectedly keeps medium-term policy rates unchanged
China’s central bank kept some of its policy rates unchanged in a liquidity operation on Tuesday, dashing expectations for a cut, although investors believe policymakers may resume monetary easing …
Feb bank data spark calls for policies to boost demand
The less-than-stellar financial data in February should lead to accelerated rollout of supportive policies to boost demand and stabilize economic growth, experts said on Monday. Data from the People’s …
China Opens Liquidity Gates Amid Rising Headwinds to Growth
The People’s Bank of China injected a net 100 billion yuan. It also kept the interest rate unchanged at 2.85% on Tuesday after slashing it in January for the first time in almost two years.…
Why China’s Payment System Can’t Easily Save Russia: QuickTake
Western nations have sought to punish Russia for invading Ukraine by imposing economic and financial sanctions and excluding some Russian banks from the omnipresent SWIFT messaging system, known as …
No impunity if China aids Moscow: minister
Finance Minister Simon Birmingham says Australia will move in lockstep with Western allies against countries that aid and abet the Russian invasion of Ukraine.
Morgan Stanley Sees No China GDP Growth This Quarter on Covid
Morgan Stanley cut its economic growth forecast for China to zero for the current quarter, and predicts Beijing will miss its annual target this year thanks to restrictive policies to bar the spread …
China stocks fall on COVID-19 lockdowns
Yahoo Finance’s Jared Blikre breaks down how Chinese stocks are trading. -Welcome back to Yahoo Finance Live. Lots moving on the Yahoo Finance platform. But Jared, let’s start with the moves we are …
Fund Managers Run Away From China Stocks Even With 75% Discount
Fund managers are leery of buying Chinese stocks as the country’s close ties to Russia, extreme Covid-19 curbs and lack of clarity on the end of regulatory crackdowns overwhelm the dip buying …
Report: U.S. tells allies China may be open to giving Russia military support
The U.S. has told allies in Europe and Asia that China has signaled a willingness to provide Russia military support in its ongoing unprovoked invasion of Ukraine, the Financial Times reported Monday.
COVID-19: China issues lockdowns amid Omicron outbreak
Yahoo Finance’s Anjalee Khemlani discusses the current outbreak of COVID-19 in China and what it means for the country’s zero-COVID policy.
US official says Russia seeking military aid from China
A U.S. official said Russia asked China for military equipment to use in its invasion of Ukraine, a a request that heightens tensions about the war as top aides from the …
