On August 6, the US Treasury department designated China as a currency manipulator, dealing a fresh blow to the world economy and global financial markets that are already grappling with multiple … ( read original…
FINANCE
Genworth to Sell Canada Unit to Brookfield to Ease China Deal
(Bloomberg) — Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for C$2.4 billion ($1.8 billion) as it works to win regulatory approval for its acquisition … ( read original…
Yuan at right level, disorderly capital flows unlikely, People’s Bank of China official says
China’s yuan is at an appropriate level currently and two-way fluctuations in the currency will not necessarily cause disorderly capital flows, a senior official at the People’s Bank of China told … ( read original…
It’s a ‘perfect storm for China right now’: investment strategist
Matt Miskin, market strategist of John Hancock Investments, told Yahoo Finance’s On the Move, that what we’re seeing unfold is “the perfect storm for China.” “They’ve had foreign policy as an issue as … (…
Exclusive: Yuan at right level, disorderly capital flows unlikely – China central bank official
UPGRADING THE TRADE WAR? The real aim of the U.S. currency manipulator label is to disrupt China’s financial markets and its economy, said Chen Yuan, former chairman of the China Development Bank – … (…
China fixes its yuan midpoint at 7.0326 per dollar
China’s central bank set the official midpoint reference rate for the yuan at 7.0326 per dollar on Tuesday, stronger than what analysts were expecting. It was the fourth consecutive session where the … ( read…
Exclusive: China central bank official says yuan at right level, disorderly capital flows unlikely
BEIJING (Reuters) – China’s yuan CNY=CFXS is at an appropriate level currently and its fluctuations will not necessarily cause disorderly capital flows, a senior official at the People’s Bank … ( read original story …)
China’s July new loans dip more than expected, further policy easing seen
the trade war and a years-long drive to purge risks from the financial system. Some firms also say banks are sharply reducing credit lines. China’ economic growth slowed to a near 30-year low of ……
China caught in low yield vortex
China’s bonds have proved somewhat resilient to the tracker … Singapore’s 10-year yield plumbed to around 1.68 per cent – its lowest since 2016 – on Monday after the Asian financial hub slashed its ……
China Stimulus Pressure Grows as Weak Economy Hits Loan Demand
Unlike global peers, China’s policy makers have shown little sign that they’re contemplating more aggressive monetary stimulus as they remain focused on keeping a lid on debt and financial stability … ( read original story…
Hong Kong protests ‘could have ripple effects very easily into China,’ Eurasia Group’s Hirson says
… in Hong Kong could have ripple effects very easily into China,” Eurasia Group Director for China Michael Hirson told Yahoo Finance’s On The Move. “What we need to watch for is a real further…
China’s Central Bank ‘Close’ to Launching Official Digital Currency
An official at China’s central bank has said the institution is nearing the launch of its digital currency. Speaking at an event in China over the weekend, Mu Changchun, deputy director of the … (…
China’s bank lending weakened in July, suggesting Beijing’s stimulus efforts not working
Chinese monetary data for July was weak across the board, suggesting that Beijing’s efforts to galvanise new lending are not having the intended effect. Chinese banks extended 1.06 trillion yuan … ( read original story…
