pressuring interest rate sensitive banking stocks, which fell 1.51 per cent. Boeing Co., the single largest U.S. exporter to China, slipped 3.2 per cent and Caterpillar Inc declined 2.0 per cent. ( read original story…
FINANCE
Woman jailed for leaking confidential bank documents
A woman enters the China Banking Regulatory Commission building in Beijing on May 20. Photo: VCG A woman who used to work at the China Banking Regulatory Commission (CBRC) has been sentenced to one ……
Economic Watch: China steps up support for SMEs via structural tools
BEIJING, May 7 (Xinhua) — China announced a targeted cut in reserve requirement ratio (RRR) in its latest attempt of using structural tools rather than an across-the-board stimulus to help … ( read original story…
China’s runaway stimulus risks new debt crisis, Bank of England deputy warns
China’s debt-fuelled plans to prop up economic growth could push its already high debts up to dangerous levels, raising the chance of a painful crunch for the global economy, the Bank of England fears ……
China vice premier going to U.S. for trade talks despite Trump threats
U.S. officials have said China has backtracked on substantial commitments made during months of negotiations seeking to end their bruising trade war. Those concerns prompted Trump to say on Sunday … ( read original story…
China’s c.bank to auction 20 bln yuan worth of bills in Hong Kong
BEIJING, May 7 (Reuters) – China’s central bank said on Tuesday it would auction a total of 20 billion yuan ($2.96 billion) of bills in Hong Kong on May 15. The People’s Bank of China…
Aussie surges after central bank keeps rates on hold
with investors far from panicking about the prospect of a breakdown in negotiations between China and the United States to resolve their trade dispute. The Aussie rallied as much as 0.8 percent to … (…
FOREX-Aussie surges after central bank holds rates; yuan stabilises
with investors far from panicking about the prospect of a breakdown in negotiations between China and the United States to resolve their trade dispute. The Aussie rallied as much as 0.8 percent to … (…
Evening Update: Bank of Canada urges lenders to offer longer-term mortgages; one million species facing extinction, UN report says
Bank of Canada Governor Stephen Poloz is hitting back at critics … But what University of Toronto economics professor Loren Brandt has found is that “China’s problem is a productivity problem.” His … ( read…
China confirms economy czar going to Washington for talks
BEIJING — China confirmed Tuesday its economy czar will go to Washington for trade talks despite fears he might cancel after President Donald Trump threatened to escalate a tariff war over Beijing’s … ( read…
Markets fall after Trump threatens to hike China tariffs
Stock markets around the world, particularly in Asia, fell sharply Monday after U.S. President Donald Trump threatened to increase tariffs on imports from China at a time when many investors were … ( read original…
China State Funds Prepare Steps to Stabilize Stocks
China Petroleum & Chemical Corp. also spiked briefly, though it ended the day down 4.2 percent. Industrial and Commercial Bank of China Ltd., the country’s largest lender, displayed a similar pattern. … ( read original…
FOREX-Aussie surges after c.bank keeps rates on hold
with investors far from panicking about the prospect of a breakdown in negotiations between China and the United States to resolve their trade dispute. The Aussie rallied as much as 0.8 percent to … (…
