(Bloomberg) — China’s banking regulator has told the nation’s major lenders to accelerate recognition of nonperforming loans, as officials seek to bolster the quality of lending, according to people … ( read original story …)
FINANCE
Trump is losing his trade war with China
It’s an ominous development likely to rattle financial markets. Escalating tariffs raise costs, with no corresponding gain. But more than that, Trump’s blunt-force use of tariffs may indicate that … ( read original story …)
China Agrees Congo Republic-Debt Restructure, Minister Says
which is seeking a debt swap to ease pressure on its foreign reserves Congo’s external debt to China is estimated at 1.6 trillion CFA francs ($2.7 billion), according to a February 2018 report by the…
China Steers Credit to Small Firms in Targeted Reserve Cut
China’s benchmark Shanghai Composite Index was down 5 percent as of 11:20 a.m. and the offshore yuan was also weaker. Financial News, the PBOC’s newspaper, said the country still has room for … ( read…
Why China Communications Services Corporation Limited’s (HKG:552) CEO Pay Matters To You
China Communications Services Corporation Limited … and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. ( read original story …)
Stocks, commodities tumble after Trump vows China tariff hike
Global financial markets tumbled on Monday after U.S. President Donald Trump unexpectedly jacked up pressure on China to reach a trade deal, saying he would hike U.S. tariffs on Chinese goods this … ( read…
Global stocks, commodities tumble after Trump vows China tariff hike
SHANGHAI (Reuters) – Global financial markets tumbled on Monday after U.S. President Donald Trump unexpectedly jacked up pressure on China to reach a trade deal, saying he would hike U.S. tariffs on … ( read…
Yahoo Finance morning wrap for Monday
Is the US-China trade war over? Not quite … Buffett gave his annual address to shareholders of his investment company Berkshire Hathaway. Yahoo Finance has the exclusive live-streaming rights. Catch … ( read original story…
The Huawei feud isn’t the only reason canola exports to China are tanking
Speaking to reporters in Ottawa last week, Trade Minister Jim Carr cast the financial aid as part of an effort to “navigate the challenging period with China.” It is true that China has banned two…
China cbank says to cut reserve requirements for small and medium banks
As Amazon starts to roll out one-day shipping to its most loyal customers, it already has a logistics network spanning much of the U.S. BEIJING, May 6 (Reuters) – China’s central bank said on Monday…
China central bank says to cut reserve requirements for small and medium banks
BEIJING (Reuters) – China’s central bank said on Monday it will lower the reserve requirement ratio for small and medium-sized banks effective on May 15, marking the latest policy support measure by … ( read…
Central bank dovishness means stocks have a reason to keep rising
Specifically, the combination of diffused U.S.-China trade tensions and a policy-induced stabilization … Notably, the “sweet spot” of supportive central bank policies and tame inflation should help … ( read original story …)
China sets yuan mid-point at weakest level in 2-1/2 months
SHANGHAI, May 6 (Reuters) – China’s central bank lowered its official yuan midpoint to 6.7334 per dollar on Monday, the weakest level in 2-1/2 months, after U.S. President Donald Trump threatened to … ( read…
