Oil bounces early Tuesday, taking back a portion of the ground lost in a Monday rout that sent the global crude benchmark to its lowest close since …
FINANCE
China’s Central Bank Cuts Rates. How It Helps Stocks and the Global Economy.
The reduction of a seven-day rate by the People’s Bank of China could be the first of a series of stimulus to get the second-biggest economy back on track.
China’s May new loans miss forecasts, more stimulus likely
China’s new bank loans picked up in May from the previous month, as the central bank kept policy accommodative to support the economy, but signs of slowing momentum have raised expectations that more …
China’s Central Bank Moves to Shore Up Recovery
Unexpected trim in key lending rate likely heralds further steps to stimulate China’s economy.
China’s central bank cuts key short-term policy rate for first time since August
T he People’s Bank of China cut its seven-day reverse repurchase rate by 10 basis points from 2% to 1.9%, according to a central bank release, injecting 2 billion yuan ($279.97 million) through its …
China’s yuan strikes 6-month low after central bank cuts interest rate
China’s yuan weakened to a six-month low against the dollar on Tuesday, after the Chinese central bank lowered a short-term lending rate to help the economy through its shaky post-pandemic recovery.
China cuts short-term borrowing costs to support recovery
China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second …
Over 180,000 prosecuted in China for financial fraud since 2018
Since 2018, procuratorial organs across China have filed charges against more than 180,000 people suspected of committing financial fraud and disrupting the financial management order. More than …
Palestinian President Abbas begins China visit as Beijing seeks larger role in Mideast
Palestinian President Mahmoud Abbas began a visit to China on Tuesday that comes as Beijing is seeking a larger role in Middle East politics and competing for energy resources.
China’s yuan weakens after the central bank cuts a key short-term rate
T he People’s Bank of China cut its seven-day reverse repurchase rate by 10 basis points from 2% to 1.9%, according to a central bank release, injecting 2 billion yuan ($279.97 million) through its …
China’s central bank cuts short-term borrowing cost for first time since Aug
China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, in a bid to restore market confidence and prop up a stalling post-pandemic recovery in the world’s …
China’s Central Bank Cuts Key Policy Rate
The Chinese central bank’s move to cut a key policy rate may guide down benchmark lending rates.
China Cuts Short-Term Policy Rate as Recovery Weakens
China’s central bank unexpectedly cut its short-term policy interest rate, easing its monetary stance to help aid the economy’s recovery. Most Read from BloombergElizabeth Holmes Objects to …