A slightly more risk-positive tone across global markets were reducing demand for sovereign bonds and nudging Treasury yields higher.
FINANCE
Climate finance: China’s Ping An Bank lends US$25 million to Inner Mongolia steel maker to capture carbon emissions
The loan will help fund a pilot carbon capture, utilisation and storage project with Baotou Iron and Steel Group Project aims to reduce carbon-dioxide emissions by 365,300 tonnes per year, equivalent …
China’s yuan firms as state banks step in; PBOC grows wary of decline
By Georgina Lee HONG KONG, June 27 (Reuters) – China’s yuan firmed on Tuesday after the central bank set its daily fixing stronger than market expectations for the second day in a row, bolstering …
The yuan’s plunge against the rival dollar underscores fears that China’s floundering economy will weigh on global growth
Mega-cap companies like Nvidia and Tesla are majorly exposed to China, and there are warning signs that the world’s second-largest economy is slowing.
China censors financial blogger as economic recovery falters
China’s benchmark CSI 300 stock index has also badly underperformed global peers on broad disappointment with the economic rebound, down about 1 per cent year to date, compared with a 13 per cent gain …
Asian stocks, yuan perk up on brighter China prospects
Asian stocks shook off earlier losses on Tuesday, helped by assurances that Beijing would support flagging growth in the world’s second-largest economy, which helped investors shift their focus away …
China’s state banks seen selling dollars offshore to slow yuan drop – sources
China’s major state-owned banks were seen selling dollars in the offshore spot foreign exchange market on Tuesday, four sources with knowledge of the matter said, suggesting authorities’ wanted to …
China Extends Fight Against Weak Yuan as Drops Unsettle PBOC
China took a further step to slow the slide in the yuan, setting its daily reference rate for the managed currency at a stronger-than-expected level for a second day. The People’s Bank of China …
China on course to achieve 5% economic growth target in 2023: premier
China is on course to achieve its five percent target for economic growth in 2023 set by Beijing earlier this year, premier Li Qiang said Tuesday. “For the whole year, we are expected to achieve…
China bans ‘negative’ finance writers as stock market sinks
The move is likely to increase concern among foreign investors about access to independent information. Read more at straitstimes.com.
PBOC Has Little Incentive to Intervene as Chinese Yuan Slides Due to Wide China-US Interest Rate Spread, Analysts Say
The People’s Bank of China has not moved to halt the recent weakening of the Chinese yuan against the US dollar. The big spread in China-US interest rates is one of the main reasons behind…
China home sales require more easing to escape ‘current malaise’, analysts say
Among 13 cities selected by China Index Academy, one of the country’s largest independent real estate researchers, home sales by gross floor area rose 18.5 per cent in June compared to the previous …
What If China Can’t ‘Lend’ the World a Hand?
As the market is close to new highs, the U.S. economy is going through a severe lending crisis, and if China is not able to recover as everyone wants it to, then we’ll have a…
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