Starting June, the Fed is scheduled to shrink its nearly $9 trillion balance sheet. It will reduce its securities holdings by up to $47.5 billion a month. After three months, the Fed will ramp up…
FINANCE
China factory activity falls at slower pace, but Beijing needs to ‘pay attention’ to employment, logistics
China’s factory activity shrank less sharply in May as coronavirus … property developers are now struggling to finance existing projects. They won’t launch new ones until there has been a marked …
Analysis: China’s metals traders offload stockpiles as bleak demand outlook bites
China’s army of metal processors and traders has flipped from buyers to sellers amid a sharp downshift in economic activity in the world’s top manufacturer, heralding a potential warning sign for …
China stocks gain, Amazon approves 20-for-1 stock split, bitcoin rallies
Yahoo Finance Live looks at several stocks tied to leading industry stories, including how Chinese stocks are recovering from China’s COVID lockdowns.
METALS-Copper nears four-week peak on China lockdown easing
London copper prices rose to their highest in nearly four weeks on Tuesday, after data showed an increase in Chinese factory activity and an easing of COVID-19 lockdowns in top metals consumer China …
Wynn: At $65 Something’s Got To Give, Maybe A Longshot Bet On China Reopening
The IMF has downgraded China’s projected GDP growth down to 4.4% and some believe it will go even lower. The pandemic isn’t the only culprit here as investors know. The banking system is …
China Unveils ESG Reporting Program in Bid to Catch Global Peers
A new set of voluntary guidelines for Chinese companies to report environmental, social and governance metrics take effect Wednesday, offering a glimpse of what mandatory disclosures might eventually …
China unveils a package of policies to support economy
China’s State Council issued a circular on Tuesday, urging the implementation of a package of detailed policy measures to further stabilize the economy. The package, which was announced at a State …
China Expands Tax Cuts to Autos With Bigger Engines
China will cut the sales tax by half to 5% on some low-emission passenger vehicles as part of the government’s push to raise consumption hammered by Covid lockdowns. The Finance Ministry and the State …
China announces detailed stimulus measures to support its virus-hit economy
China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how …
Influence Nodes: China’s High-Profile Global Development Projects
Governments around the world, including that of the United States, have grown increasingly anxious about the nature and impacts of Chinese-financed global development projects. One source of concern …
China Unveils Car Tax Cut Details in Bid to Boost Spending
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergStocks Trim Gains as Inflation Concerns Increase: Markets WrapNATO Should Think …
Banking sector ratchets up support for economy
BEIJING: As Covid-19 continues to weigh on the world’s second-largest economy, China’s banking sector has added support measures, channeling funds to where they are needed the most. In times of …
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