A look at the day ahead in markets from Sujata Rao. With swathes of China spending April under lockdown — 46 cities according to one estimate — it was inevitable that dining out, shopping, factory…
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Stocks, oil slip as dire China data feed recession fears
Asian share markets stumbled on Monday and oil prices slid after shockingly weak data from China underlined the deep damage lockdowns are doing to the world’s second-largest economy. China’s April …
Shanghai aims to reopen more businesses shut by COVID, Beijing battles on
The Chinese financial and manufacturing hub of Shanghai will gradually begin reopening businesses such as shopping malls and hair salons from Monday after weeks in a strict COVID-19 lockdown, the city …
China central bank keeps medium-term policy rate unchanged, market expects LPR reduction
SHANGHAI :China’s central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a fourth straight month on Monday, matching market expectations. The People’s …
China PBOC Cuts Mortgage Rate Lower Limit for First-Home Buyers
China’s central bank cut the lower limit on mortgage rates for first-home buyers, a move that could revive the property market and support the cooling economy.
China’s April Coal Output Leaps 11% on Year, but Demand Downturn Looms
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s energy supply, but the volume …
China’s economic data disappoint in April as Covid controls weigh
China reported a drop in retail sales and industrial production in April — far worse than analysts had expected.
Yields, S&P 500 Futures hold onto recovery moves amid Fed, China concerns
Furthermore, hopes of easing the virus spread in China spread optimism in Asia as the latest covid update from Reuters suggests softer numbers from Shanghai. “Chinese financial hub Shanghai reported …
Expect jobless rate to worsen in Hong Kong, finance chief warns, while also cautioning against excessive pessimism
But jobless rate expected to top out and gradually improve as long as pandemic continues to stabilise, financial secretary Paul Chan says.
China to cut lower limit for interest rates on first-home loans
China’s financial authorities on Sunday said that the lower limit for interest rates on first-home purchase loans will be cut. The lower limit for interest rates on first-home loans at the national …
China’s struggle delights some – but should make us all nervous
Covid has amplified the threats that accompany the country’s role as an economic superpower …
China Adds Support to Property Market as Shanghai Reopens Shops
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WRAPUP 1-Shanghai aims to reopen more COVID-shut businesses, Beijing battles on
SHANGHAI/BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in …
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