Forget China, and look for new trade elsewhere … a $250-million Canadian contribution to the Chinese-backed Asian Infrastructure Investment Bank, but the impact would be symbolic. Launching a World … ( read original story …)
Tagged By banking
Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Yunji Inc.
The company is headquartered in Hangzhou, China.* “Deutsche Bank continues to expand its Depositary Receipts business in the Asia-Pacific region by acting as depositary bank for Yunji’s ADR … ( read original story …)
Worsening US-China trade tensions rattle financial markets
The Dow Jones Industrial Average tumbled more than 470 points Tuesday amid a broad sell-off on Wall Street as the U.S. and China moved closer to an escalation of their already costly trade war. The…
China’s economy: Sure, it’s big, but it’s still emerging
China’s GDP per capita is US$8,827 compared with US$59,532 in the United States, according to the World Bank’s 2017 figures. And while China’s economy slumped late last year – exacerbated by trade … ( read…
Stocks extend selloff as U.S.-China trade worries mount
pressuring interest rate sensitive banking stocks, which fell 1.51 per cent. Boeing Co., the single largest U.S. exporter to China, slipped 3.2 per cent and Caterpillar Inc declined 2.0 per cent. ( read original story…
Woman jailed for leaking confidential bank documents
A woman enters the China Banking Regulatory Commission building in Beijing on May 20. Photo: VCG A woman who used to work at the China Banking Regulatory Commission (CBRC) has been sentenced to one ……
Economic Watch: China steps up support for SMEs via structural tools
BEIJING, May 7 (Xinhua) — China announced a targeted cut in reserve requirement ratio (RRR) in its latest attempt of using structural tools rather than an across-the-board stimulus to help … ( read original story…
China’s runaway stimulus risks new debt crisis, Bank of England deputy warns
China’s debt-fuelled plans to prop up economic growth could push its already high debts up to dangerous levels, raising the chance of a painful crunch for the global economy, the Bank of England fears ……
China vice premier going to U.S. for trade talks despite Trump threats
U.S. officials have said China has backtracked on substantial commitments made during months of negotiations seeking to end their bruising trade war. Those concerns prompted Trump to say on Sunday … ( read original story…
China’s c.bank to auction 20 bln yuan worth of bills in Hong Kong
BEIJING, May 7 (Reuters) – China’s central bank said on Tuesday it would auction a total of 20 billion yuan ($2.96 billion) of bills in Hong Kong on May 15. The People’s Bank of China…
Aussie surges after central bank keeps rates on hold
with investors far from panicking about the prospect of a breakdown in negotiations between China and the United States to resolve their trade dispute. The Aussie rallied as much as 0.8 percent to … (…
FOREX-Aussie surges after central bank holds rates; yuan stabilises
with investors far from panicking about the prospect of a breakdown in negotiations between China and the United States to resolve their trade dispute. The Aussie rallied as much as 0.8 percent to … (…
Evening Update: Bank of Canada urges lenders to offer longer-term mortgages; one million species facing extinction, UN report says
Bank of Canada Governor Stephen Poloz is hitting back at critics … But what University of Toronto economics professor Loren Brandt has found is that “China’s problem is a productivity problem.” His … ( read…
