TOKYO (Reuters) – Japanese companies raised spending on plants and equipment in April-June but the pace of annual gains slowed to the lowest in five quarters, the Ministry of Finance (MOF) said on …
Tagged By banking
China to cut banks’ FX reserve ratio to rein in yuan weakness
China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, a move seen aimed at slowing the pace…
China’s state banks face profit squeeze as they comply with Beijing’s call for mortgage-rate cuts to aid property market
China’s biggest state-owned banks, mired in bad property loans, now face further downward pressure on profit as they prepare to respond to Beijing’s call to cut mortgage rates and revive the country’s …
China Central Bank to Cut FX Reserves Ratio
The Chinese central bank said it would lower the amount of foreign-exchange deposits banks will have to hold, a move seen as a bid to shore up the yuan.
China property market crisis deepens
On Wednesday, the real estate developer Country Gardens, until recently held up as a model of financial stability, announced that it had made a record loss of 48.9 billion renminbi, the equivalent of …
China’s biggest homebuilder ‘Country Garden’ on verge of financial collapse: Report
China’s largest property developer, Country Garden, said that it faced a loss of USD 7.1 billion in the first six months of the year …
China’s central bank to cut FX reserve ratio
China’s central bank said Friday that it would lower the amount of foreign-exchange deposits banks will have to hold, a move seen as a bid to shore up the yuan.
Marketmind: Asia kicks off September with eyes on Beijing
But September could offer a fresh start. Recent policy decisions and other steps taken by Beijing and Chinese firms to jump start investor sentiment and support local markets has had an effect.
China Stock Market Rallies Again As Beijing Pumps Up Stimulus; Is It A False Dawn?
The China stock market rallied again on Tuesday as Beijing unveiled another new stimulus measure, putting more money in consumers’ pockets.
China’s economy isn’t on the verge of collapse, and markets are overlooking these indicators, China Beige Book says
There has been a rebound in car, furniture, appliance and luxury purchases, said Shehzad Qazi, managing director of China Beige Book.
China-Europe ties: EU narrows search for new Asia chief to 3 candidates with front runners hinting at bloc’s Beijing priorities
The European Union is looking for a new Asia chief to steer its changing China policy, with veteran official Gunnar Wiegand set to retire on Thursday. The bloc’s External Access Service (EEAS), its de …
Former staff of China-led bank dispute ex-PR chief’s allegations of Beijing influence
Canadian Bob Pickard quit the Asian Infrastructure Investment Bank in June, alleging the bank is controlled by Beijing’s ruling class and serves China’s geopolitical ambitions …
China’s Slowdown Is Being Ignored by Global Macro Managers
Global financial markets are showing few signs of fretting over all the negative headlines from China, however discouraging they may seem.
