China stood back from supporting the yuan for a third day, triggering further declines, in a sign it may not yet be ready to draw a line in the sand for the weakening currency.
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China Tightens Grip on Markets After Selloff in Currency, Stocks
The central bank stepped up support for China’s slumping currency on Tuesday by setting the daily reference rate far stronger than estimates. The move came a day after a prominent finance writer and two of…
European stocks lack momentum as China boost fades
LONDON (Reuters) -European shares struggled to maintain positive momentum on Tuesday, after Asian stocks got a boost from China’s government saying it would support the economy, as investors focused on concerns about the economic outlook…
China steps in to stem yuan slide, shore up confidence
China’s monetary authorities took forceful action against a sliding currency for the first time in nearly eight months on Tuesday, with the country’s state banks acting to put a floor under the yuan even as…
Wall Street Cues, Beijing Economic Plans Churn Asian Stock Markets
Asian stock markets waffled Tuesday on Wall Street cues, although Hong Kong and Shanghai gained on market expectations of more economic stimulus from Beijing. Tokyo lost ground, and other regional …
UPDATE 2-China’s yuan firms as state banks step in; PBOC grows wary of decline
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 speculation that authorities were becoming less …
Biden’s protectionism is driving emerging economies into China’s hands
With China as the major sovereign creditor to developing nations , it holds the keys to debt restructuring. China will seek influence in this area and is unlikely to prioritize reforms friendly to Western democratic-capitalism…
Treasury yields nudge higher as China talk spurs riskier behavior
A slightly more risk-positive tone across global markets were reducing demand for sovereign bonds and nudging Treasury yields higher.
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 …
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