China’s central bank vowed on Monday to use multiple monetary policy tools to maintain reasonable and ample liquidity to shore up the country’s slowing economy. Monetary policy changes in the US and …
Tagged By banking
China’s central bank pledges to step up policy support for slowing economy
BEIJING (Reuters) – China’s central bank said on Monday it would step up support for the slowing economy, while closely watching domestic inflation and monitoring policy adjustments by developed …
Stock markets fall further on Fed hikes and China COVID lockdowns concerns
Investors balanced a strong U.S. jobs report against worries the Fed’s plans to bring down inflation may cause a recession.
Wall Street joins worldwide swoon on rate, China worries
Wall Street is tumbling toward its lowest point in more than a year Monday as renewed worries about China’s economy on pile on top of markets already battered by rising interest rates. The S&P 500…
Dollar Dominance Rips Through Every Market On Fed, China Risks
The dollar is ruling global markets in the dash for safety. As stocks, bonds and commodities plummeted on Monday, an index of the dollar continued its relentless advance to a two-year high. The …
China’s COVID Lockdowns Force Aramco To Slash Oil Export Prices
Saudi Aramco has reduced its oil export prices for the first time in four months amid Covid lockdowns in China that are spurring concern about demand stability. According to a Bloomberg report, Aramco …
China’s Iranian oil imports ease on poor margins, lure of Russian oil
China’s Iranian oil imports in April came off peak volumes seen in late 2021 and early 2022 as demand from independent refiners weakened after COVID-19 lockdowns pummelled fuel margins and on growing …
China, France to Co-Chair Zambia’s Debt Talks
China is on board,” Hichilema … The debt reorganization is “based on the principle of equal burden-sharing,” Zambian Finance Minister Situmbeko Musokotwane told reporters Monday in Cape Town. “That …
Treat Chinese firms fairly, Beijing tells India after Xiaomi’s threat claim
BEIJING/NEW DELHI (Reuters) -China on Monday urged India to ensure Chinese companies operating in India are not discriminated against, after Xiaomi Corp said its executives there had faced threats …
Beijing Goes Quiet As Zero-Covid Policy Smothers Capital
Millions of people in Beijing stayed home on Monday as China’s capital tries to fend off a Covid-19 outbreak with creeping restrictions on movement. Beijing residents fear they may soon find …
Interview: China’s banking and insurance sectors resilient to risks, uncertainties
China’s banks and insurance institutions, which are fairly resilient to risks, intend to step up support to virus-hit sectors, an official told Xinhua. “The steady operation of the financial sector is …
China’s April new yuan loans seen falling as demand weakens-Reuters Poll
BEIJING (Reuters) – China’s new yuan loans are expected to have dropped in April after a rebound in March as credit demand weakened, a Reuters poll showed, even as the central bank keeps policy …
China central bank: will not resort to flood-like stimulus
Southeast Asia will face a “big risk” of social unrest if there are “big surges” in food prices, an ASEAN economist at Bank of America Securities told CNBC. That’s because, … We can probably all…