Five Chinese state-owned companies have withdrawn from the New York Stock Exchange, a sign of growing tensions between Beijing and Washington.
Tagged By banking
Spy ship: Lanka’s financial requirements & China’s promise of package shaped Colombo’s decision
China is Sri Lanka’s biggest bilateral creditor, owning over 10 percent of the island’s foreign debt. Beijing’s support is essential for Colombo to restructure its external borrowing to qualify for an …
Air Force tests ICBM after delay over tensions with China
The Air Force on Tuesday said it had successfully tested an intercontinental ballistic missile (ICBM) nearly two weeks after postponing the launch amid increased tensions with China over Taiwan. The …
Beijing is tanking the domestic economy — and helping the world
Until recently, Chinese consumers borrowed from banks to buy new homes — which had yet to be built — as investment properties. Now, developers are failing to finish their projects for lack of cash, …
Beijing issues action plan to boost enterprise innovation
BEIJING: Chinese authorities on Monday released an action plan to stimulate the technology-innovation capacity of enterprises.Jointly issued by the East Asian …
China’s economic ills persist under COVID-19 lockdowns
Rising COVID-19 cases and record youth unemployment saw China’s economy slump in July, further clouding its growth outlook for the year.
China’s holdings of US debt at 12-year low
Experts said on Tuesday that Chinese investors’ holdings of US Treasuries reaching a 12-year low will help China reduce market losses resulting from monetary tightening in the United States and …
Philippines considers pivot to Japan to help finance railway projects, after funding shortfall stalls China deals
The new Marcos administration is trying to finance three rail projects after Beijing turned down the previous government’s request for funding In 2012, another China-backed railway plan, the Northrail …
Economic Watch: China’s central bank cuts policy interest rates to bolster real economy
China’s central bank has leveraged its policy toolkit, cutting the interest rates of its medium-term lending facility (MLF) loans and reverse repos by 10 basis points for the second time this year, to …
China cuts key rates amid gloomy economic data : Can Beijing balance zero Covid and growth?
China cuts its key lending rate as dynamic zero covid and heatwaves take a toll on July growth figures. However, more liquidity may not encourage companies and consumers to take on more debt as …
China’s central bank to issue 25b yuan of bills in Hong Kong
BEIJING – China’s central bank plans to issue 25 billion yuan ($3.69 billion) worth of bills in Hong Kong next Monday. The central bank bills will be issued in two batches. One batch is worth…
Live news updates from August 15: China’s central bank lowers rates, Third Point pushes for Disney overhaul
The company’s stakes in Bank of America and American Express both rank among its five largest holdings. In the first quarter, Berkshire bet on Citigroup with an investment worth $2.9bn. The shifts in …
China cuts interest rate to lift economy as Xi eyes up
China’s central bank trimmed a key interest rate Monday to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is tr …
ADVERTISEMENT
