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 …
Tagged By finance
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…
China’s coal imports increased by 43 percent in April compared to March
China’s finance ministry has reduced import duties on all types of coal to zero from May 1, 2022, to March 31, 2023, in an effort to assure energy security in the face of rising world…
China’s central bank to ramp up policy support for businesses, real economy: official
China’s central bank will readjust its monetary policy to expand support for the real economy to stabilize market entities, prices, employment and public expectations, in order to achieve the nation’s …
Asian stocks retreat as China’s lockdowns stir recession worries
There was no let up in China’s zero-COVID policy with Shanghai tightening the … “The Fed is not the only central bank facing inflation pressures. Increasingly, the guidance from the ECB is becoming …
Small businesses find relief in inclusive finance
[Photo/Xinhua] CHONGQING－As small enterprises in China grapple with the impact of the COVID-19 pandemic, inclusive finance is running full steam to provide a cushion for cash-strapped companies to …
