BEIJING/SHANGHAI (Reuters) – U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest automo……
Tagged By finance
China’s Xi pledges billions in loans, aid to Arab nations
Xi said another $151 million was earmarked for aid projects, with the remaining $23 billion designated for financial and economic co-operation . No details were given about how or when the money would … (…
China has to do more reform-wise and patience is growing thin: EU Chamber
China might be making some progress on its reform agenda, but a lack of more ambitious changes will lead to an elevation in existing tensions bubbling in the global economic system, a new report from…
Barrick, China’s Shandong Gold to deepen ties, look at acquisitions
MELBOURNE — Canadian miner Barrick Gold Corp and China’s Shandong Gold on Monday said they would deepen cooperation beyond their Argentinian joint venture, potentially working together on acquisitions … ( read original story …)
China central bank brags about killing Bitcoin trading in the country
Bitcoin had a fantastic run last year, but the fun only lasted until January 2018 when a variety of factors contributed to Bitcoin’s massive fall. Fears of regulation in multiple markets were often ci… (…
Bitcoin Yuan Trading Below 1% of Global Total after Crackdown, Says China’s Central Bank
The much-publicized and controversial crackdown by China’s central bank on the country’s domestic cryptocurrency sector has had its desired effect. The People’s Bank of China (PBoC) – the country’s ce… ( read original story …)
Even if a Trade War Erupts, This Canadian Bank Remains a Top Investment
It appears that the conflict is only warming up, with Beijing vowing to match U.S. tariffs … investment and will benefit from a stronger U.S. economy is Toronto-Dominion Bank (TSX:TD)(NYSE:TD). Key … ( read original…
Amid US-China Trade War, Beijing Worries About Its Financial Sector
The trade war between the United States and China — the two largest economies in the world — officially started last week. Yet even before both countries began imposing tariffs on each other’s goods, ……
China tells banks to ‘significantly cut’ lending rates for small businesses: sources
BEIJING (Reuters) – China’s financial regulator has told banks to “significantly cut” lending rates for small firms in the third quarter in comparison with the first quarter, two people with direct kn… ( read original…
China regulator tells banks to ‘significantly cut’ lending rates for small businesses in third-quarter: sources
In a non-public notice issued by the China Banking and Insurance Regulatory Commission (CBIRC) in late June, the regulator also asked banks to increase real-time monitoring of lending rates, the sourc… ( read original story…
China’s financial opening ‘not a threat’ for local players: analysts
The further opening of China’s financial sector, despite introducing foreign competitors, would help introduce more mature financial products and test the governing ability of Chinese financial regula… ( read original story …)
China’s FX reserves post surprise gain, withstand June market chaos
Reserves rose $1.51 billion in June to $3.112 trillion, compared with a drop of $14.23 billion in May, central bank data showed on Monday. Economists polled by Reuters had expected reserves to drop by ……
People’s Bank of China economist predicts U.S. tariffs will have little short-term impact on Beijing
The trade war will between Washington and Beijing will be difficult for the U.S. to sustain as many tariff targets are produced by joint ventures in China, predicts one of China’s leading economists. … (…
