Last week China’s stock markets fell to two-year lows and the carefully managed renminbi declined 1 per cent against the US dollar as Mr Trump escalated his tariff threats and a host of economic indicators…
Tagged By finance
Trump risks prompting China financial shock
Donald Trump should be careful what he wishes for as he shoulder-checks China’s economy. Some might go for a poking-the-dragon metaphor here. But the U.S. president is not provoking the second-biggest economy so much as…
Taiwan hit by jump in cyber attacks from China
Taiwan has been hit by a jump in serious cyber attacks from China during the past two years in the latest sign that Beijing is only increasing its pressure as the US reaffirms its support…
China Moves to Shore Up Economy as Slowdown and Trade Fight Loom
China in essence told the country’s banks on Sunday that they do not have to sock away as much for a rainy day, allowing them to lend the money instead. The central bank said that,…
As trade war looms, China cuts some banks’ reserve requirements to boost lending
BEIJING (Reuters) – China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate…
Beijing to unlock Dh396bn with bank reserves cuts
China’s central bank will cut the amount of cash some lenders must hold as reserves, unlocking about 700 billion yuan (Dh396.63bn) of liquidity, as it seeks to control leverage and support smaller companies. The required…
China’s central bank frees up US$100 billion in funding as trade war looms
China’s central bank said on Sunday it would unlock at least US$100 billion for the country’s lenders to bail out troubled state firms and to help small businesses, as Beijing tries to shore up growth…
China’s central bank to cut reserve requirements
BEIJING: China’s central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by 50 basis points to free up funding for small firms as a trade war with the US…
China to Unleash $108 Billion in Reserve Cut for Some Banks
China’s central bank will cut the amount of cash some lenders must hold as reserves, unlocking about 700 billion yuan ($108 billion) of liquidity, as it seeks to control leverage and support smaller companies. The…
China cuts some banks’ reserve requirement ratios to steady liquidity
BEIJING (Reuters) – China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps) to accelerate the pace of debt-for-equity swaps…
China central bank cuts some banks’ reserve requirement ratios by 50 bps
BEIJING (Reuters) – China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps) in a move designed to stimulate lending…
China to Unleash $108 Billion in Reserves Cut for Some Banks
The required reserve ratio for some banks will drop by 0.5 percentage point, effective July 5, the People’s Bank of China said on its website Sunday. The aim is to support small and micro enterprises,…
Currency strategist expects China’s central bank to intervene as yuan weakens for seventh day
The yuan extended its losses for a seventh straight session on Friday after the People’s Bank of China set the midpoint lower for a third consecutive day, but analysts expect the central bank to soon…
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