Mar.23 — Lowy Institute Fellow Thomas Wright discusses trade and protectionism, and weighs in on President Trump’s attempt to overhaul U.S. healthcare. Wright speaks on “Bloomberg Daybreak: Australia.” ( read original story …)
Tagged By finance
Canada gets green light to join controversial China-led infrastructure bank
The bank, which was established by China in 2015, aims to provide infrastructure capital … have said it plans to loan out $10-15 billion over the next five years. Finance Minister Bill Morneau has said…
Asia Financial to use asset sale windfall for special dividend, acquisitions
including UCF Group which is based in Beijing and Hong Kong which has businesses in financial technology, online wealth management, payments, health care and real estate sectors, a source familiar with the deal told the…
China’s Leverage Love Affair Is Tricky to Break, PBOC Finds
The need for stronger action is becoming clear at China’s financial regulators, with further steps likely thanks to leverage that continues to mount. First in the line of fire was the bond market, which had…
China’s Love Affair With Leverage Is Tricky to Break, PBOC Finds
The need for stronger action is becoming clear at China’s financial regulators, with further steps likely coming thanks to leverage that continues to mount. First in the line of fire was the bond market, which…
Myanmar praises China for suspending rebels' bank account
Relations with China have been strained by the ethnic conflicts spilling … via two mobile payment services – Tencent Holdings’ WeChat Pay and Alipay, part of Ant Financial, which is affiliated with U.S.-listed Chinese e-commerce…
Exclusive: China's AgBank suspends account being used to crowdfund Myanmar rebels
Banks and financial firms in China, as elsewhere, are required by “know-your-customer” rules to check the identity of people or companies using their systems. Compliance experts said global financial firms typically use a number of…
China should create a 'level playing field,' Ericsson chairman says
China should provide the same degree of market access to foreign companies as Chinese firms are receiving in other countries, Ericsson’s chairman told CNBC. “It’s obvious that if China is to be part of the…
China is beating America again, this time by investing in pricey Brooklyn real estate
Devotees of hot pot, a fondue-esque specialty from China’s Fujian Province, are lining up at eateries in Sunset Park, Brooklyn’s first Chinatown. In Bensonhurst, the annual Festa di Santa Rosalia remains a testament to the…
China must act or risk 'disorderly default' : OECD
BEIJING — China faces mounting financial risk even as an innovation drive aimed at rebalancing the economy away from low-value manufacturing falls short, according to a report by the Organization for Economic Cooperation and Development.…
China appoints banking regulator head to central bank monetary policy committee
BEIJING China’s cabinet said on Tuesday it had appointed Guo Shuqing, the head of the country’s banking regulator, to the central bank’s monetary policy committee, in a routine reshuffle. Guo, who was named as chairman…
Policy uncertainty, protectionism can impact global economy: China finance minister
BEIJING China’s Finance Minister Xiao Jie, who attended last week’s G20 meeting, warned that momentum seen in the global economy could be curbed by policy uncertainties and the rise of protectionism. G20 finance ministers and…
China central bank should clarify rate policy, improve communication: working paper
BEIJING China’s central bank should clarify its new short-term policy rate and the target rate level as soon possible, according to a central bank working paper, as authorities in the world’s second-largest economy slowly shift…
