The yuan has had a tough time of late. It has weakened more than 10 per cent against the dollar since the Federal Reserve began raising rates in March 2022. That has left it trading…
Tagged By finance
Trump’s policies paint a ‘negative picture,’ yet his willingness to ‘cut deals’ may help with China, says the CEO of Southeast Asia’s largest bank
A s of now, U.S. voters face a choice between President Joe Biden and former president Donald Trump in presidential elections this November. And business leaders around the world—including in …
Exclusive-India races to build power plants in region claimed by China, sources say
India plans to spend $1 billion to expedite the construction of 12 hydropower stations in the northeastern Himalayan state of Arunachal Pradesh, two government sources said, a move that could raise …
Pakistan To Approach China To Restructure Its $15 Billion Energy Debt: Report
Pakistan has decided to approach its all-weather ally China with a formal request to restructure its USD 15 billion energy debt to help the cash-strapped country wriggle out of its financial woes.
Finance Minister to Visit China This Week For $15 Billion Energy Debt Restructuring
Finance Minister Muhammad Aurangzeb will go to China this week seeking restructuring of $15.4 billion Chinese energy debt. Planning Minister Ahsan Iqbal …
Asia investors wager on region’s rebound, China recovery
Asia’s rich and their bankers said they are backing an eventual recovery in China and betting exposure to a region that even in a slowdown is the fastest-growing in the world will pay off.
Tough-on-China bills eyed for passage before 2024 election: US House Speaker Mike Johnson
Legislation could further restrict outbound investments in the country and close a trade loophole for small parcels coming from the mainland.
DBS CEO says Trump will be open to cutting deals, which could suit China
Singapore bank DBS Group’s CEO Piyush Gupta said on Tuesday American presidential candidate Donald Trump, if he wins, would be open to cutting deals, which could suit China.
Australia pledges more funds for Pacific banking amid China interest
Australia on Tuesday pledged to boost investments in Pacific Island countries to support their banking systems after global financial firms limit services with them, citing risks, at a time when China …
Nvidia Could Generate $12B In China With New AI Chips That Comply With US Restrictions: Report (CORRECTED)
The headline of this story has been updated to more accurately depict the nature of Nvidia’s sales of AI chips in China. Nvidia Corp (NASDAQ:NVDA) is on track to sell $12 billion of artificial …
Complexities Dog Beijing’s Latest “Remedy” For China’s Property Crisis
Structural problems will make what is an already difficult challenge for Beijing all but insolvable in the short run.
China’s central bank tweaks liquidity operations
China’s central bank said on Monday it would start conducting temporary bond repurchase agreements or reverse repos to make open market operations more efficient and keep banking system liquidity …
China’s central bank takes more control over rates by adding temporary repos
BEIJING: The People’s Bank of China acted to take more control of market interest rates, announcing additional open market operations and tightening the band within which short-term rates can …
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