Micronesian island of Nauru named as the 110th member of the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) on Thursday.
Tagged By finance
US rate cut, China stimulus spark hope for more Asia private equity deals
U.S. interest rate cuts and China’s economic stimulus package for markets will be conducive to private equity deals in Asia, with lower funding costs and better market sentiment expected to make exits …
Xi’s Big Stimulus Week Aims to Draw a Line Under China Slowdown
For months, President Xi Jinping appeared unfazed by slowing growth as stocks sank, prices fell and discontent grew around China. This week showed he’s not willing to tolerate any more pain.
Cuts, cash, credit: China bids to jumpstart flagging economy
China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending. The raft of measures are considered the boldest in…
China’s New World Development shares up 23% after CEO resignation: here’s why
Shares of Hong Kong’s major property developer New World Development surged by 23% after the unexpected resignation of CEO Adrian Cheng, a prominent figure from the company’s founding family. The Hong Kong-listed company saw its…
Billionaire Buys ‘Everything’ China, Possible Non-Dom Tax Tweaks & Ceasefire Talks on Pause
Overnight on Wall Street is morning in Europe.Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.
A new stimulus might (or might not) jump-start China’s economy
Doldrums continue to plague China’s post-pandemic economy. Now the country’s leaders are firing up a new round of plans to jump-start growth. It just might not be enough.
Australian treasurer welcomes Chinese efforts to stimulate economy during Beijing visit
Australian Treasurer Jim Chalmers on Friday welcomed Chinese efforts to stimulate its slowing economy, noting that its recent weakness has hurt Australia. Chalmers was wrapping up a two-day visit to …
China central bank cuts seven-day reverse repo rate to aid economy
China’s central bank said on Friday it was lowering the borrowing cost of its seven-day reverse repurchase agreements, as part of the biggest stimulus package since the pandemic unveiled by Beijing …
China Cuts Key Rate, Frees Up Cash for Banks to Spur Growth
China cut the amount of cash banks must keep in reserve Friday, in a bid to free up money for financial institutions and bolster their efforts to boost the nation’s slowing economy. The People’s Bank…
China cuts banks’ reserve ratio as economic growth sputters
China’s central bank said on Friday it would cut the amount of cash that banks must hold as reserves by 50 basis points, the second reduction this year aimed at bolstering faltering economic growth.
David Tepper Buys ‘Everything’ China-Related on Beijing Easing
(Bloomberg) — Billionaire investor David Tepper is buying more of “everything” related to China after Beijing rolled out sweeping stimulus measures that exceeded expectations. Most Read from …
This Billionaire Investor Says It’s Time to Buy ‘Everything’ in China
David Tepper, in an interview with CNBC Thursday, said that following China’s massive stimulus effort announced Tuesday, it’s time to invest in “everything” in the country.