China, the prime opponent to US economic power, and Brazil, which currently has the largest economy in Latin America, will be able to carry out their immense economic and financial dealings without …
Tagged By finance
World stocks rise as bank fears ease; China economy improves
Stocks are rising again as a bit more fear evaporates from Wall Street. The S&P 500 was up 0.7% early Thursday. The benchmark index is on pace for its fifth gain in the last six…
China’s Big Five banks post healthy results, warn of shaky recovery
China’s Big Five lenders posted above 3.5% annual net profit growth this week, but warned that the foundations of the country’s recovery were “not yet solid”.
Worried About Shadow Banking? Don’t Look at China
When we talk about shadow banking, we think of China, one of the world’s most indebted nations. Lending by companies that do not own a banking license has reached 50 trillion yuan ($7.3 trillion), or…
China must ‘reflect’ on the collapse of Silicon Valley Bank, keep a watchful eye on liquidity
Lu Lei, deputy head of the foreign exchange regulator, says China must pay close attention to overall liquidity in the financial sector China’s economy and banking system are largely insulated from …
China is now an unlikely safe haven
Whisper it, but could China offer a safe haven to global investors in a time of banking turmoil? On the face of it, the question is absurd. Only a year ago prominent voices were calling…
FTX’s Bankman-Fried to Plead Not Guilty to Campaign Finance, China Bribery Charges
Indicted FTX cryptocurrency exchange founder Sam Bankman-Fried is expected to plead not guilty on Thursday to new U.S. criminal charges, which include conspiring to violate campaign finance laws and …
UPDATE 1-China banking regulator chairman meets StanChart CEO
BEIJING, March 30 (Reuters) – China’s banking and insurance regulator on Thursday said its chairman, Guo Shuqing, met with Standard Chartered PLC Chief Executive Bill Winters on March 28. The pair …
China-driven growth seen helping emerging assets despite bank worries
Stronger Chinese-led emerging markets growth will likely buffer the stocks, bonds and currencies of many developing nations as markets in the United States and Europe are whipped around by banking …
China’s yuan eases as bank relief boosts dollar, PMI in focus
SHANGHAI, March 30 (Reuters) – China’s yuan eased on Thursday against the dollar, which was broadly firmer as concerns eased in the United States over the banking sector, while investors await March …
China’s Bank of Communications Posts 5.1% Profit Gain in 2022
Bank of Communications Co. delivered a better-than-estimated profit increase as it boosted lending to help cushion the economy from a slowdown triggered by the nation’s strict pursuit of Covid zero.
Xi’s New Vice Premier to Oversee Finance, Housing in Shake-Up
China has tasked its Vice Premier He Lifeng, a close confidante of President Xi Jinping, with the mandate of shoring up the nation’s embattled property industry as well as the $60 trillion financial …
China banking and insurance regulator chairman meets StanChart CEO
Guo Shuqing, chairman of China’s banking and insurance regulator, met with Standard Chartered Chief Executive Bill Winters on March 28, China’s banking and insurance regulator said on Thursday.