Qualcomm, Intel Corp, Advanced Micro Devices, Micron Technology Inc and Nvidia Corp were down between 1.3% and 2%. The CBOE volatility index, also known as Wall Street’s fear gauge, rose to 24.50 …
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China’s state-run semiconductor fund engulfed in scandal as Beijing probes three senior executives for alleged corruption
Ding Wenwu, former Big Fund president, was being investigated for ‘serious violations of discipline and laws’, a term that usually refers to corruption Spurred by Beijing’s push, provincial …
China’s central bank pledges stronger credit support for enterprises in H2
BEIJING – China vowed to maintain sufficient liquidity and step up credit support to enterprises in the second half of the year, as part of efforts to consolidate the growth momentum of its economy, …
Weekly Global News Wrap: Depositors hit by China’s banking fiasco to be repaid; HSBC pays £1500 to staff to help with living costs
And India’s Yes Bank is selling up to a 10% stake for $1.1b. From Reuters: HSBC will pay some of its British workforce a one-off payment of £1500 ($1,830) to help them deal with the…
China in Longest Streak of Liquidity Withdrawals Since February
The People’s Bank of China withdrew a net three billion yuan ($442 million) in open market operations on Tuesday, taking the total withdrawals since July 25 to 18 billion yuan. That’s the longest …
China to Resolve Risks in Property Market, Ensure Liquidity in Second Half, PBOC Says
In the second half, the central bank will ensure sufficient liquidity by using a variety of monetary policy tools, guide interest rates downward, keep the Chinese yuan exchange rate stable and support …
Pelosi’s Taiwan Trip Raises Angst in Global Financial Markets
Traders are bracing for US House Speaker Nancy Pelosi’s expected arrival in Taipei Tuesday to raise tensions with China, with Taiwan’s stocks sliding and global havens the yen and Treasuries …
China’s Property Crisis Threatens to Drag Down Steel Industry
China’s steel industry is entering a precarious new era as a worsening property crisis imperils demand and Beijing’s construction-led growth model looks increasingly untenable.Most Read from …
Stocks Fall, Bonds Up Amid Rising US-China Tension: Markets Wrap
Stocks in Asia retreated Tuesday amid escalating US-China tension over Taiwan and deepening worries about a global economic slowdown, risks that are supporting demand for bonds as a haven.Most Read …
HSBC boss denies Beijing will ensure bank is broken up in two
The British lender has faced a campaign in recent months from its largest shareholder, Chinese state-backed insurer Ping An, to divide its eastern and western operations.
Crunch looms in China-US wrangle over delistings
Ultimately, any solution to the delistings row will need to be both technical and political. There is “maximum willingness” on the Chinese side to find a concession that meets the technical terms of …
US-China Tension, Growth Fears May Sap Asia Stocks: Markets Wrap
Stocks in Asia face challenging conditions on Tuesday amid escalating US-China tension over Taiwan and deepening worries about a global economic slowdown, risks that are also driving a jump in …
Climate Finance and Geostrategic Interests in the Pacific
Explore More on Climate & Finance Read FP Analytics’ report on … including Australia and the U.S., that Beijing is offering loans as a mechanism for increasing China’s presence and political …