The dollar hit a two-year high on Tuesday as concerns about slowing growth in China and expectations that the Federal Reserve will aggressively hike rates boosted demand for the greenback.
Tagged By financials
China’s CIPS: A Potential Alternative in Global Financial Order
Emily Jin, research assistant at Center for New American Security and co-author of “China’s Digital Currency: Adding Financial Data to Digital Authoritarianism” discusses CIPS in a conversation with …
China encourages financial institutions to set up fund managers
HONG KONG — China will encourage commercial banks, insurers and brokerages to establish fund management firms in order to speed up the development of a funds industry, the securities regulator said on …
Share markets, Investors alarmed by the epidemic situation in Shanghai, Beijing
Share markets, Investors alarmed by the epidemic situation in Shanghai, Beijing Markets reacted negatively to the latest rapid COVID flare-up in China amid fears of additional lockdowns and reduced …
China lowers banks’ FX reserve ratio to 8% from 9% to stabilize yuan
China is cutting its foreign exchange reserve requirement ratio by 100 basis points to 8 percent from May 15. China’s central bank on Monday said the cut is aimed at stabilizing the yuan and releasing…
Dollar near two year-peak on China COVID fears, Fed hike bets
The dollar held near a two-year peak on Tuesday as concerns about the economic impact of China’s COVID-19 lockdowns held up the greenback’s safe-haven appeal and aggressive U.S. interest rate hike …
China’s central bank to promote steady, healthy development of financial market
China’s central bank will promote the steady and healthy development of the financial market and foster a sound monetary and financial environment. The People’s Bank of China made the remarks Tuesday …
Sri Lanka begins talks with China on refinancing debt
Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades.
Copper to Iron Ore Rebound as China Vows to Support Economy
Industrial metals from copper to iron ore recouped some of Monday’s losses after China pledged more support to help revive an economy that’s been imperiled by an escalating virus outbreak.Most Read fr …
China reacts to financial stress
Markets will continue to follow Chinese developments closely amid China expanding coronavirus testing to most of Beijing which could precede a shut-down of the city similar to Shanghai. A possible …
Tech Leads China Stocks Rebound as Beijing Renews Policy Support
Tech shares drove a rebound in Chinese stocks as Beijing’s renewed pledge to step up growth lured back some buyers after weeks of intense selling.Most Read from BloombergElon Musk Lands Deal to Take T …
China to offer another loan to settle existing loans, says Sri Lanka’s Cabinet Spokesperson
China has said it does not prefer debt restructuring, but is ready to offer another loan to settle existing loans, says Cabinet – Get the latest breaking news and top stories from Sri Lanka, the…
China Locks Down Northern Hub for Coal and Rare Earths Output
The lockdown of Baotou in the northern region of Inner Mongolia takes China’s Covid Zero policy deep into coal country and to a crucial hub for the production of rare earths.Most Read from BloombergEl …
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