China’s yuan eased against the dollar on Thursday, despite the central bank setting the daily midpoint fixing stronger than expected, in what investors interpreted as an official attempt to rein in …
Tagged By financials
China’s Arsenal of FX Support Is Ready as Yuan Pessimism Lingers
China may need to dig deeper into its policy kit to arrest a slide in the yuan, if it is serious about quashing pessimism toward the managed currency.
China Resumes Yuan Support With Stronger-Than-Expected Fixing
China stepped in to support the yuan for a third time this week, once again signaling a limit to its tolerance for weakness in the currency.
Root’s Expensive Lesson, China Blocks Financial Analyst, More (Future of Finance | Week in Review)
A weekly five-point roundup of critical events in fintech, the future of finance and the next wave of banking industry transformation.
U.S.-China chips, ‘Bidenomics’ speech, Powell’s hike outlook: Top stories
U.S. officials consider tightening chip export restrictions on China. President Biden delivers a speech on economic goals in Chicago. Fed Chair Jerome Powell comments on the likelihood of consecutive …
Bloomberg roadshow in London explores latest developments in Chinese financial markets
Expanding Horizons” roadshow discussed the latest developments in the opening-up of China’s financial markets, as well as the most recent investment trends in China.
China’s foreign ministry, customs, central bank among top agencies in audit net over 1 billion yuan ‘misconduct’
Exorbitant pay hikes, unauthorised investments and failure to hand in profits among deviations spotted by National Audit Office Report follows study of 228.6 billion yuan in budget allocations to 41 …
China Needs Stimulus and Clearer Rules, Former IMF Official Says
China needs to keep cutting rates, roll out more stimulus and clarify the role it wants the private sector to play in the economy to restore confidence and help growth, a former International Monetary …
Beautiful Rally, AI Chips to China, Bank Stress Tests, Fed, Defense Stocks
The U.S. is considering new restrictions on exports of AI capable chips to China, negatively affecting Nvidia and AMD.
Futures slip, central bankers, Nvidia hit by China curbs – what’s moving markets
Futures slip lower despite optimism over the U.S. economy as investors await commentary from central bankers. Oil prices push higher, while shares in Nvidia look set to lead declines in tech stocks …
Tesla China On Track To Hit Record Q2 Sales Even As Market Share Shrinks Amid Heated Rivalry: Analyst
Tesla, Inc. (NASDAQ:TSLA) is gearing up to report its global second-quarter deliveries this weekend. Pointers are toward a record performance, with the electric vehicle maker’s key China market likely …
US lawmakers urge end to decades-old science and tech agreement with Beijing to curb Chinese military advances
US lawmakers have called on Washington not to renew a four-decade-old science and technology cooperation agreement with China that they claim has likely developed knowledge threatening United States …
U.S. stock futures fall after report of fresh chips-to-China-ban hits Nvidia and other AI players
Nasdaq futures were leading early declines following a report that the Biden administration is considering a new ban on sales of AI chips to China.