KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite higher inflation data in the United States (US), said an analyst.!-->…
China’s efforts to support stocks in Shanghai, Shenzhen and Hong Kong has triggered a US$689 billion gain in market valuation last week following 2023’s brutal sell-off. This recovery may not be a long-lasting one as policymakers are…
Authorities in China are considering a 2 trillion RMB ($278 billion) plan to reboot the ailing stock market, but the impact of the plan – which pushed markets in Hong Kong and the mainland into the black – doesn’t seem to have trickled…
China’s top leaders are expected to assemble at the central economic work conference in Beijing this month to hammer out economic goals for 2024. This is the first part in a series looking at what to expect from China’s economy next…
(Bloomberg) -- Chinese stocks pared gains as traders question whether Beijing’s latest stimulus measures will have the firepower to rescue the ailing economy.Most Read from BloombergThe CSI 300 Index gained 0.5% as of 1:39 p.m. local…
China’s commercial banks are raising questions about whether the central bank’s recent cut to outstanding mortgage rates will be sufficient to hold back a flood of mortgage prepayments and help protect bank margins.The People’s Bank of…
*China to step up policy adjustments*China state banks seen selling US dollars to prop up yuan*Ghana c.bank hikes again, calls for tighter fiscal policy*Hungary, Nigeria rate decision on deckBy Ankika BiswasJuly 25 (Reuters) - A rally in…
LONDON, July 21 (Reuters) - Oil prices crept up on Friday, buoyed by economic stimulus in slow-recovering China and falling inventories in the U.S..Brent futures were up 65 cents to $80.29 a barrel by 0817 GMT, while U.S. West Texas…
A look at the day ahead in European and global markets from Wayne Cole It could have been worse, is about the best that can be said of China's data dump today. The Q2 GDP number of +0.8% q/q just pipped forecasts, but y/y undershot at…