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Chinese economy’s export pillar shows cracks from global slowdown By Reuters
© Reuters. FILE PHOTO: Trucks are seen at a container terminal of Qingdao port in Shandong province, China, following an oil spill in the Yellow Sea caused by a collision between tanker A Symphony and bulk vessel Sea Justice off the port, April 28, 2021. REUTERS/Car By Ellen Zhang and Ryan Woo BEIJING (Reuters) – […] More
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Big Chinese state-owned banks to cut personal deposit rates
SHANGHAI (Reuters) – Some of China’s big state-owned commercial banks will cut personal deposit rates from Thursday, the official Securities Times reported. Deposit rates in both current accounts and deposit accounts will be tweaked, the paper said in its report on Wednesday, citing sources from the banks. It did not name the lenders. The interest […] More
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Chinese regulator has not asked banks to report exposure -statement By Reuters
© Reuters. A sign is seen on a building of the headquarters of Fosun International, in Shanghai, China, March 29, 2016. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Fosun International said on Wednesday that media reports saying Chinese regulators have told the country’s biggest banks to start a round of checks on their financial exposure to […] More
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Chinese Yuan Leads Asia FX Losses on Sanctions Report, U.S. CPI Woes By Investing.com
© Reuters By Ambar Warrick Investing.com– China’s yuan fell the most among Asian currencies on Wednesday following a report that the U.S. was considering sanctions against Beijing to deter an invasion of Taiwan, with regional units also pressured by higher-than-expected U.S. inflation data. The sank 0.7%, coming close to a two-year low, while most other Asian […] More
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India says it uncovers fraudulent shell companies with Chinese links By Reuters
MUMBAI (Reuters) – Indian authorities on Sunday said they had arrested a man who had masterminded the creation of many shell companies linked to China and appointed dummy directors to run the fraudulent businesses. The latest arrest was part of a larger probe launched by the federal government’s Serious Fraud Investigation Office (SFIO) against founders […] More
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Pentagon stops accepting F-35 jets to check for Chinese content By Reuters
© Reuters. FILE PHOTO: The Pentagon building is seen in Arlington, Virginia, U.S. October 9, 2020. REUTERS/Carlos Barria/File Photo By Mike Stone WASHINGTON (Reuters) – The U.S. Pentagon has stopped accepting new F-35 jets after it discovered a magnet used in the stealthy fighter’s engine was made with unauthorized material from China, a U.S. official […] More
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Chinese city to start building stalled housing projects amid mortgage boycott By Reuters
© Reuters. FILE PHOTO: A man walks next to a construction site in Zhengzhou, Henan province, China January 13, 2020. REUTERS/Jason Lee BEIJING (Reuters) – The Chinese city of Zhengzhou vowed to start building all stalled housing projects within 30 days, by making good use of special loans, asking developers to return misappropriated funds, and […] More
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Asian Stocks Slip on Weak Chinese Trade Data, Fed Jitters By Investing.com
By Ambar Warrick Investing.com– Most Asian stock markets sank on Wednesday amid growing fears of more monetary policy tightening by the Fed, while weaker-than-expected Chinese trade data also weighed on sentiment. Tech-heavy and stocks were the worst performers in the region, losing 1.6% and 1.8%, respectively, amid jitters over rising U.S. interest rates. Japan’s fell 0.5%, […] More
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Asia FX Rattled by Dismal Chinese Trade Data, Fed Rate Risks By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies plummeted on Wednesday, with the Chinese yuan among the worst performers on weak trade data, while fears of more policy tightening by the U.S. Federal Reserve also weighed. deepened its losses, sinking 0.4% to a two-year low of around 6.9791 to the dollar. Data showed that China’s […] More
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U.S. SEC warns against switching auditors to avoid Chinese company trading bans By Reuters
© Reuters. Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly WASHINGTON (Reuters) – U.S. accounting firms that agree to lead audits of New York-listed Chinese and Hong Kong companies risk breaching U.S. rules, the U.S. […] More
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Chinese Stocks Supported by Stimulus, Asian Markets Recover By Investing.com
© Reuters. By Ambar Warrick Investing.com– Chinese stocks rose on Tuesday after the government vowed more measures to support economic growth, while most other Asian equities recovered slightly from recent losses. China’s bluechip index rose 0.5%, while the index added nearly 1%. Beijing on Monday vowed to ramp up stimulus efforts in the third quarter, as […] More
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Chinese Yuan Flat After Reserve Ratio Cut, Australian Rate Hike in Focus By Investing.com
© Reuters. By Ambar Warrick Investing.com– China’s yuan curbed recent losses on Tuesday after the People’s Bank attempted to boost liquidity in the country, while the Australian dollar rose slightly ahead of a broadly expected interest rate hike by the country. The traded flat around two-year lows of 6.9315, after falling substantially in recent sessions. The […] More
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