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Global Market: China's yuan holds near 3-year high despite strong dollar; PBOC fixing supports currencyChina’s yuan remained near a three-year high against the dollar, supported by central bank guidance and strong foreign exchange settlement....- Global Market: Yuan strengthens as dollar retreats; China pushes back against undervaluation claimsThe Chinese yuan strengthened against the US dollar as the greenback retreated from an 18-month high. Beijing defended its currency policy ...
- Global Market: UK business growth cools as inflation pressures build in SeptemberBritish business activity weakened in September, with the services PMI falling to a three-month low while inflationary pressures intensifie...
- Global Market: Singapore's US stock trading push struggles to attract investorsSingapore’s attempt to boost US stock trading during Asian hours has seen subdued volumes, highlighting challenges from competing products,...
- Global Market: European shares edge higher as lower oil prices lift sentimentEuropean shares rose on Wednesday as falling oil prices boosted sentiment, while investors awaited eurozone PMI data for clues on economic ...
- Global Market: Grab executives buy over $30 million in shares after stock slumpGrab Holdings executives purchased over $30 million in shares to boost investor confidence following a 50% stock decline. The sell-off occu...
- US Market | Fed has sufficient reserves, strong rate control framework: PerliNew York Fed official Roberto Perli said the Federal Reserve has maintained effective control over short-term interest rates and sufficient...
- US Market: Fed’s Collins backs rate hike, flags persistent inflation risksBoston Fed President Susan Collins backed the Fed’s recent rate hike, citing persistent inflation risks and arguing that a somewhat more re...
- Global Market: Yuan slips as PBOC signals caution on currency appreciationChina’s yuan weakened Wednesday after the PBOC set a weaker midpoint, ending a 10-session streak of stronger guidance. Rising trade tension...
- Global Market | China’s slower loan growth is becoming the new normal: PBOC Governor Pan GongshengChina’s slower loan growth is emerging as a new normal as weakening property and local government sectors reduce credit demand faster than ...
- Global interest rates are rising: Will RBI rates, home loan EMIs and investments be affected?Loans would get costlier if and when the RBI hikes interest rates. In floating-rate loans, EMIs would rise even for existing loans. However...
- China-US spat at G20 largely came down to dispute over one wordA G20 finance meeting saw US and Chinese officials disagree over trade language. The core dispute centered on the phrase "non-market" polic...
- Shanghai plans subsidies to kick start dormant offshore debt market: ReportShanghai is rolling out new subsidies to lure offshore bond issuers into its free trade zone. This initiative aims to invigorate the curren...
- Global Market: China's central bank vows timely policy adjustments, backs panda bond marketChina's central bank has pledged to adjust its monetary policy tools in a timely manner while maintaining an appropriately loose policy sta...
- China sets overnight reverse repo rate steady at 1.25%, sources sayChina's central bank injected significant funds into the banking system. The People's Bank of China conducted overnight and seven-day rever...
- Impact of Fed policy changes on China's markets is limited: PBOC"The positive effect of China's normal monetary policy stance is emerging," Sun Guofeng, head of the People's Bank of China's (PBOC) moneta...
- After HDFC, People's Bank of China invested in these bluechips last fiscalAt the end of March 2020, PBOC held around Rs 4,418 crore worth of stakes in HDFC, Asian Paints and Ambuja Cements.
- Inside the PBOC’s struggle to balance China’s growth and debtEven with worsening data pointing to the risk of a sharper decline, the PBOC is staying the course, for now. While the US Fed has slashed b...
- China’s PBOC ‘close’ to launching cryptocurrencyMu repeated the PBOC’s intention that the digital currency would replace M0, or cash in circulation, rather than M2, which would generate c...
- People's Bank of the world? Next PBOC head inherits global cloutAn illustration of just how much the PBOC’s clout has grown came in August 2015 when an attempt to re-jig how China’s tightly controlled cu...
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