China pumps cash into banking system to support stimulus funding
November 15th, 2023 08:27
The Peopleâs Bank of China offered 1.45 trillion yuan ($200 billion) of cash through its medium-term lending facility â 600 billion yuan more than the 850 billion yuan coming due in November. The net injection was the most since 2016.
Chinaâs Xi Jinping begins first US trip in six years amid tight security
November 15th, 2023 08:27
Xi will be greeted at 3 p.m. local time Tuesday by Treasury Secretary Janet Yellen â one of the several top US officials who smoothed the path for his visit. The Chinese leader is traveling with his chief of staff Cai Qi and Foreign Minister Wang Yi, according to the official Xinhua News Agency.
US dollar tumbles most in a year as traders bet on end of US hikes
November 15th, 2023 08:27
A Bloomberg gauge of the dollar tumbled as much as 1.3% on Tuesday, the largest such drop since November 2022. It stayed close to the previous dayâs close on Wednesday, helping propel the won and ringgit to the top of Asiaâs currency rankings.
Cathie Wood predicts deflation to take hold in US next year
November 15th, 2023 08:27
âThe Federal Reserve has overdone it, weâre going to see a lot more deflation going forward,â the head of ARK Investment Management told Bloomberg TV Tuesday. âIf weâre right, and theyâve gone way too far, theyâll have to cut fairly significantly.â
European firms urge China to give more clarity on data transfer laws
November 15th, 2023 08:27
The European Chamber of Commerce in China called on authorities to "provide precise definitions for both "important data" and "personal information", as outlined in their rules, and also urged that a proposed relaxation of certain aspects of regulations announced in September be finalised as soon as possible.
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