China’s central bank says it will keep pressure on crypto market
July 31st, 2021 14:27
The People’s Bank of China will also supervise financial platform companies to rectify their practices according to regulations, it said in a statement on Saturday. Policy makers met on Friday to discuss work priorities for the second half of the year.
Macrotech Developers net debt falls 23% in Q1 to Rs 12,435 cr
July 31st, 2021 14:27
On Friday, the company reported a consolidated net profit of Rs 160.91 crore for the quarter ended June. It had posted a net loss of Rs 134.44 crore in the year-ago period. Total income grew to Rs 1,712.36 crore in the first quarter of this fiscal year from Rs 572.53 crore in the corresponding period of the previous year.
Big rethink ahead for US Chinese-listed stocks after ugly July
July 31st, 2021 14:27
The Nasdaq Golden Dragon China Index -- which tracks 98 of China’s biggest firms listed in the U.S. -- plunged 22% in July, its biggest one-month drop since October 2008. Amid the rubble, some investors see opportunities for companies and money managers alike. Either way, the heightened government oversight has added a new variable to the analysis on owning these stocks.
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