Most emerging market stocks and currencies fell slightly on Wednesday as investors awaited more cues on U.S. monetary policy from the Federal Reserve, while Russian stocks rose after Moscow lifted some COVID-19 curbs.
South Africa's rand firmed by more than 1% on Tuesday in a return of risk appetite globally as investors continued to weigh the benefits of fiscal stimulus and coronavirus vaccine rollouts over concerns about second and third wave infections.
Oslo-listed seismic surveyor Polarcus has defaulted on its bank loans and bonds, it said on Tuesday, sending the company's shares plunging more than 30%.
By Reuters Staff
4 Min Read
SHANGHAI (Reuters) - One of China’s key short-term money rates surged to a near six-year high on Wednesday as investors worried that policymakers may be starting to shift to a tighter stance to cool gains in share prices and property markets.
FILE PHOTO: Headquarters of the People s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee
Unlike the past few years, the central bank has not been making net liquidity injections into the banking system to meet strong demand for cash heading into the long Lunar New Year holiday. In fact, it has been draining funds, catching traders by surprise.
China's recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of such firms, a senior banking and insurance regulator said on Friday, as the country looks to expand scrutiny of the fintech space.