Page 2 - Alex Loo News Today

The US dollar’s recent rally has been relentless. But Asia’s central banks have the firepower to limit the fallout.

China’s credit demand improved, deflationary pressures eased and the yuan rallied, adding to a recent trickle of signs that the economy and financial markets may be stabilizing after a sharp downturn. The strong credit data published Monday showed recent steps to bolster the real estate market may be starting to…

The world’s second-largest economy is trying to regain traction as an ongoing property crisis and weak confidence drag on its recovery.

China’s manufacturing contraction eased slightly in August and a gauge of new orders improved, providing some hope that the worst of the sector’s slump may be ending. The official manufacturing purchasing managers’ index rose to 49.7, topping estimates and edging closer to the 50 level that would signal activity has…

(Bloomberg) -- Strategists may be getting increasingly bearish on the yuan but their words are failing to resonate with option traders who see very little chance of the currency falling to some of the most pessimistic levels forecast.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayWagner Chief Prigozhin Listed Aboard Crashed Jet...

The local currency rose to a nine-day peak on hopes the US Federal Reserve is done raising rates. Investors await a speech by Fed chief Jerome Powell on the outlook.

China’s economic slowdown is now spreading through the region as trade with major Asian trading partners plunged in July.

HONG KONG: China’s yuan firmed on Thursday, buoyed by the central bank’s move to relax a cross-border financing rule...

That largesse fell precipitously over the past three years as the country essentially closed its borders. But, as China prepares to reopen on Sunday, millions of tourists are poised to return to the world stage, raising hopes of a rebound for the global hospitality industry, CNN reported.Alth

In the years before the Covid-19 pandemic, China was the worlds most important source of international travelers -- its 155 million tourists spent more than a quarter of a trillion dollars beyond its borders in 2019, the media reported.That ...