Page 25 - Christopher Cushing News Today

HONG KONG/SHANGHAI/BEIJING (Reuters) -Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said. The sources with direct knowledge of the matter said the financial institutions were asked to make progress quickly, and that the State Council - China's cabinet - is coordinating effort related to supporting...

Revisions now put economic growth at +0.1% q/q in the fourth quarter, instead of -0.1%, so nullifying all the media lamentation about Japan's contraction. When it comes to about $4 trillion of annual GDP such a small revision is just statistical noise, but it fit the narrative of stabilisation that is encouraging the Bank of Japan to contemplate the end of negative interest rates. Four sources tell Reuters a growing number of policymakers are warming to the idea of normalising rates this ...

The yen strengthened against the dollar on Monday as signs the Bank of Japan will exit negative interest rates at its policy meeting next week contrasted with expectations for the Federal Reserve to...

A look at the day ahead in European and global markets from Wayne Cole. So Japan isnt in recession after all. Revisions now put economic growth at +0.1% q/q in the fourth quarter,... -March 11, 2024 at 01:30 am EDT - MarketScreener

The yen continued to rise on Monday as an upward revision in Japans growth figures bolstered investors bets that interest rates could rise this month, while bitcoin hit a new record high above...

Oil prices extended last week's losses on Monday on concern about slow demand in China, though lingering geopolitical risk surrounding the Middle East and Russia limited the decline. Brent futures fell 48 cents, or 0.6%, to $81.60 a barrel at 0129 GMT, while U.S. West Texas Intermediate (WTI) dropped 50 cents, or 0.6%, to $77.51. "Worries over weak demand in China outweighed the extension of supply cuts by OPEC+," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan...

Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders...

The yen firmed against the dollar on Monday as signs the Bank of Japan will exit negative interest rates at its policy meeting next week contrasted with expectations that the Federal Reserve will cut... -March 11, 2024 at 02:57 am EDT - MarketScreener

Chinas top coal-producing province of Shanxi intends to stabilise output of the fossil fuel this year with officials skipping production targets, after energy security concern saw targets rise in the...

Oil Prices: Brent futures fell 12 cents, or 0.2%, to USD 81.96 a barrel as at 0723 GMT, while U.S. West Texas Intermediate (WTI) dropped 21 cents, or 0.2%, to USD 77.8.