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China Maintains Yuan Defense After Currency Nears Red Line

(Bloomberg) -- China stuck to a holding pattern of supporting the yuan as pressure from a resilient dollar and poor sentiment weakens it toward a policy red line. Most Read from BloombergTrumpism Is Emptying ChurchesRBC Fires CFO Ahn After Probe Into Personal RelationshipThe Odds of $100 Oil Are Rising as Supply Shocks Convulse the MarketSaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomTurkey Joins NATO Allies in Suspending Europe Arms TreatyThe People’s Bank of China set t...
Xiaojia Zhi Iris Ouyang Bloomberg Businessweek Frances Cheung People Bank Chinese Banking Corp
Source: yahoo.com

Yuan Rebounds as PBOC Sends Strong Message of Support Via Fixing

(Bloomberg) -- China’s yuan pared losses seen Friday after the central bank signaled its support for the managed currency via a stronger-than-expected daily reference rate.Most Read from BloombergUS Homebuyers Expecting $10,000 Savings Face Tough RealityHarassment and Drugs Plagued a Citigroup Division for YearsFed’s Powell Ready to Support Job Market, Even If It Means Lingering InflationGucci’s China Shock Reverberates Across the Luxury LandscapeThe People’s Bank of ...
New Zealand Bloomberg Businessweek Tania Chen Iris Ouyang Masato Kanda Khoon Goh
Source: yahoo.com

PBOC Tries to Get 'More Bang for the Buck' With Surprise Moves

(Bloomberg) -- Constrained on all sides, China’s central bank is aiming to squeeze more value out of its policy actions by catching markets unaware with surprise easing aimed at putting a floor under the struggling economy. Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesT-Bills Without Tax Bills? This Fund Says It Cracked the CodeStocks Rally as AI Craze Sweeps Across the World: Markets WrapAT&T Outage Triggered by Company Work on Network ExpansionUS...
Chang Shu Hong Kong Yi Gang Bloomberg Businessweek Masaki Kondo Zhu Lin
Source: yahoo.com

Chinese Banks Cut Mortgage Reference Rate by Most on Record

(Bloomberg) -- Chinese banks cut a key reference rate for mortgages by a record amount, a sign that the nation is ramping up support for the property sector in a bid to revive demand. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover Financial in $35 Billion DealAmazon Deserves to Be Called Out for Swindling UsersWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InStocks Pause Near Record as Traders A...
New Zealand Pan Gongsheng Iris Ouyang Bloomberg Businessweek Shikhar Balwani Xing Zhaopeng
Source: yahoo.com

China Factory Activity Shrinks as Growth Hurt by Weak Demand

(Bloomberg) -- China’s factory activity contracted again in January as a tepid improvement in foreign demand failed to outweigh the drag from poor domestic sentiment, dealing another blow to investors awaiting more signals on how the government will support the economy.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneMusk Says First Neuralink Patient Received Implant in BrainMicrosoft Sales Top Estimates; Cloud Growth Disappoi...
Hong Kong Zhu Lin Zhao Qinghe Galvin Chia Bloomberg Businessweek Iris Ouyang
Source: yahoo.com

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China's 10-Year Yield Falls to Two-Decade Low on Easing Hopes

(Bloomberg) -- China’s benchmark government bond yield fell to its lowest in nearly 22 years on mounting expectations for further monetary easing amid a fragile economic recovery and stock-market selloff.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersMusk Says First Neuralink Patient Received Implant in BrainTrump Cash Stockpile at Risk From $450 Million Dual Verdi...
Bloomberg Businessweek Iris Ouyang Kiyong Seong People Bank United Overseas Bank Z Ben Advisors Ltd
Source: yahoo.com

China Downplays Big Stimulus in 2024, Testing Investor Patience

(Bloomberg) -- Chinese Premier Li Qiang gave his clearest signal yet that Beijing won’t resort to huge stimulus to revive growth amid the worst bout of deflation in decades. Another batch of troubling data is testing the patience of investors who worry Beijing is behind the curve.Most Read from BloombergBlinken Stranded After Boeing 737 Breaks Down on Davos TripStocks Drop as Solid Data Fuel Fed-Pivot Repricing: Markets WrapApple to Sell Watches Without Oxygen Feature After Legal SetbackD...
Switzerland General Chang Shu Hong Kong Zhang Zhiwei Iris Ouyang Asia Pacific
Source: yahoo.com

China's economic growth disappoints, fueling calls for stimulus

China is still contending with major challenges from deflation pressures and the property crisis as the year kicks off, with investors underwhelmed so far by policies to keep economic momentum going. Data released Wednesday presented a mixed bag for the worldโ€™s second-largest economy, which hit an official growth target for…
Chang Shu Switzerland General Robin Xing Tania Chen Bloomberg Li Qiang Zhu Lin

Taiwan markets mixed as election result seen forcing compromise | Sangmi Cha and Betty Hou

Taiwanโ€™s stocks posted modest gains while its currency weakened as investors digested the weekendโ€™s election results, with the potential for legislative gridlock and continued cross-strait tensions tempering sentiment.ย  The ruling Democratic Progressive Party won the presidency but lost its legislative majority, suggesting it will have to work with other major…
Iris Ouyang Christopher Wong Redmond Wong Jiyeun Lee Bloomberg Aerospace Industrial Development Corp Taiwan Semiconductor Manufacturing Co

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