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January 29, 2021
China will likely avoid setting a 2021 growth target, dropping the closely watched measure for a second straight year on concerns that maintaining one could encourage provincial economies to ramp up debt, policy sources told Reuters. The world’s second-biggest economy eked out 2.3% growth last year despite the ravages of the pandemic that emerged in ...
January 29, 2021
By Reuters Staff 3 Min Read SHANGHAI (Reuters) - China’s short-term money rates rose for a fifth straight day on Friday, busting above the central bank’s interest rate corridor ceiling, as an insufficient liquidity injection raised speculation that a shift to a tighter policy may be underway. FILE PHOTO: A man wearing a mask walks past the headquarters of the Peoples Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, ...
January 28, 2021
| UPDATED: 19:13, Thu, Jan 28, 2021 Link copied China: Academic warns West to ‘not get on high ground’ Sign up to receive our rundown of the days top stories direct to your inbox SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes theyll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any ...
January 28, 2021
China will likely avoid setting a 2021 growth target, dropping the closely watched measure for a second straight year on concerns that maintaining one could encourage provincial economies to ramp up debt, policy sources told Reuters. The worlds second-biggest economy eked out 2.3% growth last year despite the ravages of the pandemic that emerged in the central city of Wuhan, and will rebound a sharp 8.4% this year thanks to Beijings aggressive COVID-19 response and global recovery, according t...
January 28, 2021
Provided by Dow Jones By Joe Wallace and Chong Koh Ping U.S. stock futures edged up, putting Wall Street on course for a steady open after losses induced by concerns about a slowing economic rebound and froth in markets, exemplified by the wild trading in retailer GameStop. Futures tied to the S&P 500 ticked up less than 0.1% after the benchmark index posted its biggest two-day decline since October. Contracts for the Dow Jones Industrial Average, which has fallen...
January 28, 2021
Stock Futures Point to More Losses on Wall Street; GameStop in Focus 01/28/2021 | 07:51am EDT Send by mail : Message : By Joe Wallace and Chong Koh Ping U.S. stock futures dropped, putting Wall Street on course to extend losses amid investor concerns about a slowing economic rebound and froth in markets, exemplified by the wild trading in retailer GameStop. Futures tied to the S&P 500 fell 0.3% after the benchmark stocks gauge posted its biggest two-day decline since October. Contra...
January 28, 2021
4 Min Read BEIJING (Reuters) - China will likely avoid setting a 2021 growth target, dropping the closely watched measure for a second straight year on concerns that maintaining one could encourage provincial economies to ramp up debt, policy sources told Reuters. FILE PHOTO: A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Dail...
January 28, 2021
Provided by Dow Jones By Chong Koh Ping International stocks retreated Thursday, after concerns about Covid-19 vaccine distribution helped push major U.S. indexes to their steepest one-day falls since October, and sent a measure of expected volatility soaring. Hong Kongs Hang Seng Index pulled back 2.5%. South Koreas Kospi Composite, Australias S&P/ASX 200 and Japans Nikkei 225 fell between 1.5 and 1.9%. S&P 500 and Nasdaq-100 futures shed 0.4% and 0.7%, res...
January 28, 2021
Provided by Dow Jones By Chong Koh Ping International stocks retreated Thursday, after concerns about Covid-19 vaccine distribution helped push major U.S. indexes to their steepest one-day falls since October, and sent a measure of expect volatility soaring. By early afternoon in Hong Kong, the citys Hang Seng Index was 2.3% lower. South Koreas Kospi Composite, Australias S&P/ASX 200 and Japans Nikkei 225 fell between 1.5 and 1.9%. S&P 500 and Nasdaq-100 fut...
January 27, 2021
China Won’t Exit From Stimulus Prematurely, PBOC’s Yi Says Bloomberg 1/27/2021 Bloomberg News (Bloomberg) -- China’s central bank won’t exit “prematurely” from its supportive monetary policies while at the same time keeping debt risks under control, Governor Yi Gang said. Popular Searches Monetary policy will continue to “prop up the economy,” Yi said on a panel hosted by the World Economic Forum Tuesday. Officials will remain mindful of risks, such as a rising...