China Refrains From Rate Cut Despite Economic Challenges
(RTTNews) - China refrained from an interest rate cut on Monday despite the economic challenges as such a move would go against the hawkish stance...
Source: businessinsider.com
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World shares mixed; bitcoin holds steady near $20,000
TOKYO (AP) — European benchmarks were higher Monday after most Asian markets retreated,...
Source: lmtonline.com
Asian markets mostly lower ahead of US holiday
TOKYO (AP) — Asian markets were mostly lower Monday in cautious trading, while the...
Source: ctinsider.com
China's factories perk up, but frail consumption points to weak economic recovery
China’s economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak and underlined the challenge for policymakers amid the persistent drag from strict COVID curbs. The data, however, provides a path to revitalise growth in the world’s second-biggest economy after businesses and ...
Source: hellenicshippingnews.com
China steel futures dip as rains cloud demand outlook | Hellenic Shipping News Worldwide
Benchmark Shanghai steel futures fell on Wednesday, with rebar extending losses to a fourth session, as worries grew that the rainy season would slow construction activity in China already hit by COVID-19 restrictions. Data showing signs of an economic recovery in China last month offered little comfort to the ferrous commodity market in the world’s ...
Source: hellenicshippingnews.com