BEIJING (Reuters) – New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks. Chinese banks extended 2.73 trillion yuan ($416.62 billion)in new yuan loans in March, up…
No results matched your search EconomyApr 05, 2021 01:15PM ET © Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County (Reuters) -Shares of Pioneer Natural Resources (NYSE:) declined more than 6% as the U.S. oil producer’s $6.4 billion acquisition of rival DoublePoint Energy months…
SHANGHAI, April 12 (Reuters) – China’s yuan eased against the dollar in thin trade on Monday, pressured in part by escalating tensions between Beijing and Washington, while uncertainty over the policy outlook for major central banks kept investors in a cautious mood. The addition of seven Chinese supercomputing entities to a U.S. economic blacklist reinforced…
TOKYO (Reuters) – Japan made sure that language warning against excess currency market volatility remained in place when G20 finance leaders made a rare tweak to their message on exchange-rate moves, said officials with knowledge of the deliberations.In the first communique compiled since U.S. President Joe Biden took office, finance leaders of the Group of…
NEW YORK (Reuters) – Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager Coinshares showed on Tuesday.FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken…
Apr 8th 2021HONG KONGFacebookTwitterLinkedInWhatsAppEditor’s update: on April 10th Chinese authorities fined Alibaba 18.2bn yuan ($2.8bn) following an antitrust investigation. The firm is accused of pressuring retailers into offering their goods exclusively on its online store. It is the largest penalty ever handed down by the country’s regulators.CHINA’S TECH tycoons have not been themselves lately. In…
Apr 10th 2021SAN FRANCISCOFacebookTwitterLinkedInWhatsAppONE OF SILICON VALLEY’S most successful inventions is hype. It usually disappoints. In 2015 live-streaming from smartphones became all the rage. But Meerkat, an app which pioneered it, shut down the following year. On April 1st Periscope, its more successful rival, did too (no joke). Will Clubhouse, a buzzy app that hosts…
KARACHI, Pakistan, April 12 (Reuters) – Remittances of $2.7 billion in March from Pakistani workers employed abroad exceeded $2 billion for the 10th consecutive month, and were up 43% from a year earlier, the central bank said on Monday.Proactive policy steps by the government and State Bank to spur inflows through formal channels, combined with…
* India shares down 3%, rupee lowest since August * South Korean won, Thai baht weaken 0.5% each * Shares in Singapore, Malaysia, Indonesia slip * Indonesian rupiah at its lowest since November By Sameer Manekar April 12 (Reuters) – Asian currencies weakened and equities declined on Monday, with South Korean won, Indian rupee and…
BEIJING (Reuters) – Improved global demand and a favorable base effect are likely to have kept China’s exports buoyant in March, while higher oil prices will have been boosted its imports, a Reuters poll showed on Monday.FILE PHOTO: A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus…
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