Chinas big 5 cut deposit rates to aid economy, but officials stay tight-lipped

2023-09-30 02:00:40 • 1 min

How Chinas Property Crisis Is Testing Its Too-Big-to-Fail Banks

Banks hold enormous amounts of real estate debt, and regulators are nervous. But a fast-moving crisis is unlikely because the government has extensive...

#propertycrisis #bond #economy

The New York Times

2023-09-30 04:01:13 • 2 mins

China's economic activity again weakened in September, China Beige Book survey shows

Key Points Corporate borrowing fell back to "very low levels" as loan rejections and the average loan rates spiked despite several moves from the People's...

#money #currency #revenue

CNBC

2023-09-29 02:34:26 • 2 mins

Cuts to outstanding mortgages might not be enough to boost Chinas housing market

Major Chinese commercial banks have cut rates for outstanding home loans as part of a series of state-directed stimulus measures aimed at easing homebuyers...

#debtburdens #cutrates #stimulusmeasures

2023-09-25 22:00:20 • 1 min

Opinion: De-risking from China? That way lies economic disaster

Amid shifts in geopolitics, supply chains and global trade, companies have been scared into rethinking how they operate and invest. Government officials who...

#opinion #Globaltrade #Geopolitics

2023-09-30 12:00:08 • 1 min

Chinese hedge fund punished for inappropriate staff behaviour -AMAC

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#investment #security #inappropriatecomments

2023-09-30 11:03:41 • 1 min

Congress is focusing on the wrong deposit insurance reforms

Increasing federal deposit insurance limits is not the answer to the banking system's woes. It would cause riskier behavior and more red tape. And it...

#congress #bill #business

American Banker

2023-09-29 14:00:09 • 2 mins

BOJ dispels view risk of loss will impede easy-policy exit

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#finance #market #government

2023-09-30 06:10:45 • 1 min

China central bank adviser proposes structural reforms to revive economy

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#economy #structuralreforms #government

2023-09-24 09:50:00 • 1 min

Wall Street giant Larry Fink sees 10-year Treasury yield at 5% or higher because of this embedded inflation. This...

The implications stretch far beyond markets to the rates paid on mortgages, student loans, and credit cards, and to the growth of the global economy itself.

#market #mortgage #StudentLoans

Fortune

2023-09-30 19:55:57 • 1 min

Opinion: Western bias against Chinas belt and road is hobbling climate action

As a green tech powerhouse, China can accelerate the Global Souths digital transition and foster a more sustainable model of economic growth. But the West...

#tech #perceivedthreat #sustainablemodel

2023-09-30 02:00:25 • 1 min

Canada's economy set for recovery, Bank of Canada to cut rates by 2025: Deloitte

Canada's economic struggles are expected to ease starting next year, with a significant recovery anticipated in the second half of 2024, according to a new...

#deloittecanada #canadianhouseholds #investmentoutlook

Investing.com

2023-09-29 02:04:06 • 1 min

BOJ's Ueda: Concern over losses won't affect monetary decision

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#finance #government #BOJ

2023-09-30 06:10:45 • 1 min

Chinas vows easier visas and payment methods for foreigners to boost tourism

As country kicks off golden week holiday, Beijing unveils wide-ranging scheme to lure international travellers in bid to reinvigorate sluggish economy.

#weekholiday #sluggisheconomy #internationaltravellers

2023-09-30 07:34:28 • 1 min

China's lottery ticket sales soar amid weak economy, job prospects

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#ticketsales #statisticsbureau #economicworries

2023-09-30 14:50:55 • 1 min

Jaspreet Singh Says Rich People Are Starting To Go Broke Heres Why

Prices for luxury items such as Rolex watches, extravagant cars, and works of art gained exorbitantly during the pandemic. However, it was only a matter of...

#jaspreetsingh #richpeople #pandemic

Nasdaq

2023-09-30 14:00:13 • 1 min

China factory activity expands for first time in six months

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#FactoryActivity #economy #index

2023-09-30 01:41:44 • 1 min

Fewer customers opting for regular savings deals despite interest up to 8%

The best headline savings rates on the market are paid by regular saver deals, but people are turning their backs on the products and taking out bonds...

#market #analysis #investment

Daily Mail

2023-09-29 05:00:49 • 1 min

Chinas manufacturing rebounds in latest sign of stabilising economy

Official manufacturing PMI rises to 50.2 in September from 49.7 in August, shifting to expansion range after five months of contraction as support policies...

#supportpolicies #economy #fiercecompetition

2023-09-30 04:03:14 • 1 min

Thai central bank chief says rate hike designed to anchor inflation

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#inflation #policy #quarterpoint