Why is Chinas yuan-internationalisation push failing to meet expectations?

2023-09-22 03:48:39 • 1 min

Hong Kong stocks log best gain in a week as funds return, yuan stabilises

Stocks gain by the most in a week as values emerged, underpinning UBS view that the market is due for a turnaround soon. The yuan strengthens in offshore...

#market #offshoretrading #foreignfunds

2023-09-22 03:10:12 • 1 min

Japanese yen weakness may force BOJ tightening sooner than expected

Key Points If dollar-yen weakens beyond 150 per dollar, BOJ may tighten policy sooner than the markets are expecting, JP Morgan Asset Management Bob Michele...

#morgan #government #forecast

CNBC

2023-09-22 04:37:16 • 1 min

Hong Kong Says It Calls the Shots, Not Beijing. Investors Are Wary.

Its close ties to Beijing are putting the city, still an international financial hub, in a bind as it lures Western investors to revive its economy. Isolated...

#money #laws #politician

The New York Times

2023-09-21 04:01:12 • 1 min

Hong Kong Inflation Steady At 1.8%.

Hong Kong's consumer price inflation remained stable in August after easing in the previous three months, data released by the Census and Statistics...

#statisticsdepartment #businesscosts #monthlyrate

RTTNews

2023-09-21 11:26:14 • 1 min

Yen hits 10-month low against dollar amid Fed rate projections

The Japanese yen fell to a 10-month low against the U.S. dollar on Thursday, as the Federal Reserve's rate projections and the Bank of Japan's recent policy...

#rateprojections #forecast #policyshifts

2023-09-21 08:44:05 • 1 min

Will China weaponise the yuan? Global finance body throws cold water on idea

Intentionally weakening the yuan would be a boon for cheaper Chinese exports, but on the whole, a devalued yuan could make Chinas problems much worse.

#chineseexports #yuan #finance

2023-09-15 23:00:17 • 1 min

Taiwan cuts GDP outlook on weak global demand, keeps policy rate unchanged

Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...

#policy #economy #globaldemand

Channel NewsAsia

2023-09-21 08:56:20 • 1 min

Real Estate Crisis Triggers New Alarms Over Chinas Shadow Banks

A financially troubled firm has stopped paying investors, risking panic and testing the Chinese governments resolve to take on debts from its property...

#shadowbanks #estatecrisis #finance

The New York Times

2023-09-22 04:00:33 • 1 min

China heads off triangular debt quagmire with demands for state repayments

The Chinese government has begun a campaign to prevent triangular debt from impacting the economy at large, imploring state borrowers to make good on their...

#economy #privatefirms #ChineseGovernment

2023-09-21 13:00:19 • 1 min

Currency depreciation and infrastructure issues hamper African trade, says Standard Bank report

A recent report from South Africa's Standard Bank has highlighted numerous challenges faced by African businesses, particularly in the context of local...

#currencydepreciation #pandemic #policy

2023-09-21 15:19:22 • 2 mins

Asian markets sink, dollar gains as Fed hints at further rate hike

Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022 HONG...

#inflation #economy #health

Channel NewsAsia

2023-09-21 06:08:34 • 1 min

Politics

Stock Market Today: Asian Shares Mixed After Interest Rates-Driven Sell-Off on Wall Street

Asian shares were mixed on Friday after another slump on Wall Street driven by expectations that U.S. interest rates will stay high well into next year. Hong...

#wallstreet #Asianshares #economy

U.S. News & World Report

2023-09-22 05:51:09 • 1 min

Yen Falls Slightly After BOJ Keeps Policy Unchanged

The Japanese yen weakened against other major currencies in the Asian session on Friday, after the Bank of Japan maintained its ultra-loose monetary policy...

#government #bond #development

RTTNews

2023-09-22 06:33:58 • 1 min

Politics

China, at UN, Presents Itself as a Member of the Global South as Alternative to a Western Model

UNITED NATIONS (AP) China told assembled world leaders Thursday that it considers itself part of the Global South, saying it identifies with the goals and...

#globalsouth #president #government

U.S. News & World Report

2023-09-21 22:55:02 • 1 min

Technology

Buy These Chinese Tech Stocks as Risk to Reward Becomes Favorable

Despite mounting tensions between the U.S. and China several Chinese tech stocks are attractive at the moment. Present Bidens announcement of corporate...

#alibaba #space #geopolitical

Nasdaq

2023-09-22 03:47:00 • 1 min

High-level officials defend Chinas economic prospects at conference

During a briefing on the state of Chinas economy, officials from multiple government departments presented a united front against criticism of the countrys...

#unitedfront #chinaseconomy #governmentdepartments

2023-09-20 14:00:11 • 1 min

China courts the Global South by arguing it breathes the same breath with other developing countriesunlike the U.S.

Whether China and its $18 trillion GDP should actually be considered part of the Global South is a frequently debated matter.

#globalsouth #consideredpart

Fortune

2023-09-21 23:58:25 • 1 min

Emerging Asia currencies carry-trades lure on central bank inflation fight

Thailand, India and the Philippines are all seeing implied returns from forwards higher than recent averages, as Emerging Asian currencies, which have been...

#globalpeers #inflation #Asiancurrencies

2023-09-21 06:57:24 • 1 min

Gold Prices Drop as US Dollar Surges Following Federal Reserves Policy Meeting

Gold prices took a tumble on Thursday, following Wednesday's Federal Reserve policy meeting. The central bank's decision to hold its benchmark interest rate...

#development #index #followingwednesday