China’s Ant Group is lowering credit limits for some young users of its Huabei virtual credit card product. It has been a month since China suspended the fintech giant’s $37 billion public listing plan. Ant said they intend to reduce the credit limit to promote more “rational” spending habits in a text message. Furthermore, the …
China will promote economic growth to a “reasonable” range while it pursues higher quality development. This was a statement from Premier Li Keqiang on Tuesday by state radio. Li did not give specific growth targets. The government would continue to implement policies. That is to support sectors in difficulties in this time of the coronavirus …
China to Promote Economic Growth to a ‘Reasonable’ Range Read More »
U.S. tech stocks regain some momentum, but China’s is down again. Beijing has drafted harsh new antitrust measures. Oil prices bounce back on signs of strong U.S. demand. OPEC’s monthly report will be out later. The U.S. broke its records for new cases of coronavirus infections. Almost 62,000 people are now hospitalized with the virus. …
Chinese investors guessing on Donald Trump’s re-election sent shares of an air traffic control software company soaring on Wednesday. Shares of Wisesoft Co Ltd, whose Chinese name sounds like “Trump’s big win”, jumped as much as 9.8%. Early returns showed some signs of a conclusive Democratic victory in the U.S. polls. This has made the …
U.S.-China Ties to Deepen Regardless of Who Wins Elections Read More »
Stock-index futures made a higher start for Wall Street on Monday. Expert analysts were building support for continued hopes for a stimulus package and positive economic data from China. Futures on the Dow Jones Industrial Average Stocks rose 193 points, or 0.7%, to 28,601. S&P 500 SPX futures were up 27.80 points, or 0.8%, to …
China’s official manufacturing purchasing managers’ index (PMI) persisted at 51.5 in September, with a reading above 50.0 implying factory output extension. This was an over the task of 51.0 for August, and also over the median expectations in a Bloomberg poll for a climb to 51.3. Caixin/Markit manufacturing PMI, which concentrates on smaller, private firms, …
China’s Manufacturing Services Outlook Stays Positive Read More »
The buying binge is about to end. Just this month alone, China could import within 867,000 BPD, as stated by the Reuters’ Refinitiv data. And further 900,000 BPD, as told by the oilfield services company Canary. After that, the flow of U.S. oil into China will sink sharply, Reuters’ Clyde Russell addressed this week. The …
China Increases Its U.S. Crude Oil Demand As Elections Are Approaching Read More »
Leading to the manufacturing and non-manufacturing purchasing managers’ index (PMI) readings. The yuan, which had purveyed to as low as 7.17 upon the dollar, has been one of the top-performing Asian currencies this year, rising nearly 3% year-to-date. Could the yuan challenge market expectations even more? On Monday, the People’s Bank of China (PBoC) left …
People`s Bank Of China Leaves LPR Unchanged And Adds More Liquidity Read More »
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