BEIJING (Reuters) – More policy support for China’s economy, including boosts to banks’ lending power, is likely in coming months, some analysts say, to dispel gloom cast by property cooling measures, a burst of regulatory
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Risk-sensitive currencies perked up by Evergrande, dollar anchored before Fed
LONDON (Reuters) – Risk-sensitive currencies such as the Australian dollar and Chinese yuan jumped and the safe-haven yen eased slightly on Wednesday after Chinese property giant Evergrande said it would make an upcoming yuan bond
Read moreBOJ keeps policy steady, offers bleaker view on exports, output
FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-HoonTOKYO (Reuters) -The Bank of Japan kept
Read moreChina keeps lending benchmark LPR unchanged for 17th straight month
FILE PHOTO: A Chinese national flag flutters at the headquarters of a commercial bank on a financial street near the headquarters of the People’s Bank of China, China’s central bank, in central Beijing November 24,
Read moreAsian trade tense in the shadow of Evergrande and the Fed
SINGAPORE (Reuters) – Asian stock markets made a cautious start on Wednesday and the dollar held firm amid lingering nerves about the fallout from a looming failure at developer China Evergrande and anticipation the Federal
Read moreJapan's MUFG to exit U.S. retail banking in $8 billion deal with U.S. Bancorp
TOKYO (Reuters) -Mitsubishi UFJ Financial Group (MUFG) is pulling back from U.S. retail banking with the $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp as digital technology and industry consolidation squeeze out
Read moreU.S. swap spreads widen, three-month Libor rises as risk aversion spreads
NEW YORK (Reuters) – Spreads on 10-year U.S. interest rate swaps over Treasuries hit their widest in more than six months due in part to worries about the potential fallout of Chinese property group Evergrande’s
Read moreChevrolet Bolt EV battery production resumes
WASHINGTON (Reuters) -General Motors Co said on Monday that battery production for its recalled Chevrolet Bolt electric vehicle had resumed and that battery replacements will begin next month.FILE PHOTO: Workers assemble Chevy Bolt EV cars
Read moreDollar creeps higher as Fed's taper looms
SINGAPORE (Reuters) – The dollar began the week firmly on Monday with investors in a cautious mood ahead of several central bank meetings, headlined by the Federal Reserve, while looming catastrophe at indebted developer China
Read moreAsian stocks tense for Fed tapering news
SYDNEY (Reuters) – Asian shares eased and the dollar held firm on Monday ahead of a week graced with no less than a dozen central bank meetings, highlighted by the Federal Reserve which is likely
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