[ad_1] China announced an investigation into Google and imposed new tariffs on a range of US products moments after President Donald Trump slapped a 10% tariff on goods from Beijing, reigniting a trade war between the world’s largest economies. China will probe the US tech giant for alleged antitrust violations, according to a Tuesday statement […]
Blackrock expects US Fed to deliver a rate cut next week – CNBC TV18
[ad_1] Ben Powell, Chief Middle East & APAC Investment Strategist at the Blackrock Investment Institute believes that the US Federal Reserve doesn’t like to let the market down. “So, if the market is fully expecting a cut next week and if the Fed doesn’t deliver, that would be a shock. Therefore, the Fed will follow […]
Chinese steel production recovers as market responds to stimulus – CNBC TV18
[ad_1] Chinese steel output recovered in October, snapping four months of declines, as sentiment brightens following Beijing’s efforts to rekindle economic growth. Healthier margins allowed steelmakers to churn out more metal, with production rising to 81.88 million tons, an increase of 6.2% on September and 2.9% higher than last year, according to the statistics bureau […]
S&P cautious on China’s growth outlook – CNBC TV18
[ad_1] As China unveils its latest stimulus measures aimed at boosting consumption, economists are cautiously optimistic but uncertain if this will be the turning point for the nation’s economy. Louis Kuijs of S&P Global Ratings expressed caution in altering China’s growth outlook, noting that while recent monetary easing efforts are a positive sign, they are […]
China’s 10-year bond yield falls to 2% for first time on record – CNBC TV18
[ad_1] China’s benchmark bond yield fell to 2% for the first time on record, as the central bank announced a package of monetary policy easing measures. The 10-year yield declined three basis points to 2% after the People’s Bank of China on Tuesday announced reductions to its policy rate, lenders’ reserve-requirement ratio and outstanding mortgage […]
Chinese banks hold lending rates after PBOC signals caution – CNBC TV18
[ad_1] Chinese banks kept their benchmark lending rates unchanged for August, as profit margins come under pressure and policymakers focus on the health of financial institutions. The one-year loan prime rate will stay at 3.35% and the five-year rate, a reference for long-term credit including mortgages, remains at 3.85%, according to a Tuesday statement from […]