BUSINESS >> Markets

PBC injects liquidity

China's central bank made a net cash injection via open market operations for the third consecutive day Monday in an effort to ease a cash strain.
Source: Xinhua-Global Times | 2017/2/20 22:43:40

US dollar sags due to European political concerns

A slide in US bond yields pressured the dollar against the yen on Monday, while the euro struggled for traction after suffering significant losses at the end of last week on renewed concerns about the upcoming French elections.
Source: Reuters | 2017/2/20 19:58:39

Stocks jump with pension funds poised to invest

Chinese mainland shares rose on Monday, led mainly by alcohol makers and banks.
Source: Reuters-Global Times | 2017/2/20 19:58:39

China adjusts yuan midpoint mechanism

China’s official foreign exchange trading platform operator fine-tuned the yuan midpoint mechanism on Monday, three sources with direct knowledge of the matter said, the latest move to help curb speculation on the exchange rate.
Source: Reuters | 2017/2/20 19:58:39

In fear of the flu

Workers on Monday destroy pet food from Australia, which is suffering from a bout of bird flu. Officials from the Tianjin entry-exit inspection and quarantine bureau supervised the action, which destroyed $156,000 worth of the product, according to media reports.
Source: CFP | 2017/2/20 19:53:39

Nigeria to boost forex sales to retail buyers

Nigeria’s central bank plans to boost dollar sales for school fee payment and travel abroad so as to reduce the premium paid on the black market and support the naira, a senior banker said on Saturday.
Source: Reuters | 2017/2/19 19:38:39

ECB official welcomes inflation rise, but says too soon for rate hike

European Central Bank (ECB) board member ­Sabine Lautenschlaeger has said the ECB needs to wait to see if inflation stabilizes in its target zone of just under 2 percent before interest rates can be raised, but that she hopes its bond-buying program can be scaled down before year-end.
Source: Reuters | 2017/2/19 19:38:39

Fresh funds expected to send stocks gradually higher

Chinese mainland stocks are expected to gradually rise as more money appears poised to enter the market, according to media reports.
Source: Global Times - Reuters | 2017/2/19 19:33:39

In custody

Police escort Samsung Electronics Vice Chairman Lee Jae-yong to the special prosecutors’ office in Seoul, South Korea, on Sunday. A South Korean court on Friday issued an arrest warrant for Lee on bribery charges, according to media reports.
Source: CFP | 2017/2/19 19:28:39

China sets minimum prices for protective rice purchases

China has set minimum prices for state procurement of rice products in 2017 to protect the interests of growers, according to the top economic planner.
Source: Xinhua | 2017/2/18 14:44:34

HKEX to launch 1st RMB currency options in March

The Hong Kong Exchanges and Clearing Limited (HKEX) will introduce its planned Renminbi (RMB) currency options on March 20.
Source: Xinhua | 2017/2/17 13:24:30

China's yuan rises to 3-week high as dollar slips

The Chinese currency renminbi, or the yuan, continued its strength and rose to a more than three-week high against the US dollar Friday.
Source: Xinhua | 2017/2/17 11:17:03

China eases restrictions on stock index futures trading

The Shanghai-based China Financial Futures Exchange (CFFEX) announced late Thursday that it was easing restrictions on domestic stock index futures trading in a "sound and orderly" way after "assessment of market risk and supervision."
Source: Xinhua | 2017/2/17 7:48:07

Central bank resumes net cash injection to ease liquidity

China's central bank made a net cash injection of 100 billion yuan ($14.6 billion) into the financial system through open market operations Thursday, ending 14 days of net fund withdrawal.
Source: Xinhua-Global Times | 2017/2/16 23:08:40

BOE rethinks lending benchmark to prevent manipulation

The Bank of England (BOE) has revised its proposals for reforming how a benchmark for lending between banks is calculated, as part of its attempts to stamp out the manipulation of key reference points for financial contracts.
Source: Reuters | 2017/2/16 19:53:40

Railing against a retailer

Demonstrators hold placards and wave flags as they protest outside the headquarters of Marks and Spencer (M&S) in London on Wednesday. M&S said in November 2016 that it would shut down more than 80 stores at home and abroad, according to media reports.
Source: CFP | 2017/2/16 19:53:40

Stocks increase again on strength in commodities

Chinese mainland stocks posted modest gains on Thursday as higher commodity prices and infrastructure spending continued to boost shares of companies in the materials sector.
Source: Reuters-Global Times | 2017/2/16 19:53:39

Dollar retreats as US Treasury yields come off highs

The dollar pulled back on Thursday after rising to one-month high in the wake of upbeat US economic data, with demand for the greenback cooling as Treasury yields came off their peaks.
Source: Reuters | 2017/2/16 19:48:40