Oil prices dropped around 2 per cent on Monday, November 11, after China’s stimulus plan disappointed investors, Reuters reported. The report added that Brent crude futures fell by 2.48 per cent or $1.83 to $72.04 a barrel at 2:44 pm (GMT), and US West Texas Intermediate crude futures declined by 2.71 per cent or $1.91…
Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing’s week-long legislative meeting drawing to a close. Regional equities had started the day by tracking Wall Street’s overnight rise to record highs, with investors digesting the Federal Reserve’s message for careful…
ECONOMIST SOMETIMES say that China suffers from the three Ds: debt, deflation and poor demographics. America’s presidential election added a fourth: Donald Trump, who has threatened to slap high tariffs on Chinese exports when he returns to the White House. To counter these dangers, investors had hoped China would announce a decisive fiscal rescue package…
Every month, Mint’s Plain Facts section gives you an update on key global data to threads together the big developments worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it could affect India. This…
The Indian stock market is seeing increased foreign capital outflows as the ‘sell India, buy China’ strategy gains momentum. China’s latest stimulus package, unveiled in September and October, includes reductions in reserve requirements, mortgage rate cuts, and liquidity injections. It is aimed at boosting overall economic growth and has drawn substantial investor interest due to…
China’s major commercial banks have cut their deposit rates for a second time this year, a move that could help ease pressure on lenders’ profits after officials lowered mortgage and lending rates as part of efforts to boost the economy. Industrial & Commercial Bank of China and China Construction Bank Corp. and other big lenders…
China’s been an engine of regional growth for the past three decades, but its mounting economic woes have cast a shadow over its neighbors. As China’s top leaders get serious about reviving the economy, Beijing’s next policy steps could determine if it will again be a regional tailwind. For regional economies, it’s not about whether…
Home viewings and sales of new and previously owned homes jumped in China’s biggest cities during the recently concluded weeklong National Day holiday, state media reported, while rising more modestly in lower-income cities. Still, conversations with prospective home buyers suggest that uncertainty over Beijing’s policy direction has left many otherwise keen buyers with a sense…
Asia-Pacific’s private capital sector could get support from Chinese government stimulus as well as greater development of other financial markets in the region, according to data provider Preqin. China’s contribution to the region’s market for private capital has tumbled significantly in recent years, but stimulus measures and reforms from Beijing could spark a turnaround, said…
China’s central bank is moving ahead with a 500-billion-yuan swap facility to let securities, fund and insurance firms get liquid assets for their stock purchases. The establishment of the roughly $70.60 billion facility is part of a broader stimulus package introduced late last month by People’s Bank of China Gov. Pan Gongsheng to revive the…