stimulus plan – Charm

Oil prices hold their ground after falling on China stimulus

Cs news1 month ago03 mins

By Colleen Howe BEIJING (Reuters) – Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC’s monthly report after China’s stimulus plan and oversupply concerns took the wind out of markets in prior sessions. Brent crude futures fell 1 cent to $71.82 a barrel, by 0158 GMT. U.S. West…

Despite Stock Market Hopes, China’s Stimulus Plan Won’t Fix Economy

Cs news3 months ago3 months ago011 mins

Sure, Wall Street. Go ahead. Ride the dragon. There was a moment of grace on Tuesday for investors, market analysts, and finance’s top brass when Beijing announced measures to try to reinvigorate China’s croaking economy. Pan Gongsheng, a governor of the People’s Bank of China, the country’s central bank, announced that 800 billion yuan, or…