Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
China banks absorbed $170 billion FX swaps in ‘09: report »
Chinese commercial banks absorbed about $170 billion in foreign exchange from the financial system last year, mainly through yuan-dollar swaps, state media on Wednesday cited a former official as saying.
The Shanghai Securities News cited Xu Shanda, former deputy head of the State Administration of Taxation, as saying that the State Administration of Foreign Exchange [...]
USD mixed ahead of Bernanke, China tightens »
USD mixed ahead of Bernanke, China tightens
Wed, Feb 24 2010, 14:39 GMT
The USD is trading mixed ahead of today’s testimony by Fed Chairman Bernanke before Congress with the commodity currencies pressured by report that China told its banks to restrict new lending to local governments, the EUR rebounded supported by report [...]
Summers: China holdings of U.S. debt fluctuate (Reuters) »
on Thursday played down the significance of a decline in China's holdings of U.S. Treasuries.
's paring back of its portfolio as a possible sign of protest against U.S. policies.
But asked on CNBC about the move, Lawrence Summers, director of the
, said the reduction did not signal a concern and that U.S. government [...]
China in a dilemma as home prices soar »
SHENZHEN, China (Reuters) -
In the hard, exhaust-choked reality of his days trawling Longhua’s clogged roads, taxi driver Zhang Bo’s ambition to buy a small flat for his young family has slipped out of reach for now.
Like many Chinese who covet real estate as a symbol of stability and social stature, Zhang is dismayed [...]
Asia shares up, banks shrug off China policy move »
Asia shares up, banks shrug off China policy move
Asian shares leapt to a three-week high on Wednesday, powered by financial and resource shares after investors bought commodities on a weaker dollar, while Hong Kong shares shrugged off China’s latest move to temper robust lending.
The Hang Seng rose 1.8 percent after a long Lunar [...]
Goldman Sachs economist sees China revaluing yuan »
China could be about to allow its currency to strengthen by as much as 5 percent to slow down the country’s fast-growing economy, Goldman Sachs’ (
GS.N
) chief economist was quoted as saying on Sunday.
“I have a strong opinion that they’re close to moving the exchange rate,” Jim O’Neill told Bloomberg. “Something’s brewing. [...]
Dow, S&P 500 dip on China lending curb; Nasdaq up »
Dow, S&P 500 dip on China lending curb; Nasdaq up
The Dow and S&P 500 dipped on Friday as China’s move to curb bank lending and U.S. and European economic data raised fears the global recovery might be in jeopardy.
Even so, Wall Street stocks ended off the day’s lows as investors bet the European [...]
China moves again on lending, economy shows strength (Reuters) »
has ordered a further clampdown on excessive bank lending to ensure credit has not illegally entered the stock or property markets as two surveys on Monday showed the mounting challenges faced by policymakers.
China made a strong start to the year, according to January purchasing manager indexes (PMIs) that showed the economy runs a greater [...]
China may raise rates when CPI above 2.25 percent: adviser »
China may raise rates when CPI above 2.25 percent: adviser
SHANGHAI (Reuters) – China might increase interest rates once consumer inflation exceeds the one-year benchmark deposit rate of 2.25 percent, a prominent government adviser said on Monday.
Policymakers have traditionally been nervous whenever inflation-adjusted bank deposit rates turn negative in case savers pull their money [...]
Asian Session: China Raises Reserve Ratio & Scares Risk Takers »
Tue, Jan 26 2010, 09:07 GMT
USD rallied back in the Asian session, as news that China was againraising its reserve requirements on select banks and S&Ps loweringof Japans outlook spooked investors. Yesterday, Wall Street was able toclose on a postive note, but news from China and Japan clouded thesentiment.The Nikkei closed down [...]