Chinese Economy

By Carol Lye Cheap valuations in late 2018 had set the stage for an emerging market recovery, and finally receiving a lifeline this year. The Federal Reserve (Fed) cut rates three times totaling 75 basis points (bps), and equally important, oil prices stayed…

Alfa Romeo Giulia at the Geneva International Motor Show. Alfa's sales are way down in 2019. (Photo ... by Robert Hradil/Getty Images) Getty Images Europes auto sales spiked in October because of a data anomaly but this couldnt camouflage the poor outlo…

SINA (NASDAQ:SINA) and its social media platform Weibo(NASDAQ:WB) both shed nearly 20% of their market value after posting their third-quarter reports on Nov. 14. SINA spun off Weibo in an IPO in 2014, but it still retains a majority voting stake in Weibo, an…

The US Federal Reserve on Friday said a prolonged, rapid credit expansion in China has rendered its corporate sector highly vulnerable to a sharp downturn and warned that adverse developments in China also could spill over to the US and other global markets. …

BANGKOK (AP) Shares were mixed in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade. Markets have swung from euphoria to alarm as officials in Beijing and Washington offered conf…

Ravindra Rao Gold hit a three-month low of $1,445.7 an ounce in the international market earlier this week but has since recovered to trade near $1,465/oz. The metal recovered as market players grew sceptical about the US-China trade deal, while geopolitical…

As hinted by traders last hour, the Chinese central bank, the People’s Bank of China (PBOC), conducted the Medium-Term Lending (MLF) operation on Friday. Issues 1-year MLF at 3.25% vs 3.25% previously. Injects CNY 200 bln via one-year MLF. The second phase…

Chinese tech giant Tencent(OTC:TCEHY) recently posted its third-quarter earnings. Its revenue rose 21% annually to 97.24 billion yuan ($13.75 billion), but still missed estimates by about $100 million. Its net profit dropped 13% to 20.4 billion yuan ($2.97 bi…

Image copyrightEPA Germany has narrowly avoided a recession, according to new official data. The country's economy grew by 0.1% in the third quarter of the year after contracting in the previous three months. A recession is often defined as two consecutiv…

Since 2014, Chinas central bank has been examining the potential for a digital yuan. To date, however, the bank has not launched one, and it warned yesterday (Nov. 13), reports to the contrary are inaccurate and potentially fraudulent. The Peoples Bank of Ch…