The Central Bank of China at the meeting on Thursday left short-term interest rates unchanged, although the Federal Reserve raised its key interest rate by 25 basis points to 2-2.25% on Wednesday. The decision of the Central Bank of China could again increase pressure on the yuan. According to the Fed forecast, the US economy will grow faster in 2018 than it was previously expected. At the same time, China's GDP growth is slowing against the backdrop of increased pressure on the Chinese economy due to US import duties. Enhancement of trade threats from the US and the weakening of economic activity in the country are prompting the Chinese authorities to soften the policy and reduce the cost of financing to help companies and maintain a steady growth in GDP.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...