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The People’s Bank of China reported an increase in foreign exchange reserves by $9 billion to $3 trillion 62 billion in November, which is noted for the first time since the monthly decline in July. For experts who had expected a reduction of reserves of $16 billion, this message came as a surprise. The regulator noted that the increase in the indicator was due to currency fluctuations and changes in asset prices. The national currency of China this year has undergone pressure from the trade conflict between the United States and China and the slowdown in the country's GDP growth, which showed the lowest rates in the third quarter since 2009. The gold reserves of the PRC in value terms increased in November to 72 billion 122 million dollars.
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 ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy