China Seen Cutting Banks’ Reserve Ratio in August to Add Cash
China’s central bank may cut the reserve-requirement ratio for major banks as soon as this month in an effort to boost lending and revive momentum for the economic recovery.
China’s central bank may cut the reserve-requirement ratio for major banks as soon as this month in an effort to boost lending and revive momentum for the economic recovery.
Ambuja Cements Ltd., owned by Indian billionaire Gautam Adani, bought a majority stake in Sanghi Industries Ltd. as the tycoon expands his conglomerate’s cement operations.
Coal pits, stone quarries and hydropower lagoons are becoming hot real estate as European countries seek out new sites for solar panels
After eight months of deceleration, Turkish inflation probably ticked back up in July on the back of a string of tax hikes introduced to fix a swelling budget deficit.
Tesla Inc. is offering shopping vouchers worth 3,000 yuan ($420) to new customers in Shanghai, in conjunction with a local government incentive program aimed at boosting consumption and the flagging economy.
Australia expects to hear news within days on China’s four-month review of its punitive tariffs on Australian barley exports, Trade Minister Don Farrell said, in what would be the latest sign of improving ties between Canberra and Beijing.
China’s domestic market for initial public offerings, the world’s busiest since last year, is showing signs of cooling as Beijing seeks to slow offerings to boost liquidity.
China Evergrande Group’s property management firm plunged by a record as stock trading resumed for the first time since March 2022, wiping around $1.6 billion off the company’s market value in Hong Kong.
Bill Ackman is making sizable bets on declines for 30-year US Treasuries as a hedge on the impact of higher long-term rates on stocks.
CIFI Holdings Group Co.’s chairman Lin Zhong and other executives are trying to sell five houses in Hong Kong for about 16% below cost at $253 million, Hong Kong Economic Times reported, citing unidentified people.