BEIJING (Reuters) – China’s central bank governor said on Friday the reserve requirement ratio for commercial lenders could be cut further by 25 to 50 basis points by the year-end depending on liquidity conditions, keeping the door open to more policy easing steps. The benchmark seven-day reverse repurchase rate has been lowered by 20 basis …
China cenbank chief flags more interest rate cuts Read More »
By Chen Aizhu SINGAPORE (Reuters) – China’s refinery output fell 5.4% last month versus a year earlier, official data showed on Friday, declining for a sixth consecutive month even with the start-up of a new plant as weak fuel consumption and skinny refining margins curbed processing. Refiners processed 58.73 million metric tons of crude oil …
China’s September refinery output falls for the sixth straight month Read More »
HONG KONG (Reuters) -China has approved separate insurance units to be set up by BNP Paribas and Prudential Financial, a regulator said on Friday, as it looks to further open up the world’s second-largest insurance market to foreign companies. China’s National Financial Regulatory Administration (NFRA) has approved the creation of a joint venture between BNP …
China approves BNP Paribas, Prudential insurance ventures Read More »
By Kantaro Komiya TOKYO (Reuters) – Consumer inflation in Tokyo for October likely undershot the central bank’s price target for the first time in five months, a Reuters poll showed on Friday. The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide price trends, was expected to have risen 1.7% from a …
Tokyo inflation likely to miss BOJ target for first time in five months: Reuters poll Read More »
By Colleen Howe BEIJING (Reuters) – China’s thermal power generation in September rose 8.9% from a year earlier, statistics bureau data showed on Friday. Thermal power generation, which refers to generation largely from coal and some gas-fired power plants, was 545.1 billion kilowatt-hours (kWh) last month, according to the National Bureau of Statistics (NBS). That …
By Makiko Yamazaki and Rocky Swift TOKYO (Reuters) -Japan’s top currency diplomat, Atsushi Mimura, said on Friday that recent currency moves are “somewhat one-sided and rapid,” in a fresh warning against speculative trading as the yen fell past the key 150 line against the dollar. “We as Japanese authorities are closely watching foreign exchange moves, …
Japan top FX diplomat says recent yen moves ‘one-sided’ in fresh warning Read More »
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices fell at the fastest pace since May 2015 in September, official data showed on Friday, despite increased efforts to revive the struggling property sector. In annual terms, new home prices were down 5.8% from a year earlier, deeper than a 5.3% slide in …
China’s new home prices fall at fastest pace since 2015 Read More »
By David Lawder WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva told Reuters on Thursday that China is too large to continue relying on exports to drive its economy and faces dangerously slower growth unless it shifts toward a consumer-driven economic model. Georgieva told Reuters in an interview that China’s growth could fall …
IMF’s Georgieva says China can no longer rely on exports for growth Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Anyone hoping for a quiet end to the trading week in Asia will be disappointed, as investors brace for a batch of top-tier economic data on Friday that includes Japanese inflation and the main event – Chinese GDP. Other Chinese indicators …
Morning Bid: Waiting for the big one … China GDP Read More »
BEIJING/SHANGHAI (Reuters) -China’s central bank and financial regulators have held meetings with key financial institutions, urging them to swiftly implement expansive policies to support the economy and the capital markets. The People’s Bank of China (PBOC) said in a statement on its website on Friday that it urged financial institutions to boost credit support for …
China urges swift implementation of expansive financial policies Read More »
