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Economic Times » Chinese Trade
2y ago
The reflation trade stalled during the summer. But the central bank said this week it would likely begin pulling back on its $120 billion a month government bond purchasing program as soon as November, while also signaling that it may raise interest rates in 2022, earlier than many expected ..read more
Economic Times » Chinese Trade
2y ago
Asian stock markets made a cautious start on Wednesday and the dollar held firm amid lingering nerves about the fallout from a looming failure at developer China Evergrande and anticipation the Federal Reserve may move a step closer to tapering ..read more
Economic Times » Chinese Trade
2y ago
Uncertainty in markets remained high, with defensive sectors including healthcare and consumer staples leading early gains. Both sectors added around 1 per cent ..read more
Economic Times » Chinese Trade
2y ago
Zhang Yuanlin, chairman of Sinic Holdings Group, saw his net worth drop from $1.3 billion Monday morning to $250.7 million by the afternoon, according to Forbes, when his firm was forced to halt trading in Hong Kong following an 87 percent slump in its share price ..read more
Economic Times » Chinese Trade
2y ago
A major test comes this week, with Evergrande due to pay $83.5 million in interest relating to its March 2022 bond on Thursday. It has another $47.5 million payment due on Sept. 29 for March 2024 notes ..read more
Economic Times » Chinese Trade
2y ago
Shares of Sinic holdings fell 87 per cent to hit a low of 0.50 Hong Kong cents. Sinic Holdings is an investment holding company, which along with its subsidiaries, is principally engaged in property development and property leasing, according to Reuters ..read more
Economic Times » Chinese Trade
2y ago
“I do not see any upside in IRCTC over the next two years. People who buy at these prices might not make any money and might actually lose money out of investing in IRCTC ..read more
Economic Times » Chinese Trade
2y ago
“The Chinese are not paid their salaries at the Zvezda plant (Russia) in Bolshoy Kamen. They went on foot along the highway in the direction of Vladivostok. All the way they were "accompanied" by a traffic police crew…,” according to a report published in local Russian media ..read more
Economic Times » Chinese Trade
2y ago
The CPTPP originally was the Trans-Pacific Partnership, a group promoted by then-President Barack Obama as part of Washington's increased emphasis on relations with Asia. China was not included in the initial group and Obama's successor, Donald Trump, pulled out in 2017 ..read more
Economic Times » Chinese Trade
2y ago
The developer's woes have been snowballing since May. Dwindling resources set against 2 trillion yuan ($305 billion) of liabilities have wiped nearly 80% off its stock and bond prices and an $80 million bond coupon payment now looms next week ..read more