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For Chinese regulators, even a censored US-based social network was too much. Microsoft said Thursday it would cease operating its work-oriented social network LinkedIn within China by the end of … Read More
IMF Managing Director Kristalina Georgieva. Samuel Corum | Getty Images Kristalina Georgieva, the managing director of the International Monetary Fund, is under pressure after allegations that she told staff at … Read More
Every time Beijing announces a crackdown on their industry, the running joke among the crypterati is that China has already banned cryptocurrency 18 times. Chinese government agencies have issued a … Read More
On Monday, S&P 500 closed down 1.7%, its largest drop since May. The consequences of a restructuring or default of China Evergrande Group this week are likely to largely be … Read More
USD/CNH is gradually inching towards a potential hurdle of 6.5000. A break above here would clear the way towards the 6.5630 level, economists at Société Générale report. Real estate group … Read More
China has denounced a nuclear submarine deal among the U.S., the U.K. and Australia — and tensions in the Indo-Pacific region will likely continue to rise, said an analyst at … Read More
Spas, cinemas and mahjong salons in the Chinese city of Harbin were ordered to close on Tuesday to prevent COVID-19 spreading in poorly ventilated spaces, state television reported. The temporary … Read More
USD/CNH keeps pullback from monthly high near intraday low. Evergrande fears fade as traders brace for PBOC, Fed. Market sentiment improves amid mixed concerns, lack of major negatives. USD/CNH remains … Read More
Lee Sue Ann, Economist at UOB Group, expects the PBoC to keep the LPR unchanged at this week’s meeting. Key Quotes “Monetary policy support is likely to be stepped up … Read More
Asian equities consolidate recent losses, mostly heavy though. Japan begins the week with over 1.5% losses, Australia prints mild gains. RBNZ’s Hawksby stays cautiously optimistic but RBNZ rate hike in … Read More
