caixin

 
 

US holds interest rate policy unchanged

Fundamental outlook THE US Fed chairman Jerome Powell and policymakers retained US interest rate policy. He mentioned that the Fed will remain patient in its rate hike plan. However, Powell also said the rate hike policy will stay on course despite criticism from President Donald Trump. Before the weekend, US bond yields fell and Dow […]


Factory activity shrinks across Asia as China cools

HONG KONG: Factory activity shrank across much of Asia in January, falling to the weakest in years in several countries and adding to worries that trade tariffs and cooling demand in China pose an increasing threat to global growth. The weak Purchasing Managers Index (PMI) readings reinforce expectations that central banks in Asia will put […]


Factory activity shrinks across Asia as cooling China threatens global growth

HONG KONG, Feb 1 — Factory activity shrank across much of Asia in January, falling to the weakest in years in several countries and adding to worries that trade tariffs and cooling demand in China pose an increasing threat to global growth. The…


PetroChina to drop PDVSA as partner in refinery project, say sources

SINGAPORE, Jan 31 — PetroChina Co plans to drop Petroleos de Venezuela SA (PDVSA) as a partner in a planned US$10 billion oil refinery and petrochemical project in southern China, said three sources familiar with the matter this week. The…


Chinese manufacturing had an even worse December than expected, more data show

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Results of a private survey on China’s manufacturing for the month of December showed factory activity contracted amid a trade dispute with the U.S. The Caixin/Markit Manufacturing Purchasing Managers’ index (PMI), a private survey, fell to 49.7 in December from 50.2 in November. Analysts’ in a Reuters poll predicted the PMI to come in at 50.1 in December. Huileng Tan | @huileng_tan Published 6 Hours Ago  Updated 5 Hours AgoCNBC.com Stringer | AFP | Getty Images Results of a private survey on China’s manufacturing for the month of December showed factory activity contracted forRead More


Casino operator soars 45pc in Hong Kong as missing boss returns

HONG KONG, Nov 27 — Shares in an Asian casino operator soared more than 40 per cent in Hong Kong today after it said its tycoon head, who suddenly went missing in August, had “resumed his duties.” Landing International Development said in a…


China's former trade negotiator questions tariff strategy

BEIJING, Nov 19 ― China's former top trade negotiator has questioned Beijing's strategy in the trade row with Washington, offering a rare window into a policy disagreement in the Communist-ruled country. Long Yongtu, who paved the way for the…


President Xi admits ‘uncertainty’ in China’s economy

BEIJING, Nov 1 — President Xi Jinping sought to reassure Chinese entrepreneurs at a meeting today with promises to prop up private firms with lower taxes and more funding, as he acknowledged uncertainty in China’s economy. Xi held the meeting…


China’s central bank says market to play decisive role in yuan exchange rate

NUSA DUA, Oct 13 — China’s central bank governor Yi Gang said the government would continue to let the market play a decisive role in establishing its currency exchange rate, refraining from using it as a weapon, amid an escalating trade war…


US payroll slumps despite low jobless rate

Fundamental outlook US jobs openings fell despite the 49-year record low unemployment rate. US President Donald Trump’s administration reached a trade deal with Canada and Mexico and rebranded the agreement as USMCA. UK saw a slowdown in its economic growth from previously exceeding most forecast. This was probably due to challenges presented by the Brexit […]