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A package of support measures from the PBOC and banking officials was hailed by some analysts as a "turning point" and caused the property index to soar to a 2-month high in morning trading
A source said the group made the move partly because of concerns about a backlash in Washington against bankrolling the Chinese government with US capital, the report said.
US-China rivalry is expected to feature in talks at the ASEAN summit in Phnom Penh, but the UN is also pushing hard for leaders to help end the war in Myanmar
The Institute of International Finance said Chinese bond markets have suffered total outflows of $105 billion over nine months, while Chinese stock portfolios lost $7.6bn in October, the most since March.
Asian stocks scaled a seven-week high with investors upbeat after cooler-than-expected US inflation figures and signs China was about to relax its Covid curbs
The yuan jumped in Asian afternoon trade after China ordered health authorities to ease some of Covid rules and US inflation data suggested that Fed rate hikes could start to slow
The latest data suggests the Fed's swift monetary tightening is beginning to have an impact. Some analysts said this may be the start of inflation being defused. US stocks jumped on Thursday
Moves by the Politburo caused Hong Kong's Hang Seng Index to soar by over 7% on Friday, while Shanghai's benchmark CSI 300 jumped by 3% and the yuan hit a one-month high
The US Trade Representative's office said the latest talks between Taiwan and officials from six US agencies went well, before they wound up in New York on Wednesday
Chinese takeover would endanger public safety because of China's "deliberate, strategic approach to knowledge discovery and production control", German Economy Minister Robert Habeck said.
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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