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Showing 11 - 20 of 294 results for "yuan"

Index manager, friend charged for insider trading

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
A senior index manager and his friend were charged for insider trading by the Securities and Exchange Commission for reaping over US$900,000 in illegal profits off trades made with prior knowledge of stocks that would be added to or deleted from an ...

Billionaires club rakes in cash amid COVID-19 crisis

ALLY SELBY  |  FRIDAY, 24 APR 2020
... Bezos' ex-wife MacKenzie Bezos also saw her wealth increase (US$8.6 billion), as did Zoom founder and chief executive Eric Yuan (up US$2.6 billion), former Microsoft chief executive Steve Ballmer (up US$2.2 billion), Silicon Valley real estate mogul ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... of the world. In China the PBOC announced targeted required reserve ratio (RRR) cuts that it said will release 550 billion yuan (US$79B) of liquidity. The BOJ announced it would buy ¥200B (US$1.9B) of JGBs with maturities of five to ten years in an ...

China vaccinates against corona

BENJAMIN ONG  |  MONDAY, 24 FEB 2020
... to 4.05% and the five-year rate from 4.8% to 4.75% on February 20. This followed the PBOC's injection of 1.2 trillion yuan (US$174 billion) into the money markets reduction in its one-year medium-term facility rate from 3.25% to 3.15% three days ...

Chief economist update:China prepares anti-viral injection

BENJAMIN ONG  |  MONDAY, 3 FEB 2020
... are equally scary, if not scarier. According to a Caixin report China's coronavirus outbreak cost more than 1 trillion yuan ($217 billion) in losses to the restaurant, tourism and movie industries in seven days of the Lunar New Year holiday, economists ...

Chief economist update: Happy New Year rat

BENJAMIN ONG  |  MONDAY, 20 JAN 2020
... billion) in the system. In September, the National Development and Reform Commission (NDRC) announced more than 1 trillion yuan of infrastructure projects to reverse slowing economic growth. More recently, the People's Bank of China (PBOC) lowered ...

China's growth to slow: PIMCO

ELIZA BAVIN  |  WEDNESDAY, 8 JAN 2020
... flexible exchange rate as an automatic stabilizer in 2019; however, we expect 2020 will bring a stable to moderately stronger yuan to limit pass-through from import prices, another element of the trade deal with the US." In other expectations for the ...

Chief economist update: War is over

BENJAMIN ONG  |  TUESDAY, 17 DEC 2019
... billion) in the system. In September, the National Development and Reform Commission (NDRC) announced more than 1 trillion yuan of infrastructure projects to reverse slowing economic growth. A lasting trade peace would bring about organic growth in China ...

Chief economist update: Chinese green shoots?

BENJAMIN ONG  |  MONDAY, 2 DEC 2019
... billion) in the system. In September, the National Development and Reform Commission (NDRC) announced more than one trillion yuan of infrastructure projects to reverse slowing economic growth. Or is this another one swallow that doesn't a spring ...

The AUD is key

BENJAMIN ONG  |  MONDAY, 18 NOV 2019
... higher tariffs). Not only that, exporters would receive an extra boost from their US dollar - or euro or yen or pound or yuan) earnings when they're translated back into Australian dollars. Wait, there's more! Australian import-competing industries ...