Tag: yuan
Alibaba to Sell Intime Department Store Chain for $1.3 Billion Loss Amid Restructuring Efforts
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Alibaba Group announced on Tuesday that it will sell its Chinese department store unit, Intime, at a loss of $1.3 billion as part of...
Bearish Bets on Asian Currencies Rise Amid US Tariff Concerns
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Bearish sentiment surrounding Asian currencies has intensified, with short positions on the South Korean won and the Indian rupee reaching their highest levels in...
Bonds Rise and Dollar Weakens Following Bessent Appointment
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SINGAPORE – Financial markets reacted positively to President-elect Donald Trump's selection of Scott Bessent as U.S. Treasury Secretary, with bond prices rising and the...
Trump Victory Sends USD, Bitcoin, U.S. Stock Futures, and Treasury Notes to Record Highs
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NEW YORK – Global markets surged following the announcement that Donald Trump would be declared the 47th President of the United States, sending the...
Hong Kong Stocks Jump More Than 3% in Afternoon Trading
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Hong Kong stocks experienced a significant rally on Friday, surging over 3% as traders responded positively to new measures from China aimed at stimulating...
China Plans to Use $325 Billion in Special Bond Funds to Stimulate Economy
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In a recent briefing in Beijing, China's Finance Minister Lan Fo'an announced that the country has 2.3 trillion yuan (approximately $325 billion) in special...
Markets Steady as Traders Await US Earnings Season: Market Wrap
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Overview European stocks and US futures remained largely unchanged as traders digested higher-than-expected inflation figures from the US and prepared for the upcoming earnings...
What Weakens the Dollar?
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The U.S. dollar (USD) is one of the most widely used currencies in the world, serving as the primary reserve currency and playing a...
Stocks Rally as China Announces Fiscal Aid: Market Update
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European stocks and U.S. equity futures experienced a notable rally on Thursday, buoyed by gains in Asia following China’s commitment to fiscal stimulus and...
Equities and Commodities Surge Following China’s Stimulus Announcement
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Global financial markets reacted positively on Tuesday as a widely tracked stock index reached a record high and copper prices climbed to their highest...
China Introduces Stock Stabilization Fund and Liquidity Support of $113 Billion
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China is contemplating a stock stabilization fund while injecting at least 800 billion yuan (approximately $113 billion) into its struggling equity market. This initiative...
Hong Kong Stocks Surge on China’s Stimulus Announcement
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Hong Kong stocks saw their largest leap in 18 months following China's announcement of a substantial stimulus package, which includes 800 billion yuan (US$113.7...