PBOC

As it happened: China’s ‘two sessions’ 2024 – Beijing defends realistic GDP goal, vows to crack down on financial market irregularities

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As it happened: China’s ‘two sessions’ 2024 – Beijing defends realistic GDP goal, vows to crack down on financial market irregularities

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale. China’s finance and commerce ministers, as well as the heads of the People’s Bank of China, National Development and Reform Commission and China Securities Regulatory Commission, met the press … Read more

Analysis: Time for central bank digital currencies to prove their worth

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Analysis: Time for central bank digital currencies to prove their worth

LONDON, Oct 22 (Reuters) – A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove its worth. A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype yuan with 200 … Read more

6 things that changed for market overnight: Gift Nifty, US Fed meet to global market cues for Sensex today

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6 things that changed for market overnight: Gift Nifty, US Fed meet to global market cues for Sensex today

The Indian stock market indices, Sensex and Nifty are expected to open lower on Wednesday tracking weakness in global peers. Asian markets traded lower, while the US stock market indices ended in the red overnight. Indian markets were shut for a holiday on Tuesday. The domestic benchmark equity indices ended lower on Monday amid weak … Read more

Column: Powell’s steady hand steers dollar higher: McGeever

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Column: Powell’s steady hand steers dollar higher: McGeever

ORLANDO, Florida, Aug 25 (Reuters) – Federal Reserve Chair Jerome Powell’s speech in Jackson Hole is likely to maintain the ‘higher for longer’ outlook for U.S. interest rates and bond yields – good news for dollar bulls, especially given the contrasting picture elsewhere in the world. While the U.S. economy appears to be humming along … Read more

Dollar set for fifth winning week on Fed bets, PBOC supports yuan

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Dollar set for fifth winning week on Fed bets, PBOC supports yuan

TOKYO, Aug 18 (Reuters) – The dollar headed for a fifth winning week versus major peers, the longest streak for 15 months, as a resilient U.S. economy argued for high rates for longer while China’s floundering recovery spurred demand for the safety of the U.S. currency. On Friday, however, the dollar trimmed some of those … Read more