July 25, 2022 – Page 4 – The Cheap Investor

Headlines
Reuters

China Plans To Set Up Real Estate Fund Worth Up To $44 Billion -source

The Cheap Investor3 years ago02 mins

By Clare Jim BEIJING/HONG KONG (Reuters) -China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with direct knowledge of the matter. The size of the fund would initially be set…

Asian stocks higher ahead of possible US rate hike

The Cheap Investor3 years ago3 years ago03 mins

BEIJING (AP) — Asian stock markets were mostly higher Tuesday as investors braced for another sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and Seoul advanced. Tokyo edged lower. Oil rose more than $1 per barrel. Wall Street ended up 0.1% on Monday ahead of this week’s Fed meeting…