China’s sliding yuan could be next ‘black swan event’ for markets, hedge fund EDL says
By Nell Mackenzie LONDON (Reuters – Hedge fund EDL Capital is betting on further falls for China’s offshore currency and…
2023
China cenbank says it will keep policy ‘precise, forceful’ to aid recovery
BEIJING (Reuters) – China’s central bank said on Thursday it would keep liquidity reasonably ample and keep its policy “precise…
Troops guard Pakistani Christians after mob torches churches
By Mubasher Bukhari and Asif Shahzad LAHORE, Pakistan (Reuters) -Paramilitary troops have cordoned off a Christian settlement in eastern Pakistan…
Factbox-Five facts about China asset manager whose troubles fanned spillover fears
BEIJING/SHANGHAI (Reuters) – A liquidity crisis at one of China’s top asset managers Zhongzhi Enterprise Group has fuelled worries that…
Chinese banks should keep a ‘proper level’ of profit margins -central bank
BEIJING (Reuters) – Chinese commercial banks need to maintain a proper level of profit and net interest margins to ensure…
Nigerian court adjourns suspended central bank governor’s fraud hearing
ABUJA (Reuters) – A Nigerian court in the capital Abuja adjourned a hearing on Thursday for suspended central bank governor…
Lenovo Q1 revenue misses forecasts, hit by poor PC demand
By Josh Ye HONG KONG (Reuters) -China’s Lenovo Group on Thursday posted a worse-than-expected 24% fall in revenue for the…
New York City bans TikTok on government-owned devices over security concerns
By Kanishka Singh WASHINGTON (Reuters) – New York City on Wednesday banned TikTok on government-owned devices, citing security concerns, joining…
Games group Embracer’s share rally as maintains outlook
By Jesus Calero and Marie Mannes STOCKHOLM (Reuters) -Swedish games developer Embracer on Thursday reported slightly weaker than expected operating…
Bankruptcies in the EU highest since 2015, Eurostat says
(Reuters) – Bankruptcy declarations in the European Union reached the highest level since 2015 in the second quarter of this…