China cenbank conducts medium-term loan operation, leaves rate unchanged
SHANGHAI (Reuters) – China’s central bank conducted a medium-term loan operation on Wednesday while keeping the interest rate unchanged. The People’s Bank of China (PBOC) issued 300 billion yuan ($41.10 billion) worth of one-year medium-term lending facility (MLF) loans to…
BOJ’s Ueda expects further progress in hitting price target next year
By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank expects the economy to move closer to sustainably achieving its 2% inflation target next year, suggesting the timing of its next interest…
Chinese tricksters take cue from Squid Game to prey on the indebted
By Ryan Woo, Ethan Wang and yukun zhang BEIJING (Reuters) – In China’s take on Squid Game, fraudsters are preying on the financially distressed in a slumping economy with promises of prize money, debt restructuring and other schemes that are…
Russia stocks lower at close of trade; MOEX Russia Index down 0.43%
Investing.com – Russia stocks were lower after the close on Tuesday, as losses in the Mining, Telecoms and Oil & Gas sectors led shares lower. At the close in Moscow, the MOEX Russia Index lost 0.43%. The best performers of…
Japan’s comedian-turned-investor launches fund with ex-Goldman ‘stock geek’
By Mariko Katsumura TOKYO (Reuters) – On the face of it, the duo hardly seem fit to inspire confidence as the brains behind Japan’s newest stock fund: one, a former comedian and the other, every bit the stereotypical “otaku” geek….
Nippon Steel’s US Steel takeover plan has support in steelmaking areas, executive says
TOKYO (Reuters) – Japan’s Nippon Steel is seeing support for its proposal to acquire U.S. Steel in the regions of the United States where steel mills are located, Nippon Steel’s President Tadashi Imai told reporters on Wednesday. On Monday, a…