World Business

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China’s yuan hits 18-month low against the dollar as Beijing’s Covid lockdowns drag economy and US bond yields climb

The yuan’s onshore price slipped to 6.7321 against the dollar, the worst exchange rate since November 2020, continuing a sell-off that saw the the Chinese currency tumble 4% in April. China’s yuan hits 18-month low against the dollar as Beijing’s Covid lockdowns drag economy and US bond yields climb Read

China silences prominent market analyst as economic slump deepens

Over the weekend, Tencent’s (TCEHY) WeChat froze the public account of Hong Hao, managing director and head of research at BOCOM International, the investment banking arm of Bank of Communications, a state-owned bank and China’s fifth largest. China silences prominent market analyst as economic slump deepens By Laura He, CNN BusinessUpdated 11:41 AM

China’s lockdowns could drive more U.S. policy action, says Fed’s Kashkari

If lockdowns in China aimed at containing COVID-19 cause further disruptions to global supply chains, the Federal Reserve will need to take even more aggressive action to bring down “much too high” inflation, Minneapolis Fed President Neel Kashkari said on Tuesday. China’s lockdowns could drive more U.S. policy action, says

‘It’s probably worse than Wuhan’: Experts warn China’s COVID-19 lockdowns will once again cripple global supply chains

At least 373 million people—in cities that represent roughly 40% of China’s gross domestic product—have been affected by the most recent wave of lockdowns across China, Reuters reported last week ‘It’s probably worse than Wuhan’: Experts warn China’s COVID-19 lockdowns will once again cripple global supply chains Will DanielTue, April 19, 2022,

Global Investors Flee China Fearing That Risks Eclipse Rewards

The central question is what could happen in a country willing to go to great lengths to achieve its leader’s goals. President Xi Jinping’s friendship with Russian leader Vladimir Putin has made investors more distrustful of China, while a strongman narrative is gaining momentum as the Communist Party doggedly pursues

China’s Covid Outbreak Worsens as Shanghai Cases Top 26,000

China’s largest Covid-19 outbreak in two years continues to spread despite an extended lockdown of Shanghai’s 25 million people, with the restrictions weighing on a fragile economy and straining global supply chains. China’s Covid Outbreak Worsens as Shanghai Cases Top 26,000 Read the original article China’s Covid Outbreak Worsens as

Louisiana crawfish farmers hurt by China’s ‘dumping’ could receive $10.6 million

Cassidy, a Republican, joined Democrat Jon Tester of Montana, and Republicans Chuck Grassley of Iowa and John Thune of South Dakota in authoring the China Trade Cheating Restitution Act, which was filed Thursday. The bill would have U.S. Customs and Border Protection pay $38.5 million from interest on anti-dumping duties

Tai: U.S. must ramp up trade defense against China

“Our strategy must expand beyond only pressing China for change and include vigorously defending our values and economic interests from the negative impacts of the PRC’s unfair economic policies and practices,” Tai will say, per prepared remarks. Tai: U.S. must ramp up trade defense against China Read the original article

India plans Sri Lanka power project after China’s is shelved

India’s External Affairs Minister Subrahmanyam Jaishankar, who was visiting Colombo, witnessed the signing along with Sri Lankan Foreign Minister Gamini Peiris, the Indian embassy said. India plans Sri Lanka power project after China’s is shelved Read the original article 1 / 6 Sri Lanka BIMSTEC Foreign Ministers of the Bay of

Russian banks in Europe face collapse, ECB says

Russian banks in Europe face collapse, ECB says Read the original article The European arm of Sberbank, Russia’s biggest lender, faces failure, the European Central Bank warned, after a run on its deposits sparked by the backlash from Russia’s invasion of Ukraine. #Ukrainecrisis #Ukraine #Russia #Sberbank#News #Reuters Subscribe: http://smarturl.it/reuterssubscribe Reuters

Japanese Capacitor Manufacturing giant Murata shifts out of China

Japanese Capacitor Manufacturing giant Murata shifts out of China Japanese Capacitor Manufacturing giant Murata shifts out of China Read the original article  by Akshay Narang January 11, 2022in Indo-PacificReading Time: 3 mins read 30VIEWSShare on FacebookShare on Twitter  Japan wants to demolish China’s hegemony in the global electronics market. Recently, Tokyo invited semiconductor manufacturers from

China growth seen slowing to 5.2% in 2022, modest policy easing expected

China growth seen slowing to 5.2% in 2022, modest policy easing expected China growth seen slowing to 5.2% in 2022, modest policy easing expected Read the original article FILE PHOTO: Cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong

India Offers Potential ‘Gold’ for U.S. Leagues Amid China Tumult

India Offers Potential ‘Gold’ for U.S. Leagues Amid China Tumult India Offers Potential ‘Gold’ for U.S. Leagues Amid China Tumult Read the original article JohnWallStreetWed, January 5, 2022, 5:55 AM·6 min read   In recent weeks, the Women’s Tennis Association decided to suspend future events in China as a response to the

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