China’s stocks rose the most in five weeks, the yuan gained and interest-rate swaps fell as lenders’ reserve-ratio requirement was cut for the first time since 2008 and six central banks took action on Europe’s debt crisis. >>> Read...
The Bank of Canada joined the world’s major central banks Wednesday in a serious show of force against the snowballing credit crisis, slashing the cost of borrowing in U.S. dollars for European banks buckling under a mountain of sovereign debt. >>>...
China’s leaders are reversing their two-year effort to cool the economy, seeking to counter slowdowns in manufacturing and property that are dragging growth lower and threatening to spur unrest. >>> Read more
China’s deficit in its services trade widened in the first nine months of the year, Zhou Liujun, head of the Ministry of Commerce’s services trade bureau, said. >>> Read more
Chinese corporate profit growth, slowing on waning export demand from Europe, may be further undermined as a campaign to cool property prices reduces the value of investments. >>> Read more
China is preparing to buy up plum assets in Europe, the commerce minister said on Monday, as the escalating debt crisis leaves countries in the region increasingly vulnerable to the deep pockets of Chinese firms. >>> Read more
