China registered mild inflation in October, with the consumer price index growing by 2.1 percent from a year earlier and 0.1 percent from the previous month, a declining growth rate both on a year-on-year and month-on-month basis. Even China’s macroeconomic operation remains undisturbed by global...
https://www.hellenicshippingnews.com/mild-inflation-goes-to-show-resilience-of-chinas-economy/
U.S. Treasury Secretary Janet Yellen told Reuters on Friday that it was good to see the latest U.S. inflation data that suggests upward pressures are easing, but added that it was unclear if inflation has a reached a turning point to continue moving lower. “I don’t know if this is a turning point,”...
Bank of England Governor Andrew Bailey said on Friday that efforts to bring inflation under control were likely to take between 18 months and two years, adding that inflation was “way above where we (want) it to be”. “Inflation is bad for the least well-off generally and this inflation is...
Talks at the COP27 climate summit about how to compensate developing countries for the damage caused by climate change are not yet ready to decide on a new funding mechanism, a European Union negotiator said on Friday. The topic, known as “loss and damage”, made it to the agenda for the conference...
Alibaba (NYSE:BABA) Group Holding and other Chinese e-commerce firms holding Singles Day shopping events together logged a 4.7% decline in sales for the first 12 hours of the final day, a research firm said. The estimate from consultancy Syntun was in line with subdued expectations for this year’s...
The fourth quarter is usually a quiet time for loans and credits, but this set of data for October is just too soft. Overall credit growth was only CNY907.9 billion in October, lower than the previous month’s CNY3530 billion, and less than CNY1617.6 billion a year ago. Among all credit growth, yuan...
https://www.hellenicshippingnews.com/chinese-loans-grew-less-than-expected-in-october/
Chinese authorities should take a more targeted approach to tackle COVID outbreaks and rectify any extra “layers” of measures, the state-run Xinhua news agency reported on Thursday, as cities reeled under tighter curbs as cases spread. China is grappling with its highest tallies of coronavirus...
Chinese regulators have urged money market fund managers to improve investor structure and ensure adequate holdings of liquid assets, three sources told Reuters, as authorities seeks to head off liquidity risks in the $1.4 trillion sector. Securities regulators have recently asked fund managers to...
Investors that were previously put off by negative interest rates in Europe in recent years are starting to return to market, funding officials for the European Investment Bank and European Commission said on Thursday. “It’s true that the number of central banks who could not buy negative rates...
A gauge of British factories’ inflation expectations for the coming months fell in October to its lowest level in more than a year, a sign that some price pressures are abating, an industry survey showed on Tuesday. The Confederation of British Industry said its monthly net balance of manufacturers...