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BI, PBOC extend bilateral currency swap agreement for five years
07 Feb 2025 11:49 GMT
Banda Aceh, Aceh (ANTARA) - Bank Indonesia (BI) and the People's Bank of China (PBOC) have agreed to renew their bilateral currency swap arrangement (BCSA) for another five years.
The agreement was signed by BI Governor Perry Warjiyo and PBOC Governor …
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China, Indonesia renew currency swap agreement
07 Feb 2025 09:53 GMT
BEIJING, Feb. 7 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, has renewed a bilateral currency swap agreement with the Bank Indonesia.
The total value of the agreement is 400 billion yuan (about 55.79 billion U.S. …
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Why a Chinese Gold Mania May Be Starting
06 Feb 2025 17:00 GMT
The current gold bull market began in the spring of 2024, fueled in large part by aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE), while Western investors remained largely on the sidelines. In just six weeks between March and …
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Stocks rise, Treasury yields under pressure
06 Feb 2025 09:56 GMT
SINGAPORE/NEW YORK - Global shares rose on Thursday in a modest relief rally as fears of an escalating trade war between the U.S. and its major trading partners ebbed, while U.S. Treasury yields came under pressure as traders pondered the country's …
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Global shares push higher, Treasury yields under pressure
06 Feb 2025 09:03 GMT
SINGAPORE/NEW YORK: Global shares rose on Thursday in a slight relief rally as fears of an escalating trade war between the U.S. and its major trading partners ebbed, while U.S. Treasury yields came under pressure as traders pondered the country's …
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Asian Shares Mixed As Tariff Worries Persist
05 Feb 2025 10:45 GMT
Asian shares ended mixed on Wednesday as tariff worries persisted, and a private survey showed China's services activity expanded at a slower pace in January.
Disappointing earnings updates from Google parent Alphabet and AMD also kept investors on …
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Weaker dollar, dip in US yields of no help to rupee
05 Feb 2025 07:20 GMT
The dollar index slipped below the 108 handle after rallying to near 110 on worries over U.S. tariffs on its trading partners. The Indian rupee is likely to decline at open on Wednesday weighed by the currency's weakness in the non-deliverable forward …
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Yuan slips on trade-war anxiety; yen jumps
05 Feb 2025 07:20 GMT
The yuan sank as a new trade war with the US shook Chinese markets returning from an extended Lunar New Year break, while the yen jumped on rising bets of more Bank of Japan (BOJ) rate hikes this year.
The dollar rose more than 0.5 per cent against the …
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Analysts see slower growth for 2025 gold market
05 Feb 2025 05:27 GMT
A potential buyer tries on gold jewelry at a store in Lianyungang, Jiangsu province, on Sunday. GENG YUHE/FOR CHINA DAILY
China's domestic gold production in 2024 exceeded 377.24 metric tons, up by 2.087 tons from 2023, reflecting a year-on-year …
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Trump tariffs could create a new challenge for Chinese policymakers: A growth rate below 5%
03 Feb 2025 17:39 GMT
Jakub Porzycki | Nurphoto | Getty Images
The imminent U.S. tariffs are likely to deal a significant blow to China's already-faltering economy, reinforcing calls for more forceful stimulus measures to bolster the country's growth.
U.S. President …