CDT Money: Game On
Under a cloud cover of speculation about a potential fiscal stimulus package, China’s central bank announced a 25 basis point cut to lending and deposit rates on Thursday, its first interest rate cut since late 2008 and...
Fuel Prices
CDT Money: Waiting For The Bottom
The People’s Bank of China announced a 50 bps cut in the reserve requirement ratio (RRR) for commercial lenders on Saturday as it stepped up efforts to boost growth amid signs of a weakening economy. The second such cut...
CDT Money: Uneasy Status Quo?
In a week dominated by the political drama surrounding the dismissal of embattled Chongqing party secretary Bo Xilai, speculation continued over possible monetary easing despite mixed messages from officials as they seek to...
China Cosco Has Wider-Than-Estimated $432 Million Loss on Shipping Slump
Bloomberg reports that China Cosco Holdings Co., the largest Chinese shipping company, posted higher than expected losses due to decreasing cargo rates and higher fuel costs: The company’s commodity-carrying and container-ship...
Asia Seeks Resources Bargains As Prices Slump
Miyoung Kim and Joseph Chaney report in Reuters, via forexpros.com: A collapse in commodity prices due to the global financial turmoil is a blessing for Asia, whose huge appetite for natural resources has prompted cash-rich...
Don’t Fear China Inflation After Fuel Price Rise
With the World Bank raising its China inflation projections at roughly the same time Beijing decided to raise oil rates, Reuters’ analysts step out quickly to quash the inevitable pricing panic: The unpleasant news for...
China Slashes Domestic Fuel Prices Amid Dip in Global Oil Costs – AP
From AP: China has cut the price of domestic gasoline by about 4 percent and jet fuel by around 2 percent in response to a decline in world. China’s main planning agency, the State Development and Reform Commission(ÂõΩÂÆ∂ÂèëÊîπÂßîÔºâ, said in a statement on its Web site Sunday that the price cuts were effective immediately… However […]
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