With containers stacking up at Chinese ports, the outlook for exports looks weak, challenging bullish calls from money managers on the economic upturn An index of freight rates for 15 shipping routes ... ( read original story ...)
Analysis-Bank disquiet, Fed keep investors on edge in nervy U.S. stock market
Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 22, 2023. REUTERS/Brendan ... ( read original story ...)
Shanghai reverses course with total lockdowns as covid surges in China
Late on Sunday evening, the Chinese financial hub of Shanghai announced it was going into lockdown, one half at a time, reversing weeks of denying it would impose blanket restrictions on the city’s 25 ... ( read original story ...)
House GOP demands Biden reveal Chinese ties to Silicon Valley Bank
House Republicans are pushing for an investigation of the Chinese Communist Party’s ties to the collapsed Silicon Valley Bank. ( read original story ...)
House Republicans demand Biden answer on Chinese ties to collapsed Silicon Valley Bank
the SPD Silicon Valley Bank (SSVB) was a 50-50 joint venture between the Chinese Communist Party (CCP) state-owned Shanghai Pudong Development Bank and SVB Financial," the letter reads. It continues, ... ( read original story ...)
Central bank conducts reverse repos
The People's Bank of China on Friday conducted 7 billion yuan ($1.02 billion) of seven-day reverse repos at an interest rate of 2 percent. The move is aimed at keeping liquidity reasonable and ample ... ( read original story ...)
Deutsche Bank tumbles as nervous investors seek safer shores
Deutsche Bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo ... ( read original story ...)