Tag: Xi Jinping
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5 things you need to know before the stock market opens on Friday, March 17
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 16, 2023. Brendan McDermid | Reuters Here are the most important news items investors need to start their trading day: It looks like major stock averages may be moving ahead this week, on pace for a winning week […]
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China revives ruling party control over financial supervision
The ruling Communist Party of China is setting up committees to oversee finance and technology, state media announced Thursday. The changes come as Chinese President Xi Jinping sees unity among the party as essential to building the country. Beijing has yet to announce who will head the new party committees. People pose with the Chinese […]
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Shares in Hong Kong, Australia plummet as Asia continues sell-off on Wall Street; Bank of Japan holds rates
An hour ago Bank of Japan will leave policy unchanged as expected The Bank of Japan left its monetary policy unchanged, broadly in line with expectations. The central bank kept its negative rate at -0.1% and reiterated its target to keep the yield on the 10-year Japanese government bond around 0%. “The Japanese economy, despite […]