The People’s Bank of China offered 200 billion yuan ($29 billion) of one-year medium-term loans on Monday. The rate was lowered by 10 basis points to 3.15%, the lowest since 2017. The central bank also added 100 billion yuan of funds via 7-day reverse repurchase agreements, resulting in a net 700 billion yuan withdrawal of money from markets as some 1 trillion yuan of reverse repos matured on Monday.
One of the most gloomy outlooks to date for the real, it assumes renewed selling pressure will knock away any support the currency gets from the central bank’s intervention in the swaps market this week.
Parent company Port and Free Zone World, a wholly-owned subsidiary of state investment vehicle Dubai World, is to acquire the 19.55% of DP World’s shares listed on the Nasdaq Dubai.
NEW YORK/BEIJING (Reuters) – General Motors Co (N:GM) is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021.
In a beige reception hall in a Des Moines suburb, over paper plates piled with the remains of a Monday morning continental breakfast, Sen. Bernie Sanders urged a packed house of Iowans to manifest their dreams. Imagine an America where cancer only kills you, rather than also rifling through your wallet. Visualize a future where no American child has to pay off her grandmother’s student loans. Cynicism is high and more than a quarter of us believe the American Dream is unattainable, but Sanders’s stump speech offered hope. “Everything is impossible until it’s not,” he said. The crowd went wild.
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The far-right Alternative for Germany representative was railing about negative interest rates — and while enduring bluster is par for the course for ECB presidents, the Feb. 6 encounter in the European Parliament also illustrated how politically charged that stimulus tool has become.
On Tuesday, as expected, Sen. Bernie Sanders won the New Hampshire primary, cementing his position as the Democratic front-runner for president. With 97 percent of the expected vote counted,1 Sanders had 26 percent of the vote, while former South Bend, Indiana, Mayor Pete Buttigieg had 24 percent. The big surprise of the night was Sen. Amy Klobuchar, who finished third with 20 percent. After those three, there was a big drop-off: Sen. Elizabeth Warren finished fourth with 9 percent, and former Vice President Joe Biden ended up fifth with 8 percent.
The S&P BSE Sensex Index was little changed at 41,270.37 as of 9:43 a.m. in Mumbai after rising as much as 0.4% and falling as much as 0.3%. The NSE Nifty 50 Index was also flat after swinging between the same range.