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With a shift in tone and language, China's central bank governor has dangled the prospect of speeding up currency reform and giving markets more room to set the yuan's exchange rate as he underlines broader plans for sweeping economic change.
HONG KONG: JPMorgan Chase & Co has withdrawn from a syndicate of banks working on a US$2 billion Hong Kong listing by China Everbright Bank Co, a person familiar with the matter told Reuters.
KUALA LUMPUR: Malaysia’s stocks market bucked most of the key regional markets to close at a two-week high of 1,807.16 on Tuesday, supported by strong fund buying of plantations especially KL Kepong and FGV.
Foreign investment into China rose 5.77% on year in the first 10 months of 2013, the government said Tuesday.
LONDON: World shares hit a near six-year high on Monday, boosted by signs of ambitious economic reform in China and the prospect of extended stimulus in the United States.