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TOKYO: Asian shares edged higher to reverse a four-day losing streak on Wednesday as investors took comfort from firm U.S. data underscoring an American recovery, and assurances from China's central bank to provide funds to institutions if needed.
Senior official says economy will not be flooded with excessive liquidity
SINGAPORE: Most Asian currencies were weaker on Monday, with the yuan among the top decliners after the central bank cut the minimum cash reserve banks must hold, a move to support the economy in China's bitter trade disputes with the United States.
BEIJING: China expanded efforts to steady the currency markets, with the central bank adding verbal support to the exchange rate after a week that saw it slip past a key level against the US dollar.
BEIJING: China’s central bank has shifted its tone on the economy and started re-emphasizing it will control excessive money supply, amid signs of a recovery.
SHANGHAI: China’s benchmark 10-year treasury futures closed at their highest level in more than two months, as a big cash injection by the central bank offset another increase in its short-term interest rates.
BEIJING: China appointed Yin Yong, a Harvard-educated official, as a vice-governor of the People’s Bank of China (PBoC), replacing Guo Qingping.
BEIJING: The People’s Bank of China will raise borrowing costs in the open market if the U.S. Federal Reserve decides to increase rates this week, according to a Bloomberg survey.