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Business 15 May 2019 | 1:43 AM Premium

China central bank skips OMO as first phase of RRR cuts come into effect

SHANGHAI: China's central bank said it will skip open market operations on Wednesday as liquidity levels in the banking system were "reasonable and ample".

Business 10 Oct 2015 | 12:00 AM Premium

Stop loss, take profit – ringgit’s dramatic U-turn

TWO notable events roiled global currency markets in 2015. The first was the Swiss National Bank’s scrapping of the peg on the Swiss francs to euro in January.

World 12 Mar 2014 | 8:40 AM Premium

Special Report - How China's official bank card is used to smuggle money

MACAU (Reuters) - Growing numbers of Chinese are using the country's state-backed bankcards to illegally spirit billions of dollars abroad, a Reuters examination has found.

Business 13 Jul 2013 | 12:00 AM Premium

China slowdown: A cause for Concern?

REVIEW just about any recent economic-social indicator coming out of China. It points to a clear slowing-down of activity, reflecting poor exports and sluggish business performance, and increasing signs that credit-driven growth has run its course. China and Asean-5 (Indonesia, Malaysia, Thailand, the Philippines and Vietnam) have been providing the much needed lift to the slackening global economy as US recovery stays stuck in the mud, with eurozone still mired in recession. I sense China’s growth in Q2’13 to be around 7.5%, its slowest pace since Q3’12, as weak demand dented manufacturing output in the face of excess capacity and weak margins, as well as slowing investment outlays.