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BEIJING/HONG KONG (Reuters): Chinese private equity fund CMC Capital Group said it raised over US$950 million in its biggest private equity fund to date, bolstering its ability to cut deals in the world’s second-largest economy.
SHANGHAI: China’s economy is likely to pick up quickly after the coronavirus is contained and stage a “V-shaped” recovery, according to a senior official with the nation’s central bank.
SHANGHAI: China’s economy is likely to pick up quickly after the coronavirus is contained and stage a "V-shaped” recovery, according to a senior official with the nation’s central bank.
BEIJING: China has confirmed a sharp decrease in new deaths and cases of the coronavirus on Saturday (Feb 22) but a doubling of infections in South Korea and 10 new cases in Iran added to unease about its rapid spread and global reach.
BEIJING: China’s top leaders said they will exercise more flexibility in monetary and fiscal policy, signaling a greater focus on reviving an economy pummeled by the virus outbreak. Fiscal policy will be more proactive, while construction projects will be accelerated.
SHANGHAI/BEIJING: China's central bank will take further steps to support the virus-hit economy, including releasing more liquidity and lowering funding costs for firms, a vice governor of the bank told state media.
JAKARTA (The Jakarta/ANN): A subsidiary of publicly-listed tobacco company Gudang Garam will start the development of Kediri Airport in East Java in April, with a target to finish first-phase construction by April 2022.
PHNOM PENH: Words of appreciation and admiration have poured in for Cambodia on Saturday (Feb 15) after it allowed the Westerdam cruise ship, which had been stranded at sea for days over Covid-19 (coronavirus) fears, to dock at its sea port of Sihanoukville. The ship, carrying 1,455 passengers and a crew of 802, had been denied entry to port by Thailand, Japan, China's Taiwan, Guam and the Philippines due to concerns over the virus.
SHANGHAI: The Covid-19 (coronavirus) epidemic has restricted millions of Chinese people to their homes and towns, and now old bank notes are being quarantined. The government cut off the transfer and allocation of old bank notes across provinces, and between cities most affected by the outbreak.
BEIJING: Some of the world’s major bond funds are rekindling their love for Chinese government debt, as an unexpected rally in recent weeks took the 10-year yield to the lowest level since late 2016.