China announces policies to boost financial leasing

Last Updated: Monday, September 7, 2015, 20:43

The Chinese government on Monday rolled out measures on financial leasing following a top-level meeting chaired by Chinese Premier Li Keqiang in August that resulted in the decision to boost the sector to help cash-strapped firms.

Rupee must fall more to save exports, prevent China dumping: SBI

Last Updated: Monday, September 7, 2015, 20:42

As the rupee touched a new 2-year low, State Bank chairperson Arundhati Bhattacharya today said it must fall further to help domestic exporters.

China forex reserves decline on currency efforts: Bloomberg

Last Updated: Monday, September 7, 2015, 17:25

China's foreign exchange reserves fell by a record USD 93.9 billion last month, reports said, as Beijing sold dollars to support its own currency following jitters over a sudden devaluation.

China FX reserves fall record $93.9 bn in Aug as central bank supports yuan

Last Updated: Monday, September 7, 2015, 15:09

A large portion of China`s reserves are held in U.S. Treasuries. Last week, traders suspected China of selling Treasuries.

China policymakers try to calm investors as stocks resume trading

Last Updated: Monday, September 7, 2015, 11:06

Looking to draw a line under wild gyrations in Chinese equity markets, which have fallen 40 percent since mid-June, China`s securities regulator said it would take more steps to ensure stable markets, while government officials said the worst of the volatility was over.

Yuan weakens despite firmer midpoint, less intervention seen

Last Updated: Monday, September 7, 2015, 09:52

"Dollar sales by state-owned banks on behalf of the central bank eased today," said a dealer at a European bank in Shanghai.

Asian stocks sag as China stocks wobble after trading resumes

Last Updated: Monday, September 7, 2015, 09:03

The index had already dropped earlier in the session following Friday`s Wall Street slide, triggered after the August U.S. jobs report failed to give a clear view on the Federal Reserve`s interest rate hike.

China cuts 2014 GDP growth from 7.4% to 7.3%: Govt

Last Updated: Monday, September 7, 2015, 08:13

The National Bureau of Statistics said on its website it lowered the figure from the 7.4 percent announced in January after a "preliminary confirmation".

China emphasizes stability at G20, fiscal spending quickens

Last Updated: Sunday, September 6, 2015, 09:56

China is headed for its slowest economic expansion in 25 years in 2015 and mainland markets have slumped 40 percent since mid-June, sending global financial markets skittering.

G20 seeks to lift market mood despite China alarm

Last Updated: Saturday, September 5, 2015, 14:49

Ministers and central bank chiefs from the world`s top 20 economies sought Saturday to bolster market confidence in the global economy, despite mounting alarm about the fallout from China`s slowdown.

US asks China to fast-track reforms, refrain from devaluation

Last Updated: Saturday, September 5, 2015, 12:53

As the world leaders expressed concern here over slowdown in China dragging down the global economic growth, the US Treasury Secretary Jacob Lew has told his Chinese counterpart to ensure that the currency is allowed to move freely as per market forces.

US tells China at G20 to avoid 'competitive devaluation'

Last Updated: Friday, September 4, 2015, 23:53

US Treasury Secretary Jacob Lew on Friday told his Chinese counterpart at a G20 meeting in Ankara to avoid competitive devaluation and improve communication of Beijing`s economic policy.