Official China factory PMI slows more than expected in July
31st Jul 2021 18:54
(Sharecast News) - Activity in China's factory sector slowed more than expected in July amid higher weaker demand overseas, equipment maintenance and higher input costs, the results of a closely-followed survey revealed.
Read moreNo breakthrough at latest US-China talks
26th Jul 2021 14:24
(Sharecast News) - Talks between top Chinese and US diplomats on Sunday and Monday reportedly ended in stalemate as China refused to budge on multiple foreign policy issues.
Read moreChinese crackdown on US-listed stocks signals start of 'Cold War', Roach says
26th Jul 2021 12:23
(Sharecast News) - Beijing's moves against US-listed Chinese firms may be signalling the start of a 'cold war' between the two countries, a well-considered expert said.
Read moreBarclays on outlook for Treasury yields
22nd Jul 2021 14:44
(Sharecast News) - Economists at Barclays Research think longer-term US Treasury note yields will head back higher in the back half of 2021, although they also thought that financial markets were right in judging inflationary risks to be 'transitory'.
Read moreBoE removes restrictions on bank dividends
13th Jul 2021 07:26
(Sharecast News) - The Bank of England has removed restrictions on bank dividend payouts introduced in the wake of the Covid-19 pandemic as the sector remains "well-capitalised" and "resilient".
Read moreSunday newspaper round-up: Smiths Group, Virgin Galactic, Sainsbury
11th Jul 2021 18:09
(Sharecast News) - One of Britain's biggest engineering firms is on the cusp of a major break-up after receiving a £2billion takeover approach for its medical division from a US private equity predator. City sources said FTSE 100-listed engineering giant Smiths Group has been holding talks with Boston-based TA Associates. Bankers from Goldman Sachs are said to be working on the deal. - Financial Mail on Sunday
Read moreChinese 'narrow' money supply growth slowed further in June
9th Jul 2021 11:50
(Sharecast News) - Chinese money supply growth slowed more sharply than expected last month, but some economists warned against reading too much into the latest figures.
Read morePBoC cuts lenders' reserve requirement ratio
9th Jul 2021 11:21
(Sharecast News) - The People's Bank of China lowered the amount of reserves that the country's lenders need to keep on hand as reserves in a bid to keep financial conditions from tightening.
Read moreFed avoids providing timeline for start of 'tapering', FOMC minutes show
8th Jul 2021 01:07
(Sharecast News) - US central bankers began a discussion on when to start restricting their extraordinary policy support when they last met, the minutes of their gathering revealed.
Read moreDidi shares fall over 25% in response to Chinese crackdown
6th Jul 2021 11:48
(Sharecast News) - Didi Global shares fell over 25% in US pre-market trade on Tuesday, ahead of its first trading session since Chinese regulators ordered the company's app be taken down in that country.
Read moreTech giants threaten to leave Hong Kong over privacy law
6th Jul 2021 09:39
(Sharecast News) - Tech giants including Google, Facebook and Twitter have warned through an Asian industry group on Tuesday that they could cut their services in Hong Kong if Beijing goes ahead with its plans to impose new privacy laws.
Read moreSunak says banks should not pay much more tax
1st Jul 2021 12:19
(Sharecast News) - The chancellor indicated on Thursday he would scrap or reduce the bank surcharge to ensure banks do not pay much more when corporation tax rises.
Read moreBoE's Haldane warns inflation headed towards 4 per cent
30th Jun 2021 13:43
(Sharecast News) - Andrew Haldane warned in his last speech as the Bank of England's chief economist that policymakers risked losing control of inflation.
Read moreUS Commerce Department rescinds banned transactions with TikTok, WeChat
22nd Jun 2021 10:40
(Sharecast News) - The US Commerce Department said late on Monday it was rescinding a list of prohibited transactions with TikTok and WeChat that were issued during the Trump administration in September.
Read moreHSBC to take $2.3bn hit as it agrees sale of French retail bank
18th Jun 2021 16:02
(Sharecast News) - HSBC said on Friday that it has agreed to sell its French retail bank to My Money Group in a deal that will lead to a pre-tax loss of around $2.3bn.
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