Shares in Chinese banks rose sharply on Monday after more lenders reduced interest rates on deposits, in a move that would boost margins and assist with Beijing's broader economic goals of increasing spending and credit demand. China Citic Bank and Bank of China surged by the 10 per cent daily trade...
Move over Tesla: both Ford and GM are also trying to take a page out of the 'price cut' playbook that the EV manufacturer has been (successfully) running in China over the last couple months. The move is coming after lifting pandemic controls failed to spur significant demand in China, the Wall Str...
The US Trade Balance stunned onlookers this morning as the goods trade deficit narrowed in November to its smallest in two years after imports collapsed. The $83.3 billion deficit was massively 'better' than the $96.3 billion gap expected... This is the biggest decrease in the deficit since 2009. Th...