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Top related persons:
Gold - 1 Jackson - 1 Ole Hansen - 1 Saxo - 1 Jerome Powell's - 1 Kelvin Wong - 1
Top related locs:
Renhuai Southwest China's Guizhou province U.S Jackson Asia Pacific
Top related orgs:
Federal - 1 Treasury - 1 U.S . Federal Reserve - 1 Trust - 1

Search resuls for: "Southwest China's Guizhou province"


2 mentions found


☆ Gold loiters near 5-month low as traders hunt for more Fed cues
  + stars: | 2023-08-21 | by ( ) www.cnbc.com   time to read: +2 min
A staff member selects a gold bracelet for a customer at a gold shop in Renhuai, Southwest China's Guizhou province, May 11, 2023. Gold held around five-month lows on Monday, pressured by higher bond yields as markets geared up for the Federal Reserve's Jackson Hole symposium for clues on where interest rates might settle. Spot gold was largely flat at $1,887.70 per ounce, while U.S. gold futures added 0.1% to $1,917.70. Gold grazed its lowest since mid-March at $1,883.70 last week, as buoyant economic data raised bets for higher-for-longer U.S. interest rates, reducing demand for the non-yielding commodity. Investors now look to Fed Chair Jerome Powell's speech on Friday, as central bankers from around the world assemble in Jackson Hole for their annual conference.
Persons: Gold, Jackson, Ole Hansen, Saxo, Jerome Powell's, Kelvin Wong Organizations: Federal, Treasury, U.S . Federal Reserve, Trust Locations: Renhuai, Southwest China's Guizhou province, U.S, Jackson, Asia Pacific
☆ China may have to bail out one of its poorest provinces
  + stars: | 2023-04-27 | by ( Laura He | ) edition.cnn.com   time to read: +9 min
Hong Kong CNN —One of China’s poorest and most indebted provinces has admitted defeat in trying to sort out its finances and is appealing to Beijing for help to avert default. Guizhou, located in a mountainous region of southwest China, has hired a top state-owned distressed debt fund, China Cinda Asset Management, to resolve its “urgent” problems. China’s local governments are struggling with trillions of dollars of debt, after three years of strict pandemic controls and a real estate crash drained their coffers. The Pingtang Bridge links two cities in southwest China's Guizhou province. In China, most local government liabilities are composed of “hidden debt” issued by their financing arms.
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