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Search resuls for: "— CNBC's Clement Tan"


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The Stoxx 600 index was down 0.36% in early trade, with media and tech stocks shedding some of Thursday's strong gains to fall 1.4% and 1.3%, respectively. Japan's strict yield curve control policy will now allow movements in the range of around plus and minus 0.5% without "rigid limits," the central bank said. The central bank also offered to buy 10-year bonds at 1% every business day through fixed-rate operations, effectively expanding its tolerance by another 50 basis points. The unexpected move rattled Asia-Pacific markets, with Japan's Nikkei 225 falling by over 2%, the yen gaining and the 10-year bond yield rising to its highest level since September 2014. Global markets are also sensitive to monetary policy moves in Japan, due to its longstanding status as the world's biggest creditor nation.
Persons: — CNBC's Clement Tan, Sumathi Bala Organizations: Bank of Japan, Japan's Nikkei, European Central Bank, Dow Jones Locations: Asia, Pacific, Japan
U.S. Treasury Secretary Janet Yellen arrived in Beijing on July 6, 2023, for her first visit under the Biden administration. For instance, just days before Yellen's visit, Beijing slapped export curbs on chipmaking metals and compounds. Yellen said China is also taking steps to address concerns about a slowing economy, and that there are opportunities for American businesses to profit. But even so, she said national security remains a priority for the U.S."China has an enormous market. "But there are areas where national security really demands that the most advanced technologies with military applications, we need to withhold to protect our own national security.
Persons: Janet Yellen, Biden, Antony Blinken's, Joe Biden, Xi Jinping, Yellen, Yellen's, who've, — CNBC's Clement Tan Organizations: Treasury, APEC, CBS, China's Ministry of Commerce, U.S Locations: Beijing, China, U.S, New Delhi, San Francisco, Bali, Europe
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