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Top related persons:
Christopher Waller - 2 — - 1 Lan Fo'an - 1 Yeap Jun Rong - 1 Neel Kashkari - 1 Waller - 1 Chris Weston - 1 Kazuo Ueda - 1
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Search resuls for: "Caixin Global"


4 mentions found


☆ China could raise nearly $1 trillion of fresh debt in the next 3 years to revive its economy
  + stars: | 2024-10-16 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +2 min
Chinese media reported that China could rack up $850 billion in debt to help revive its economy. China has vowed to roll out more fiscal stimulus, but key details were missing in a recent update. AdvertisementChina's fiscal stimulus efforts could include racking up almost $1 trillion in fresh debt over the next several years, according to local media. The money could be used as fiscal stimulus and to help "off-the-books debt" in local governments, the people added. One researcher recently estimated that the direct effects of China's latest stimulus package may not be felt until 2025, mainly because more fiscal stimulus needs to be unlocked before the policies can bolster the nation's economy.
Persons: —, Lan Fo'an Organizations: Service, China's, Finance, CNBC, Bloomberg, CSI Locations: China, Beijing, Hong Kong
☆ Gold prices flat as investors await fresh impetus
  + stars: | 2024-10-15 | by ( ) www.cnbc.com   time to read: +2 min
Gold was flat on Tuesday as investors await fresh insights on the Federal Reserve's stance on U.S. interest rate reductions for further direction on bullion prices. Gold was flat on Tuesday as investors await fresh insights on the Federal Reserve's stance on U.S. interest rate reductions for further direction on bullion prices. "Gold prices have been surprisingly resilient, refusing to succumb to a stronger U.S. dollar and higher Treasury yields," IG market strategist Yeap Jun Rong said. Fed Governor Christopher Waller called for "more caution" on interest rate cuts ahead. While, Fed Bank of Minneapolis President Neel Kashkari said more rate reductions likely lie ahead for the U.S. central bank as the 2% inflation target looms into sight.
Persons: Yeap Jun Rong, Christopher Waller, Neel Kashkari Organizations: Fed, Fed Bank of Minneapolis, U.S, London Locations: China
☆ Dollar at over two-month high, yen near 150 per dollar
  + stars: | 2024-10-15 | by ( ) www.cnbc.com   time to read: +3 min
The U.S. dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, while the yen inched closer to the key 150 per dollar level. The U.S. dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, while the yen inched closer to the key 150 per dollar level. The U.S. central bank kicked off its easing cycle with an aggressive 50 basis points at its last policy meeting in September. The dollar got a lift after Fed Governor Christopher Waller on Monday called for "more caution" on interest rate cuts ahead, citing recent economic data. That has cast doubts over when Japan's central bank will next tighten policy.
Persons: Christopher Waller, Waller, Chris Weston, Kazuo Ueda, Shigeru Ishiba, Tony Sycamore Organizations: U.S, Reserve, European Central Bank, Fed, Traders, Boeing, Bank of Japan, New Zealand, Caixin Global, Treasury, IG, China National, Congress Locations: U.S, Japan, China
☆ The Tesla factory where a worker was crushed to death had safety weaknesses, report says
  + stars: | 2023-04-19 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +2 min
Chinese inspectors want to punish Tesla after the death of a Shanghai factory worker, Caixin Global reported. A Chinese goverment investigation into the death of a Tesla employee in Shanghai concluded the electric carmaker has safety weaknesses, Chinese news site Caixin Global reported Wednesday. Meanwhile, people claiming to work at the Tesla Shanghai factory have complained on social media, and have appealed to Tesla CEO Elon Musk, saying their performance bonuses were cut after the employee's death. "Please pay attention to the performance of frontline workers at Tesla's Shanghai factory being arbitrarily deducted," one account tweeted. Two employees at Tesla's Shanghai factory told Reuters that supervisors pointed to a "safety incident" when they inquired about bonus cuts.
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