DIRS.INFO The most relevant business & tech news

WASHINGTON, Sept 14 (Reuters) - About half of Americans support sending U.S. military personnel into Mexico to fight drug cartels, according to a Reuters/Ipsos opinion poll, though there is less backing for sending troops without Mexico's approval. Some of the candidates have said they would be prepared to send military forces without first receiving permission from the Mexican government. Fifty-one percent of Republicans opposed unilateral action, compared to 40% who supported it. Only former Vice President Mike Pence, former Arkansas Governor Asa Hutchinson and former New Jersey Governor Chris Christie have stopped short of saying they support sending U.S. military personnel into Mexico. The Reuters/Ipsos poll was conducted online and nationwide between Sept. 8 and Sept. 14, gathering responses from 4,413 U.S. adults.

Persons: Terry Sullivan, Marco Rubio's, Donald Trump, Ron DeSantis, Vivek Ramaswamy, Nikki Haley, South Carolina Tim Scott, Haley, Mike Pence, Asa Hutchinson, Chris Christie, Andres Manuel Lopez Obrador, Gram Slattery, Jason Lange, Stephen Eisenhammer, Ross Colvin, Grant McCool Organizations: Reuters, United, U.S . Centers for Disease, Department of Defense, Tech, South Carolina, New, Thomson Locations: Mexico, U.S, United States, Ukraine, Florida, South, Arkansas, New Jersey, Mexican, Washington, Mexico City

☆ China's central bank vows to support demand, price rebound
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China's central bank will boost demand and support a modest rebound in prices, the Financial News, a publication run by the People's Bank of China (PBOC) said on Wednesday, citing a unnamed senior central bank official. The central bank "will create an appropriate monetary and financial environment to promote effective demand in the real economy, support a moderate recovery in prices and enhance economic vitality," the official said. New bank loans beat expectations by nearly quadrupling in August from July, as the central bank sought to shore up economic growth amid soft demand at home and abroad. The central bank last cut the reserve requirement ratio (RRR) - the amount of cash that banks must hold as reserves - in March.

Persons: Jason Lee, Zhou Maohua, Kevin Yao, Liangping Gao, Tom Hogue, Sam Holmes, Miral Organizations: People's Bank of China, REUTERS, Rights, Financial, China Everbright Bank, Officials, Beijing Newsroom, Thomson Locations: Beijing, China, Rights BEIJING

Biden previously had mocked Republicans over a possible impeachment and the White House said they have no basis to do so. [1/4]U.S. House Speaker Kevin McCarthy (R-CA) calls for an impeachment inquiry into U.S. President Joe Biden while delivering a statement on allegations surrounding President Biden and his son Hunter Biden, on Capitol Hill in Washington, U.S., September 12, 2023. Senate Democratic Leader Chuck Schumer called the impeachment inquiry "absurd." Richard Nixon resigned in 1974 as he faced an impeachment vote. Public opinion polling has shown many Americans believe Hunter Biden has received special treatment.

Persons: Kevin McCarthy, Joe Biden, Donald Trump, Trump, Biden, Hunter, McCarthy, Ian Sams, Trump's, Hunter Biden, Elizabeth Frantz, Mitt Romney, coddled Hunter Biden, Romney, Kevin McCarthy’s, Pramila Jayapal, Ken Buck, Chuck Schumer, Bill Clinton, Andrew Johnson, Richard Nixon, Lisa Murkowski, Moira Warburton, Jason Lange, David Morgan, Andy Sullivan, Will Dunham, Scott Malone, Daniel Wallis Organizations: Republican U.S, Democratic, House, Republicans, White, U.S, Biden, OF HUNTER Republicans, ., Capitol, REUTERS, GOP, Senate, Trump, Reuters, Thomson Locations: Ukraine, McCarthy's, America, Washington , U.S

☆ Joe Biden approval rating: How popular is the US president?
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

U.S. President Joe Biden meets with Vietnam's Prime Minister Pham Minh Chinh (not pictured) in Hanoi, Vietnam, September 11, 2023. The poll had a margin of error of three percentage points and showed approval of Biden to be largely a matter of partisanship. Following the two Democrat-backed probes into Trump, the Republican president lost his 2020 reelection bid to Biden. The new Reuters/Ipsos poll showed the economy remained Americans' top concern, with 23% of respondents selecting it as "the most important problem facing the U.S. The Reuters/Ipsos poll gathered responses online from 1,029 adults, using a nationally representative sample.

Persons: Joe Biden, Pham Minh Chinh, Evelyn Hockstein, Joe Biden's, Biden, Kevin McCarthy, Hunter, Bill Clinton, Donald Trump, Jason Lange, Scott Malone, Deepa Babington Organizations: Vietnam's, REUTERS, Rights, Democratic Party, Republicans, Reuters, Biden, Republican U.S . House, U.S . House, U.S . Senate, Republican, Democrat, Trump, Thomson Locations: Hanoi, Vietnam, Clinton

The figures suggest that China's latest steps to revive a crisis-hit property market, including lower mortgage rates and down payments, could unlock some pockets of housing demand in the most sought-after areas, but may struggle to halt the broader property market downturn. "These measures may generate a short-term rebound in property transactions, but are insufficient to stabilize the property market," Goldman Sachs analysts said in a note. But Yu Fei, a property sales agent at HomeLink, said the initial spike in interest he noticed in the first few days is already petering out. "Many homebuyers remain in a wait-and-see approach, some hoping for more radical policies to stimulate the property market," Yu said. Goldman analysts said if property sales kept sliding policymakers could release more liquidity into the market by cutting banks' reserve requirement ratios, lowering rates, easing home purchasing rules further.

Persons: Jason Lee, Goldman Sachs, Zhang Guoqiang, I'm, Zhang, Zhao Jie, Yu Fei, Yu, Goldman, Wan, Emelia Sithole Organizations: REUTERS, China Index, Haitong Securities, Longfor, HK, Thomson Locations: Beijing, China, BEIJING, HONG KONG, China's

Leon Neal/AFP/Getty Images2008: iPhone 3G, meet the App StoreWith the second version of the iPhone, Apple introduces the App Store and 3G connectivity. Stephen Lam/Reuters2016: iPhone SE, a budget optionTaking a step back, the iPhone SE is a cheaper, smaller device than the 6S, giving customers a chance to enjoy Apple’s phones at a much lower cost. People handle the new Apple iPhone XS and iPhone XS Max during a media tour at an Apple office in Shanghai, China, on September 21, 2018. Brendon Thorne/Bloomberg/Getty Images2020: iPhone 12 Mini, small but mightyThe iPhone 12 mini is smaller than the usual iPhone but packs a powerful punch. Mike Segar/Reuters2021: iPhone 13 Series, same price for more spaceThe iPhone 13 stays at the same price as the iPhone 12 with double the storage space, as well as featuring a much smaller top notch.

Persons: Steve Jobs, John Green, ” Jobs, Leon Neal, Justin Sullivan, Siri, FaceTime, “, ”, Jobs, Michael Nagle, Apple, Seth K, Hughes, Akio Kon, David Gray, Tim Cook, Josh Edelson, Stephen Lam, David Paul Morris, Phil Schiller, Aly Song, Max, Jason Lee, Pro Max, Phil Barker, Brendon Thorne, Mike Segar, Gabby Jones, Andrew Kelly Organizations: New, New York CNN, Apple, Macworld, Bay Area, Getty, Lightning, Bloomberg, Apple Inc, Worldwide, Steve Jobs, Steve, Pro, Future Publishing Locations: New York, San Francisco, London, AFP, San Francisco , California, New York City, Cupertino , California, Ginza, Tokyo, Japan, Sydney, Shanghai, China, Beijing, Australia, Manhattan , New York

NEW YORK (AP) — Another top executive at the failed FTX cryptocurrency exchange is scheduled to appear in court in New York Thursday afternoon to face undisclosed criminal charges. Ryan Salame, the former co-chief executive of FTX Digital Markets, was set to appear before a judge at 3 p.m. at the U.S. district court in Manhattan. Federal prosecutors didn't immediately disclose what charges Salame is facing or reveal details about the case. Before FTX collapsed and declared bankruptcy in November, Bankman-Fried had been one of the best-known U.S. crypto entrepreneurs. Bankman-Fried and people associated with his companies, including Salame, were also heavy givers to political campaigns.

Persons: Ryan Salame, didn't, Jason Linder, FTX, Sam Bankman, Caroline Ellison, Nishad Singh, Gary Wang, Fried, Larry David, Salame Organizations: FTX, Alameda Research Locations: New York, U.S, Manhattan, Bahamas, Alameda, Bankman

Salame also pleaded guilty to conspiring to operate an unlicensed money-transmitting business. But there was no indication that he was cooperating with the prosecution or would testify against Bankman-Fried at trial. Former Alameda Chief Executive Officer Caroline Ellison, former FTX technology chief Gary Wang and former FTX engineering chief Nishad Singh previously pleaded guilty and are expected to testify against Bankman-Fried. Bankman-Fried has pleaded not guilty. His lawyer told prosecutors that if called to testify Salame would invoke his right under the U.S. Constitution's Fifth Amendment against self-incrimination.

Persons: Ryan Salame, Sam Bankman, Fried, District Judge Lewis Kaplan, Kaplan, Salame, Jason Linder, Caroline Ellison, Gary Wang, Nishad Singh, Singh, Luc Cohen, Will Dunham, Emelia, Mark Porter Organizations: FTX's, U.S, District, Bankman, Alameda, Porsche, Alameda Research, Prosecutors, Ernst & Young, Circle, FTX Digital, Republican, Democratic, Constitution's, Securities Commission, FTX, New York Times, Thomson Locations: Manhattan, Massachusetts, Salame, Bahamas, Caribbean, Alameda, New York

☆ The Racial Achievement Gap and the War on Meritocracy
▼ + stars: | 2023-09-06 | by ( Jason L. Riley | ) www.wsj.com time to read: +1 min

He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.

Persons: Jason Riley, Riley, ”, “, Thomas Sowell ” Organizations: Wall Street, Mobility, Manhattan Institute, Borders, Blacks, Editorial, State University of New, USA, Buffalo News Locations: New York, Buffalo , New York, State University of New York, Buffalo

During the crypto boom of 2021, Riot Platforms was raking in cash from bitcoin mining. Now the company is losing so much money that it's counting on energy credits from selling power back to the Texas grid to keep its costs under control. Riot said on Wednesday that it earned $31.7 million in energy credits last month from Texas power grid operator ERCOT. "August was a landmark month for Riot in showcasing the benefits of our unique power strategy," said Jason Les, CEO of Riot, in the company's press release. It's a dramatic strategy shift for Riot, whose revenue soared almost 8,000% in 2021 from booming demand for bitcoin.

Persons: Riot, Jason Les Organizations: Riot, JPMorgan Chase Locations: Texas, U.S

Two of them - Norway and United Kingdom - delivered a total of 50 basis points of rate hikes in the lowest such tally since January. Turkey delivered a super-sized 750 bps rate rise in August while Russia lifted its benchmark by 350 bps and Thailand added 25 bps. "Major central banks will maintain a restrictive policy stance through 2024," said Madhavi Bokil, senior vice president strategy and research at Moody's. "Significant easing by emerging market central banks is unlikely with advanced economy central banks still battling elevated inflation, and uncertainty around the U.S. interest rate outlook." Emerging markets interest ratesReporting by Karin Strohecker and Vincent Flasseur Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Lee, Carsten Brzeski, Brzeski, Costa, Madhavi Bokil, Karin Strohecker, Vincent Flasseur, Tomasz Janowski Organizations: People's Bank of China, REUTERS, New Zealand, Thomson Locations: Beijing, Norway, Brazil, Turkey, Russia, Central, United Kingdom, Australia, New, China, Europe, Chile, Costa Rica, Uruguay, Thailand

☆ Tesla China extends delivery time for Model Y Long Range to 6-8 weeks
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: 1 min

FILE PHOTO: People walk past a showroom outside Tesla China headquarters at China Central Mall in Beijing, China July 11, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowBEIJING, Sept 4 (Reuters) - Tesla China has extended delivery time for its Model Y Long Range to between six and eight weeks, according to its website on Monday. The delivery time for Model Y's two other versions - rear wheel drive and performance - remains unchanged at between two and six weeks in China. Reporting by Qiaoyi Li, Judy Hua and Brenda Goh; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Lee, Qiaoyi Li, Judy Hua, Brenda Goh, Jacqueline Wong Organizations: China Central Mall, REUTERS, Inc, Thomson Locations: China, Beijing

☆ Andrew Bialecki built Klaviyo into an email titan by breaking all the norms. Now he's taking it public as its largest shareholder.
▼ + stars: | 2023-09-01 | by ( Melia Russell | ) www.businessinsider.com time to read: +8 min

Andrew Bialecki is preparing to take Boston startup Klaviyo public eleven years after founding it. Bialecki, who cofounded the marketing tech company in 2012, owns more than a third of Klaviyo, according to the company's recent S-1 filing. In the last eleven years, the 37-year-old has quietly built the hottest Boston startup you've never heard of. For comparison, HubSpot's Brian Halligan and Toast's Chris Comparato reported salaries of roughly $240,000 before taking their Boston startups public. Bialecki has also sold few shares of Klaviyo in inside rounds, according to two people familiar with the company's financials.

Persons: Andrew Bialecki, Jason Lemkin, Peter Walker, Klaviyo, Yankee frugality, Barry Chin, Ed Hallen, Hallen, Bialecki, Alexa von, TJ Mahony, he's, Elias Torres, Bootstrapping, Jon Karlen, Karlen, Mahony, Alex Clayton, frugality, HubSpot's Brian Halligan, Toast's Chris Comparato Organizations: Boston Globe, Getty, MIT's Sloan School of Management, Capital, Harvard University, Predictive Technologies, Fortune, Red Sox, Meritech Capital, Boston, Black, Patriots Locations: Boston, Coast, Bialecki, Washington, DC, Klaviyo, Braze, Miami

☆ China to cut banks' FX reserve ratio to rein in yuan weakness
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +3 min

The headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. The People's Bank of China (PBOC) said it would cut the foreign exchange reserve requirement ratio (RRR) by 200 basis points (bps) to 4% from 6% beginning Sept. 15, according to an online statement. That would effectively free up $16.4 billion worth of foreign exchange with China's FX deposits standing at $821.8 billion at end-July. The PBOC said its move was to "improve financial institutions' ability to use foreign exchange funds". Cheung added that Friday's announcement reinforced the central bank's stance to defend a weakening yuan but was "unlikely to reverse the bearish picture of the yuan."

Persons: Jason Lee, Ken Cheung, Cheung, Winni Zhou, Tom Westbrook, Christian Schmollinger, Sam Holmes Organizations: People's Bank of China, REUTERS, Rights, Mizuho Bank, Thomson Locations: Beijing, China, Rights SHANGHAI, SINGAPORE, United States

Below are five charts showing what's been moved and/or shaken:1/SHOCK FOR THE STOCKSMSCI's 24-country emerging markets (EM) stocks index (.MSCIEF) is down 6% this month. It is still up for the year, though well below the 13.5% gain this year for MSCI's main global index, which has benefited from a boom in U.S. "mega-cap" stocks. "The markets that have underperformed are the lower-yielding markets like Asia," Mike Arno, a portfolio manager at Brandywine Global, said. "The market doesn't seem to think that China is a major threat," said Aegon Asset Management's head of EM debt, Jeff Grills. Reuters Graphics5/OUT OF AFRICAThe other big trouble spot has been Africa, where debt markets have seen a sharp pullback.

Persons: Jason Lee, what's, Tayyip Erdogan's, Katherine Marney, Mike Arno, Jeff, Erdogan, Van Eck's, Eric Fine, Viktor Szabo, Szabo, Marc Jones, Rodrigo Campos, Alex Richardson Organizations: REUTERS, Reuters, JPMorgan, Brandywine, FX, HK, EMBI, abrdn, Thomson Locations: Beijing, China, Africa, MIWD00000PUS, Hungary, America, Brazil, Argentina, Asia, TURKEY, Gabon, Niger, JPMorgan's Africa, London, New York

☆ China says drop in trade with the U.S. is 'a direct consequence of U.S. moves'
▼ + stars: | 2023-08-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Jason Lee | ReutersBEIJING — China's ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls for a drop in trade between the two countries. "This is a direct consequence of U.S. moves to levy Section 301 tariffs on Chinese imports, abuse unilateral sanctions and further tighten up export controls," he said. China's trade partnersThe U.S. is China's largest trading partner on a single country basis. Following her meetings with Chinese government officials, the U.S. and China agreed to establish regular communication channels on commerce, export controls and protecting trade secrets. Xie claimed that average U.S. tariffs on Chinese products were 19%, while the Chinese tariffs on U.S. goods averaged 7.3%.

Persons: Jason Lee, Xie Feng, Xie, Gina Raimondo's, Raimondo, Trump, Joe Biden, Janet Yellen Organizations: Reuters, Reuters BEIJING —, Forbes, U.S, China Business Forum, European Union and Association of Southeast, . Commerce Secretary, . Commerce, The Locations: Washington, Beijing, Taiwan, South China, Reuters BEIJING, U.S, China, New York, U.S . China, United States, Nations, France, Japan, The U.S

☆ Joe Biden Uses Martin Luther King Jr. for Partisan Points
▼ + stars: | 2023-08-30 | by ( Jason L. Riley | ) www.wsj.com time to read: +1 min

☆ Trump still dominates, no DeSantis bounce from Republican debate, Reuters/Ipsos poll shows
▼ + stars: | 2023-08-25 | by ( Jason Lange | ) www.reuters.com time to read: +3 min

Republican presidential candidate and Florida Governor Ron DeSantis speaks at the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. But it showed DeSantis remained stuck in distant second place with 13% of support of Republican respondents while Trump, the former president, had 52%, marginally higher than the 47% he received in a Reuters/Ipsos poll in early August. Still, about half of Republican respondents said they were more likely to support DeSantis based on what they had heard about the debate. About four in 10 Republicans said they were more likely to back Ramaswamy or Haley based on the debate. Only 5% of Republicans said they outright backed Ramaswamy while only 4% supported Haley, similar shares to what they had before the debate.

Persons: Ron DeSantis, Brian Snyder, Donald Trump, DeSantis, Trump, Tucker Carlson, Vivek Ramaswamy, Nikki Haley, Ramaswamy, Haley, Mike Pence, Joe Biden, Trump's, Jason Lange, Ross Colvin, Howard Goller Organizations: Florida, Republican, REUTERS, Rights, Reuters, Republicans, Trump, Twitter, Democrat, Thomson Locations: Milwaukee , Wisconsin, U.S, Florida, Milwaukee, Atlanta, Georgia

mug shot t-shirts ($34.00), beverage holders ($15.00 for two) and coffee mugs ($25.00). His son Don Jr. is marketing "FREE TRUMP" mug shot t-shirts ($29.99) and posters ($19.99). What legal rights, if any, Trump's campaign may have over the mug shot's reproduction are unclear, however. The former president told Fox News Digital in an interview Thursday night that he only did the mug shot because Georgia officials insisted. Rick Wilson, a co-founder of the Lincoln Project flogging mug shot wares online, dared Trump's campaign to sue him in a Friday post on X.

Persons: Donald Trump, Rudy Giuliani, Mario Anzuoni, Donald Trump's, Don Jr, Etsy, Taylor, David Kochel, Trump, Chris LaCivita, Josh Gerben, Trump's, you've, Rick Wilson, Gram Slattery, Nathan Lane, Blake Brittain, Jason Lange, Steve Holland, Heather Timmons, Rosalba O'Brien Organizations: REUTERS, Rights, Former U.S, Trump, Republican, Lincoln, Republicans, Reuters, U.S, Constitution, Fox News Digital, Thomson Locations: Los Angeles , California, U.S, Former, Georgia, Los Angeles, Iowa, New York, Fulton, Lincoln

Persons: Donald Trump's, Don Jr, Etsy, Taylor, CJ Butler, it's Trump, David Kochel, Trump, Donald Trump, Rudy Giuliani, Mario Anzuoni, Chris LaCivita, Josh Gerben, Trump's, you've, Rick Wilson, Gram Slattery, Nathan Lane, Blake Brittain, Jason Lange, Rollo Ross, Steve Holland, Heather Timmons, Rosalba O'Brien Organizations: Former U.S, Trump, Republican, Lincoln, Republicans, REUTERS, Reuters, U.S, Constitution, Fox News Digital, Thomson Locations: Former, Georgia, Los Angeles, Atlanta , Georgia, Iowa, New York, Los Angeles , California, U.S, Fulton, Lincoln

☆ New York Came Back in the ’90s—Then It Fell Again
▼ + stars: | 2023-08-23 | by ( Jason L. Riley | ) www.wsj.com time to read: +1 min

☆ Argentina's Massa expects IMF board OK for $7.5 bln payout
▼ + stars: | 2023-08-22 | by ( Jason Lange | ) www.reuters.com time to read: +2 min

Argentine Economy Minister Sergio Massa speaks to the media on the day of Argentina's primary elections, near a polling station in Tigre, on the outskirts of Buenos Aires, Argentina August 13, 2023. REUTERS/Mariana Nedelcu/File Photo Acquire Licensing RightsWASHINGTON, Aug 22 (Reuters) - Argentine Economy Minister Sergio Massa said on Tuesday that he expects the International Monetary Fund (IMF) board to approve the latest reviews of its huge loan program on Wednesday, unlocking $7.5 billion the embattled country desperately needs. The board green light would come after the South American nation reached a staff-level agreement with the IMF in July to unlock the funds and complete the combined fifth and sixth reviews of its struggling $44 billion loan program. "We are convinced that tomorrow the fifth and sixth reviews will be approved, which will allow us to access a disbursement for Argentina of $7.5 billion," he told reporters at an event in Washington. Reporting by Jason Lange; additional reporting by Rodrigo Campos; Writing by Adam Jourdan; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Mariana Nedelcu, Massa, Jason Lange, Rodrigo Campos, Adam Jourdan, Sandra Maler Organizations: Argentine, REUTERS, Rights, Argentine Economy, International Monetary Fund, IMF, Thomson Locations: Tigre, Buenos Aires, Argentina, Argentine, American, Washington

☆ China's financial regulators urge support for resolving local debt risks
▼ + stars: | 2023-08-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. The meeting called for coordinating financial support to resolve local debt risks, and adjusting policy for real estate loans. The weak financial situation of local governments has prevented the central government from supporting the economy with fiscal policy, Rhodium Group analysts said in June. Earlier this year, authorities emphasized that preventing financial risks was a priority. "China's ongoing property downturn and COVID restrictions last year have strained the finances of many local governments," S&P Global Ratings analysts said in an early July report.

Persons: Jason Lee, Pan Gongsheng Organizations: People's Bank of China, Reuters, Group, China, Global, National Administration of Financial, China Securities Regulatory, Central Financial Locations: Beijing, China, Reuters BEIJING, Shanghai, Shenzhen

The headquarters of the People's Bank of China, the central bank, is pictured behind an iron chain in Beijing August 30, 2010. REUTERS/Jason Lee/File Photo Acquire Licensing RightsAug 21 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The People's Bank of China is expected to cut interest rates on Monday, but it may have to throw caution to the wind and 'go big' if it is to soothe the nervousness and concern around China currently sweeping through financial markets. Either way, investors will be looking to Beijing and Jackson Hole this week for some degree of assurance and guidance. Here are key developments that could provide more direction to markets on Monday:- China interest rate decision- Thailand GDP (Q2)- Hong Kong inflation (July)By Jamie McGeever; Editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Lee, Jamie McGeever, Jerome Powell, Xi Jinping, Xi, Goldman Sachs, Goldman, Jackson, Diane Craft Organizations: People's Bank of China, REUTERS, People's Bank of, Bank of Korea, Bank Indonesia, U.S, U.S . Federal, Goldman, Barclays, Treasury, Thomson, Reuters Locations: Beijing, People's Bank of China, China, Asia, U.S ., Brazil, Russia, India, South Africa, U.S, Thailand, Hong Kong

☆ China vows to coordinate support to resolve local government debt risks
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +3 min

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/ File Photo Acquire Licensing RightsBEIJING, Aug 20 (Reuters) - China will coordinate financial support to resolve local government debt problems, the central bank said in a statement on Sunday, as policymakers look to shore up an increasingly shaky economic recovery and reassure worried investors. Financial departments should coordinate support to resolve local debt risks, enrich tools to prevent and resolve debt risks, strengthen risk monitoring and firmly hold the line on avoiding systemic risk, according to the PBOC statement. Bloomberg reported on Aug. 11 that China will offer local governments a combined 1 trillion yuan ($137 billion) in bond issuance quotas for refinancing. "Financial support to the real economy must be strong enough" while major banks should increase lending, the statement said.

Persons: Jason Lee, Fitch, Pan Gongsheng, Xiao Yuanqi, Li Chao, PBOC, Ellen Zhang, Siyi Liu, Ryan Woo, Kim Coghill Organizations: People's Bank of China, REUTERS, Rights, Communist Party, Bloomberg, PBOC, National Financial Regulatory, China Securities Regulatory, Thomson Locations: Beijing, China, Rights BEIJING

Search resuls for: "Jason L"

25 mentions found