China home prices fall at slower pace after stimulus boost
BEIJING – China’s home price declines abated for a second month in October, aided by the country’s recent policy support.
New-home prices in 70 cities, excluding state-subsidised…
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stimulus
China sees first sign of manufacturing recovery after stimulus blitz
BEIJING – China’s manufacturing activity expanded for the first time in six months and services picked up in October, indicating that Beijing’s boldest stimulus measures since…
China and Hong Kong stocks jump as aggressive stimulus boosts sentiment
Beijing’s liquidity support for the stock market will come in the form of a 500 billion yuan swap facility and a 300 billion yuan relending facility. Mr Pan said the authorities…
China central bank signals it will dial back pandemic stimulus
BEIJING – The People’s Bank of China (PBOC) signalled it may start gradually scaling back some of the stimulus measures implemented during the pandemic as the economy begins…
China unveils detailed stimulus policies to support virus-hit economy
BEIJING – China’s Cabinet unveiled a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday (May 31) to revive a pandemic-ravaged economy,…
US Fed says may ‘soon’ be time to remove stimulus
WASHINGTON – The Federal Reserve said on Wednesday (Sept 22) that increasing Covid-19 cases have slowed the US economic recovery, but it may nonetheless be ready to “soon” begin…
Asia shares, dollar celebrate US stimulus, oil hits 1-year high
SYDNEY – Asian shares rallied on Monday (March 8) while the US dollar held near three-month peaks after the US Senate passage of a US$1.9 trillion stimulus bill and a surprisingly strong…
US stocks near flat amid stimulus hopes, inflation fears
NEW YORK – Wall Street stocks finished little changed on Friday (Feb 19), concluding a choppy week in which optimism over coronavirus vaccines and stimulus competed with inflation fears.…
US Congress struggles over stimulus deal amid new shutdown threat
WASHINGTON – US lawmakers were hammering out final details on Friday (Dec 18) on a major coronavirus relief package and an attached federal funding Bill but sticking points could push them…
South Korea cuts growth outlook, vows to maintain stimulus for Covid-hit economy
SEOUL – South Korea cut its 2021 growth forecast and vowed to continue to support workers and exporters as a resurgence of the coronavirus has delayed its recovery and forced the…