The People’s Bank of China said it will pump nearly $174 billion into the economy to cushion the impact of the novel coronavirus outbreak. This is part of a slew of stimulus measures by Chinese regulators. To further ease market pains, the central bank has cut key interest rates by 2.4%. The goal is to […]

On Feb 3, Asian markets mostly improved after Chinese markets faced their worst session in years the day before. Mainland China stocks bounced back after China’s central bank injected more than $170 billion into the financial markets. Both the Shanghai and Shenzhen composites climbed more than 1%. Hong Kong’s Hang Seng jumped 1.2%, despite the […]

Business Briefs on Asia Tonight, January 30: – Apple, Broadcom ordered to pay US$1.1 billion for CalTech patent infringement – Nike being investigated over accusations of bribing youth basketball players – Unilever Q4 2019 sales up 1.5%, slightly above expectations Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service on Telegram: https://cna.asia/telegram Follow […]