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Markets and investing
Asian currencies traded unevenly on Monday as the yuan remained close to its strongest level in more than four years. The dollar was broadly stable ahead of the U.S. midterm elections and a week packed with economic data and central-bank decisions.
Markets and investing
The People’s Bank of China injected 541 billion yuan through overnight reverse repos as it formally moved its main policy-rate anchor to the overnight lending rate, a change analysts said would lower funding costs for financial institutions.
Markets and investing
Recent developments in China’s official manufacturing gauge are prompting renewed expectations that the People’s Bank of China could deliver another interest-rate cut, according to Bloomberg’s Minmin Low.
Markets and investing
Julia Raiskin, Millennium Management’s regional co-CEO, said regulators across Asia are introducing measures that are supporting public markets and encouraging wealth creation for aging populations.