-- China’s central bank will conduct temporary bond repurchase or reverse repurchase operations in the afternoon, in addition to its traditional morning operations, tightening its control over short-term interest rates.Le Pen Party Seeks Major French Election Win: What to Watch
The central bank said Monday that the duration of the extra operations would be overnight with fixed rates set at seven-day reverse repo rate minus 20 basis points and plus 50 basis points. The PBOC recently took a fresh step toward selling government bonds, saying on Friday it now has hundreds of billions of yuan worth of securities at its disposal to borrow, and would sell them depending on market conditions.China’s sovereign bonds have surged this year on the back of the country’s gloomy economic outlook and expectations for interest rate cuts. The lack of attractive alternatives and a switch out of savings to financial investments has fanned demand.
How a New York short-seller took on one of the world's richest people, wiped out $150 billion in market value, and barely made any money BlackRock acquired Preqin for $3.2 billion this week, making Mark O'Hare and his wife billionaires. Now, he's passing some of the wealth to employees.Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say
The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico.
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