News Formal

Business Maverick: Copper to Iron Ore Rebound as China Vows to Support Economy

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 84%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Industrial metals from copper to iron ore recouped some of Monday’s losses after China pledged more support to help revive an economy that’s been imperiled by an escalating virus outbreak.

to increase monetary support to the real economy, especially for industries and small businesses hit hard by the pandemic, it said in a statement on Tuesday.

That follows the People’s Bank of China’s decision Monday to cut the amount of money that banks need to have in reserve for their foreign currency holdings, an attempt to help limit the drop in the yuan.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: China Lockdown Fears Rip Through Markets as Stocks, Yuan TumbleFears about the economic toll of China’s strict Covid Zero policy have intensified, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. Why hasnt china been sued and fined yet for causing worldwide deaths, eh?
Source: dailymaverick - 🏆 3. / 84 Read more »