China Urges Banks to Boost Stock Investments to Support Market

📆 25/08/2023 05:46:00
📰 YahooFinanceCA

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

(Bloomberg) -- China urged the country’s pension fund, some large banks and insurers to increase stock investments, in the latest effort to bolster its fragile markets.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayBRICS Bloc Grows Heft With Saudi Arabia and Other Mideast Po

This Is What The Us Military Is Now Spending Their Money OnAnalysis-Little relief for indebted Canadian homeowners as mortgage rates seen higher for longer

Highly indebted Canadians hoping for relief from a rapid rise in mortgage rates are in for some disappointment, as recent moves in the bond market point to interest rates staying at elevated levels for longer than previously expected due to stubborn inflation. The yield on Canada's 5-year bond climbed on Tuesday to a 16-year high of 4.17%, up from 2.66% in March, as investors gave up on the notion that the Bank of Canada and other major central banks will pivot quickly to rate cuts.

Write Comment

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:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

China Urges Banks to Boost Stock Investments to Support MarketChinese authorities ramped up efforts to bolster the nation’s fragile financial markets, urging the country’s pension fund and some large-scale banks and insurers to increase stock investments.
Source: BNNBloomberg - 🏆 83. / 50 Read more »