Chinese banks sell off debt

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Reuters has reported that Chinese banks have been selling off bad loans at an unseen pace, as regulators have been pressuring the sector to get rid of bad debt.
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Mon, 18 Dec 2023 13:58:17 GMT

Nippon Steel buys US Steel

The Japanese giant Nippon Steel has just announced that it would buy the United States Steel Corporation for a total of $14.9 billion. The US Steel shares reacted to the news with a jump of 28.00% that resulted in a price above $50.35 in the pre-market trading.

Mon, 18 Dec 2023 14:30:04 GMT

Williams comments on rate cuts

The head of New York Federal Reserve John Williams stated on Friday that the Fed would still monitor whether the current tightening has been enough instead of evaluating rate cuts.

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