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China's central bank raises stake in HDFC to more than 1%; govt concerned as no red flag raised on deal
Business

China's central bank raises stake in HDFC to more than 1%; govt concerned as no red flag raised on deal

HDFC stock fell about 40 percent this year from a high of Rs 2,493 to a low of Rs 1,499 last week.

China's central bank wants to regulate power usage of bitcoin miners for reducing the scale of their production
News & Analysis

China's central bank wants to regulate power usage of bitcoin miners for reducing the scale of their production

China had ordered all initial coin offerings to cease and all cryptocurrency trading exchanges to be shuttered with the aim of containing financial risks.

China clamps down on lightly regulated online micro-lending market; shares of US-listed firms slip
News & Analysis

China clamps down on lightly regulated online micro-lending market; shares of US-listed firms slip

On Tuesday, shares of China Commercial Credit Inc ended down 8.8 percent and PPDAI Group slumped 14 percent.

After Brexit, China devalues yuan by almost 1% today amid dollar surge
Business

After Brexit, China devalues yuan by almost 1% today amid dollar surge

The People’s Bank of China (PBoC) set the value of the yuan — also known as the renminbi — at 6.6375 to the greenback, down 0.91 percent from Friday’s fixing

China may halt Yuan weakening drive to curb capital outflows, calm global nervousness
Business

China may halt Yuan weakening drive to curb capital outflows, calm global nervousness

Government economists and policy advisers say the People's Bank of China will now try to stop the yuan weakening much past 6.5 per dollar

Deflation fears: China's Jan inflation comes in at 0.8%, hits 5-year low
World

Deflation fears: China's Jan inflation comes in at 0.8%, hits 5-year low

China's inflation plunged to a more than five-year low of 0.8 percent in January, official data showed today, fuelling fears the world's second-largest economy is on the brink of a deflationary spiral.

Chinese stocks shoot up over 2% after PBOC's surprise stimulus move
World

Chinese stocks shoot up over 2% after PBOC's surprise stimulus move

Chinese stocks shot up more than 2 percent on Thursday after PBOC's cut banks' reserve requirement ratios by 50 basis points, a widely expected stimulus move that has helped fuel a stock market rally of nearly 40 percent in the last few months.