U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida agreed in a virtual meeting on Friday to boost cooperation on pressing economic and security issues, including China, North Korea's missiles and Russia's threat to Ukraine.
Tibetan activists on Friday demanded that Allianz drop its sponsorship of the Beijing Winter Olympics over allegations of human rights abuses against China and over its treatment of minorities. Members of groups including Students for a Free Tibet and Tibet Initiative Germany staged a sit-in in front of the insurer's Berlin offices, holding a placard that read: "Allianz, drop the genocide games".
China, the world's second largest economy, should reassess its zero-COVID approach to the pandemic given the emergence of the new highly contagious Omicron variant, IMF Managing Director Kristalina Georgieva said on Thursday.
Asian spot liquefied natural gas prices dropped this week as large Chinese sell tenders signalled that supplies are well-stocked amid continued tepid Asian demand. The average LNG price for March delivery into north-east Asia fell to around $23.00 per metric million British thermal units, down $9.60 or nearly 30% from the previous week, industry sources said.
China's central bank said on Friday it has cut interest rates on another key monetary policy tool, capping off a week of easing measures that underscore official concern about a darkening outlook for the world's second-largest economy.
China will be able to achieve economic growth of around 5.5% in 2022, an adviser to the government's cabinet said on Friday, making a rosier prediction than markets expect as recent data have pointed to slowing momentum.
China must prevent and defuse the risk of external shocks this year while strengthening macro-prudential management and guiding market expectations, the country's foreign exchange regulator said on Friday.
China Finance Online Co Ltd (JRJC): * CHINA FINANCE ONLINE CO. LTD. RECEIVES NOTICE OF DELISTING FROM NASDAQ Source text for Eikon: Further company coverage:
* HK stocks jump 3.3% * Turkey cenbank seen keeping rate unchanged at 14% * Russian rouble slips after 1.2% surge on Wed. By Susan Mathew. Emerging market stocks snapped a five-day losing streak on Thursday, with Hong Kong shares surging 3.3%, as investors welcomed more monetary policy easing from China, while Turkey's lira slipped ahead of a central bank meeting later in the day.
China lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy, after data earlier in the week pointed to a darkening outlook for the country's troubled property sector.
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