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China stocks cling to tariff-driven gains

Bloomberg Stocks in China and Hong Kong pared earlier advances as relief that the US will delay imposing tariffs on some consumer goods was tempered by weak economic data. The yuan climbed the most since June 20. The Hang Seng Index overcame an afternoon wobble to close 0.1 percent higher, rising for the first time in four days, while protests ...

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China’s $55b MLF maturity will give a signal on easing

Bloomberg China’s central bank will likely roll over maturing debt to ease liquidity in the financial system as the economy slows amid the trade dispute with the US. The People’s Bank of China is expected to roll over 383 billion yuan ($55 billion) of medium-term lending facility loans due to mature on Thursday, analysts said, after July industrial output growth ...

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ECB blasts banks for slow-walking their Brexit preparations

Bloomberg The European Central Bank (ECB) blasted banks for slow-walking their Brexit preparations, telling them they must move additional staff and resources to the European Union in case Britain leaves without a deal on October 31. The central bank said that firms have transferred “significantly fewer activities, critical functions and staff” to their EU operations than originally foreseen as part ...

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