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PBOC extends cash support in May after credit growth drop

BLOOMBERG  China’s central bank injected more long-term liquidity into the financial system for the sixth month in a bid to bolster economic growth after multiple indicators revealed faltering recovery momentum. The People’s Bank of China (PBOC) offered 125 billion yuan ($18 billion) of medium-term lending facility, 25 billion yuan more than the amount maturing in May. Eight of 10 analysts ...

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Stocks advance on hopes for debt-ceiling breakthrough

BLOOMBERG Stocks and commodities climbed as investors bet that US politicians will be able to negotiate a solution to the debt-ceiling standoff, with President Joe Biden voicing optimism that a deal could be reached. S&P 500 futures climbed 0.4%, signalling a rebound from May 12 retreat. Other markets tilted risk-on, with copper advancing and mining shares leading gains among European ...

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Adani stocks decline as fundraising plans spur dilution concerns

BLOOMBERG Shares of Indian billionaire Gautam Adani’s group declined on Monday after boards of two firms approved proposals to raise as much as $2.6 billion, with market watchers flagging concerns about potential equity dilution. Adani Enterprises Ltd, the incubator for new group businesses, slid 4.4% — the most intraday since May 3. The firm got a nod to raise as ...

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