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China adds $71bn in cash in past week to calm nerves

Bloomberg China’s central bank continued to pump liquidity into the financial system as policy makers sought to avoid contagion stemming from China Evergrande Group spreading to domestic markets. The People’s Bank of China (PBOC) has injected a net 460 billion yuan ($71 billion) of short-term cash into the banking system in the past five working days, including 70 billion yuan. ...

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Deutsche Bank’s next strategy to focus on Asia, acquisitions

Bloomberg Deutsche Bank AG’s next strategy will consider themes such as growth in Asia, and it may include acquisitions, Chief Executive Officer Christian Sewing said, in the first indication of his vision beyond the current turnaround strategy. Sustainability and providing risk management solutions to companies are other topics the lender is looking at as it starts planning for the future, ...

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Taper warning signs flash in India’s central bank markets

Bloomberg Traders are seeing hints that India’s central bank is seeking to drain record liquidity from the banking system, another sign that the global flood of pandemic-era easy money may begin to ease. The Reserve Bank of India (RBI) is increasingly shifting its forex intervention to the forwards market to keep from injecting rupee liquidity, according to traders and economists, ...

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