SHANGHAI: China’s yuan hovered near a 13-month low in holiday-thinned trading on Thursday, not far from breaching

China kept its one-year and five-year LPRs unchanged at 3.1 and 3.6% respectively. The move, which follows a 25-basis-points rate cut by the U.S. Federal Reserve earlier in the week, was expected, according to a Reuters poll of economists.

The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.

China is widely expected to leave its benchmark lending rates unchanged on Friday, a Reuters poll showed, as falling yields, shrinking net interest margins and a weakening yuan create limits for immediate monetary easing.

Taiwan emerges as Asia's best-performing stock market in 2024, gaining 25.54% as of Dec. 23 In contrast, South Korea was the worst, losing 8.03% over the year. Analysts say Trump's presidency and China's economy will be key to determining the direction of the Asian markets in 2025.

President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?

Recently, the Politburo, China's top decision-making body, opted to respond more actively to economic downturns, boost demand and stabilize the housing market. Fiscal easing is augmented by "moderately loose" monetary policy next year. The decision to foster "unconventional" counter-cyclical adjustments is the greatest policy shift since 2008.

Senior officials last week endorsed their strongest pro-growth stance in a decade, indicating bigger government spending and more interest rate cuts

The People’s Bank of China set the so-called fixing at the strongest bias since July versus the average estimate in a Bloomberg survey on Thursday

Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed the issue during a Dec. 19 press conference, emphasizing that the Fed is not pursuing any legislative changes to alter this position.

Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here's how the plan could work.

The Federal Reserve today made its final interest rate ... said he intends to levy an additional 10% fee on all imports from China. But tariffs are essentially consumption taxes that are most ...