Silvercorp Metals: Slowdown Related to New Nationwide Safety Measures Imposed Across Chinese Mining Industry >SVM
Silvercorp Metals: Slowdown Related to New Nationwide Safety Measures Imposed Across Chinese Mining Industry >SVM
Silvercorp Metals: Slowdown Related to New Nationwide Safety Measures Imposed Across Chinese Mining Industry >SVM
The People's Bank of China (PBoC) injected CNY 69.5 billion through seven-day reverse repos on Tuesday, while keeping the interest rate unchanged at 1.4%, according to an official statement.The central bank also conducted overnight reverse repo operations for a second straight day, offering CNY 600…
By James GlynnSYDNEY--The Reserve Bank of Australia continues to warn that inflation remains materially above its target, with price pressures expected to mount further in the second quarter.In the minutes of its June 15-16 policy meeting, released Tuesday, the central bank noted that labor costs p…
The Malaysian ringgit is expected to remain under pressure in the near term as a stronger U.S. dollar and global economic uncertainty continue to weigh on emerging-market currencies, MBSB Research says in a note. It expects safe-haven demand for the dollar and higher U.S. interest rates to keep dow…
China's central bank conducted its overnight reverse repo operations again on Tuesday, setting the borrowing cost unchanged at 1.25%, people with knowledge of the matter said.The People's Bank of China (PBOC) injected 600 billion yuan ($88.32 billion) through the overnight reverse repos in open mar…
The Reserve Bank of Australia’s June 15–16 meeting minutes underscored persistent concern that inflation remains well above target, with underlying pressures expected to intensify in the June quarter.Policymakers noted widespread labor cost strains and weak sentiment among households and businesses…
China’s government is discouraging companies from raising funds overseas at higher interest rates as it seeks to curb risks among local borrowers carrying more than $100 billion in offshore debt, according to Ming Pao, citing a Bloomberg report.
Autosports Group retains its bullish rating at UBS despite their suspicion that some of the softness within its traditional portfolio stems from macroeconomic headwinds. Maintaining a buy rating on the stock, the investment bank's analysts tell clients in a note that consumers' shift toward electri…
By James GlynnSYDNEY--The Reserve Bank of Australia continues to warn that inflation remains materially above its target, with price pressures expected to mount further in the second quarter.In the minutes of its June 15-16 policy meeting, released Tuesday, the central bank noted that labor costs p…
New Zealand companies responded positively to early signs of a US-Iran peace deal and indications of cheaper fuel prices, according to Bloomberg.ANZ said the findings came from a survey showing improved business confidence as fuel costs appeared to ease.
Silver fell toward $57 an ounce on Tuesday toward its lowest levels in seven months, and was on track for a sharp monthly drop amid Middle East uncertainties and expectations that the US Federal Reserve will raise interest rates this year.The precious metal has declined more than 23% this month and…
Gold weakened below $4,000 an ounce on Tuesday to its lowest levels in nearly eight months, and was on track for a fourth consecutive monthly decline amid Middle East uncertainties and expectations that the US Federal Reserve will raise interest rates this year.The precious metal has declined more…
Australia’s private sector credit rose by 0.7% month-over-month in May 2026, matching the growth recorded in both March and April and slightly exceeding market expectations of a 0.6% rise.Housing credit, which accounts for 62% of total private credit, increased by 0.5%, easing from a 0.6% gain in t…
China’s non-manufacturing business activity index came in at 50.2% in June 2026, up 0.1 percentage point from the previous month, indicating a modest improvement in the sector’s overall conditions, according to 36Kr citing an interpretation by Huo Lihui, chief statistician at the Service Survey Cen…
China’s factory activity improved more than expected in June, returning to growth as booming exports helped offset cooling momentum in the domestic economy, according to Bloomberg.
By Megumi FujikawaTOKYO--Japan's finance minister renewed her pledge to stop excessive yen volatility, coming as the currency hit a nearly 40-year low against the dollar and investors remain on high alert for intervention."We will take appropriate action on currencies at any time as needed," Satsuk…
New Zealand’s ANZ Business Outlook Index surged to 36.6 in June 2026 from 10.0 in the previous month, marking the highest reading since February.Firms’ own activity outlook strengthened sharply (36.9 vs 25.6 in May), though past activity eased (9.0 vs 14.8) amid oil price shocks tied to Middle East…
Malaysia's economic growth is likely to moderate in 2H as higher costs, trade uncertainty and geopolitical tensions weigh on business activity and consumer spending, MBSB Research says in a note. However, private consumption could continue to drive growth, backed by a healthy labor market, wage gro…
By Joe CashChina's factory activity returned to expansion in June, driven by demand for chips, computers and other AI-related products, as robust export orders and front-loading to the United States to get ahead of tariffs offset weakness elsewhere in the economy.The data suggest global AI investme…
China's manufacturing activity expanded in June after remaining flat last month, thanks in part to resilient exports amid robust global demand for artificial-intelligence and green products.The official manufacturing purchasing managers index edged up to 50.3 this month from May's 50.0, according t…