China’s short-term money rates jump on tighter month-end cash conditions

S.Korean game producers chase NFTs in real-money boost for players and firms

SHANGHAI, Nov 30 (Reuters) – China’s short-term money rates spiked on Tuesday amid tight liquidity conditions in money markets, as financial institutions sought cash to meet month-end administrative requirements.The volume-weighted average of seven-day repo traded in the interbank market rose more than 12 basis points to 2.3732% — the highest level since Sept. 29.The volume-weighted … Read more

Japan working on release of oil reserves after U.S. request – sources

Japan working on release of oil reserves after U.S. request - sources

A branch of Cosmo Energy Holdings’ Cosmo Oil service station is seen in Tokyo, Japan, December 17, 2015. Picture taken December 17, 2015. REUTERS/Yuya Shino/File PhotoRegister now for FREE unlimited access to reuters.comRegisterTOKYO, Nov 22 (Reuters) – Japanese officials are working on ways to get around restrictions on releasing national reserves of crude oil in … Read more

China downgrades diplomatic ties with Lithuania over Taiwan

China downgrades diplomatic ties with Lithuania over Taiwan

BEIJING/VILNIUS, Nov 21 (Reuters) – China downgraded its diplomatic ties with Lithuania on Sunday, expressing strong dissatisfaction with the Baltic State for allowing Taiwan to open a de facto embassy there and raising tensions in a row that has dragged in Washington.China views self-ruled and democratically governed Taiwan as its territory with no right to … Read more

China condemns ‘money worship’, corruption of reform era in key document

China condemns 'money worship', corruption of reform era in key document

BEIJING, Nov 16 (Reuters) – China’s ruling Communist Party slammed the “money worship”, “extreme individualism” and corruption that emerged in the four decades since the country opened up, calling for stronger party leadership and moral discipline in a key resolution released on Tuesday.The document strengthens President Xi Jinping’s dominance of the party ahead of what … Read more

Turkish lira hits record low after Erdogan seeks expulsions

Turkish lira hits record low after Erdogan seeks expulsions

A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey October 12, 2021. REUTERS/Cagla GurdoganISTANBUL, Oct 24 (Reuters) – The Turkish lira weakened 1.6% to a record low against the dollar in early Asian trade after President Tayyip Erdogan said he had ordered the expulsion of the ambassadors of the … Read more