China's primary money rates fell
this week as demand for cash for regular tax payments eased
after the month end, with traders awaiting November credit data
for potential clues on further policy easing.
The country's central bank made no net injections or drains
into money markets for a record fifth consecutive week.
While skipping daily reverse repurchase operations, the
People's Bank of China effectively rolled over 187.5 billion
yuan ($27.26 billion
European Union governments backed on Monday a proposal that could force systemic foreign clearing houses with operations in the EU to relocate to the bloc if they want to continue servicing their EU clients, a statement said.
European Union governments
backed on Monday a proposal that could force systemic foreign
clearing houses with operations in the EU to relocate to the
bloc if they want to continue servicing their EU clients, a
China's primary money rates
rose only marginally this week as month-end cash demand was
somewhat offset by ample liquidity in the financial system.
The People's Bank of China (PBOC) skipped reverse repos for
the entire month, not making any fresh cash injections or
withdrawals in the past 26 trading days, as liquidity level was
"relatively high" as the government stepped up spending towards
month-end, it said in a statement on Friday.
"Liquidity was quite
Accused Russian agent Maria Butina appeared poised this week to plead guilty in the case, after her lawyers and prosecutors filed a joint motion asking a federal judge on Monday to schedule a change of plea hearing this week. Vanessa Johnston has the story.
The U.S. Supreme Court's reluctance to take up new cases on volatile social issues is putting it on a collision course with President Donald Trump, whose Justice Department is trying to rush such disputes through the appeals system to get them before the nine justices as quickly as possible.