Chinese banks turned net borrowers of short-term funds for the first time in seven months, increasing issuance of negotiable certificates of deposit in a sign that the liquidity glut in the financial system may be starting to normalize. Onshore lenders raised a net 186.2 billion yuan ($27.5 billion) via NCDs in May, according to data compiled by Bloomberg. That marked the first month of positive n...
Chinese banks turned net borrowers of short-term funds for the first time in seven months, increasing issuance of negotiable certificates of deposit in a sign that the liquidity glut in the financial system may be starting to normalize. Onshore lenders raised a net 186.2 billion yuan ($27.5 billion) via NCDs in May, according to data compiled by Bloomberg. That marked the first month of positive net issuance since October, meaning sales of the short-term debt instruments exceeded maturities. The shift in the NCD market comes as the People’s Bank of China has sought to drain some of the excess cash that accumulated amid a sharp contraction in loan growth . Further, demand for liquidity typically rises ahead of half-year-end regulatory checks and reporting requirements. Analysts, including Tan Yiming of Tianfeng Securities Co., expect banks to rely more on market-based funding in June. As that happens, the cost of one-year NCDs may move in a range of 1.45%-1.50% this month, he wrote in a note Monday. That’s versus 1.435% on Friday, the lowest on record in data going back to 2015. The PBOC has withdrawn a total of 1.75 trillion yuan of medium- to long-term liquidity over the past three months through instruments with maturities ranging from three months to one year, according to Bloomberg calculations. In its latest quarterly report released mid-May, the PBOC reiterated a pledge to adopt “moderately loose” monetary policy and keep liquidity ample, while warning on the risks of imported inflation from higher oil prices stemming from the war in Iran. The message highlighted the delicate balance policymakers are seeking to strike between supporting economic activity and preventing liquidity conditions from becoming overly loose. The period of easiest liquidity conditions may have passed, and the central bank’s open market operations will have a greater impact on the money-market rates going forward as June tends to see seasonal tightness, Li Qinghe , analyst at Founder Se...
Russia banned exports of jet fuel through end-November to avoid shortages at home after Ukraine intensified attacks on the nation’s refineries. The decision, which will have little impact on international fuel markets, comes after drone strikes on refineries pushed Russia’s crude-processing rate to the lowest in more than 16 years . In an effort to curb the flow of petrodollars into the Kremlin’s ...
Russia banned exports of jet fuel through end-November to avoid shortages at home after Ukraine intensified attacks on the nation’s refineries. The decision, which will have little impact on international fuel markets, comes after drone strikes on refineries pushed Russia’s crude-processing rate to the lowest in more than 16 years . In an effort to curb the flow of petrodollars into the Kremlin’s coffers, Ukraine has targeted a wide range of energy assets including sea ports and pipelines. “The goal of the decision is to ensure a stable situation in the domestic fuel market,” the government said on its website. Russia isn’t a major player on the world’s jet fuel market. Last year, it exported an average of 30,000 barrels a day, or less than 2% of the global supplies, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. Daily average exports slipped to 28,000 barrels in the first four months of 2026, with Turkey being the main buyer, the data show. Russia is entering its summer vacation season, when demand for fuels typically rises. The Energy Ministry had already reimposed a ban on most gasoline exports from April 1, keeping more fuel for the domestic market. Rising prices at the pump can be a concern for the authorities, with costly gasoline triggering protests in the past, most recently in 2018.
For a company that built its fortune selling graphics cards to gamers, Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) has come a remarkably long way. It now dominates AI data centres with a stranglehold that has made chief executive Jensen Huang one of the most powerful figures in technology. But...
For a company that built its fortune selling graphics cards to gamers, Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) has come a remarkably long way. It now dominates AI data centres with a stranglehold that has made chief executive Jensen Huang one of the most powerful figures in technology. But...
Interest In Politics Often Ranks Low Interest in politics varies among countries and for many of the 34 nations surveyed by Statista Consumer Insights between April 2025 and March 2026, politics was in the bottom half of the most frequently named personal interests out of 18 surveyed . The topic ranked lowest in India (16 out of 18), Malaysia (16) and Saudi Arabia (16). As Statista's Anna Fleck sh...
Interest In Politics Often Ranks Low Interest in politics varies among countries and for many of the 34 nations surveyed by Statista Consumer Insights between April 2025 and March 2026, politics was in the bottom half of the most frequently named personal interests out of 18 surveyed . The topic ranked lowest in India (16 out of 18), Malaysia (16) and Saudi Arabia (16). As Statista's Anna Fleck shows in the chart below , the share of respondents naming politics as an interest also varied between countries where it ranked similarly. You will find more infographics at Statista For example, 20 percent of French people interested in politics constituted rank 15, while in Mexico rank 13 equated to 27 percent of respondents expressing an interest in politics. In the United States , 24 percent named politics and current events as an interest of theirs - rank 13 out of 18. The biggest share of people said they were interested in politics in Brazil and Finland, at 41 percent and 33 percent, respectively. The topic ranked highest in Germany at rank 7. Topics that were more popular than politics in all surveyed countries were sports, movies/music/TV, food and dining, as well as health and fitness. Travel was more popular in all countries except Thailand , where both were tied at 38 percent. The topic of VIPs and celebrities was consistently less interesting than politics across the board. Tyler Durden Mon, 06/01/2026 - 02:45
A huge crowd of supporters gathered peacefully near the Eiffel Tower on Sunday to celebrate Paris Saint-Germain's victory, which was marred by violent clashes overnight that led police to detain hundreds of people. (Image credit: Emma Da Silva)
A huge crowd of supporters gathered peacefully near the Eiffel Tower on Sunday to celebrate Paris Saint-Germain's victory, which was marred by violent clashes overnight that led police to detain hundreds of people. (Image credit: Emma Da Silva)
Hong Kong’s transport sector has called for faster cross-border immigration clearance procedures and an expansion of a popular scheme allowing local vehicles to enter Guangdong to include other mainland Chinese cities. The call was made on Monday after the Northbound Travel for Hong Kong Vehicles scheme, which took effect in 2023, was extended by five years to June 1, 2031. The scheme allows eligi...
Hong Kong’s transport sector has called for faster cross-border immigration clearance procedures and an expansion of a popular scheme allowing local vehicles to enter Guangdong to include other mainland Chinese cities. The call was made on Monday after the Northbound Travel for Hong Kong Vehicles scheme, which took effect in 2023, was extended by five years to June 1, 2031. The scheme allows eligible private car owners in Hong Kong to drive into Guangdong via the Hong Kong–Zhuhai–Macau Bridge...