Tag Archives: bloomberg

Apple Inc.’s pulled thousands of gambling apps from its Chinese store after the nation’s state-run broadcaster accused the smartphone maker of dragging its feet on cleaning up banned content. Government-controlled media including China Central Television attacked Apple this month for hosting illegal and fake lottery-ticket apps, which they said resulted in massive losses for hoodwinked users. On Sunday, […]

As emerging markets take a battering from Turkey’s turmoil, sending stocks and bonds toward their lowest this year, traders are positioning themselves to ride out the pain. Traders pushed down the value of emerging market assets Monday as Turkish assets sank, before stabilizing on Tuesday. The carnage in Turkey added to an already fragile landscape […]

The People’s Bank of China is tackling a problem it rarely had to worry about until recently — persuading banks to lend the money they have. Thanks to the central bank turning on the liquidity taps, the cost for banks to borrow from one another is now lower than the cost to borrow from the PBOC, […]