iron ore stock exchange, china's iron ore imports rose to nearly 117 dollars per ounce, and in this regard, analysts believe that the promising information of the central bank of china regarding the economic growth trend and support packages for the housing market of this country. iron ore raised america to follow the economic statistics beyond expectations also contributed to the increase in prices, while the iron ore inventory of steel makers this week decreased by 1.1% to 85 million tons . european scrap was finalized and turkey added that the price of imported scrap in 2080 will continue its downward trend and reach from 375 dollars to 367 dollars per ounce. at the end of last week , its export billet to the black sea decreased by 18 dollars and reached 462 dollars. in the domestic market of china , it is increasing and $491,499 per ton of doors the import receipt factory also became cheaper by 5 dollars and reached 475 times at the end of last week's trading . the average price of export rebar decreased by 5 dollars and registered a price of 540 dollars per ton in shanghai, which was also upgraded from 507,2529 dollars per ton in the market. the interi

yes, the central bank of china announced in a speech that the volume of digital currency transactions in this country, which is called digital yuan, reached 1.81 trillion at the end of june 9, equivalent to 250 billion dollars. the volume of these transactions was around 100 billion in august last year. the value of digital yuan in circulation has also reached 16 and a half billion tomans, equivalent to 229,100 billion dollars, which, of course , accounts for only 16 hundred percent of the total cash in circulation in china . from companionship in his youth, the development and reconstruction of the shrine of imam hussain, peace be upon him, is in the development phase of the aqeela bani hashem court. the stage of the managers of the side is only a title to advance the work , and after the completion of the final design, the aqeel stage will be chosen in 158 thousand square meters . for the interior decoration of the interior view, this interior decoration is used a combination of the plaster of ganj baz itself becomes more detailed and open again into different parts with a combinati

management become transferred in and other countries believe that the central bank of india or for that much of the central bank of china or the central bank of gotcha, we operate in a totally joslet and manner and allow the country to be fairly convertible, unless that confidence in the international system grows, i think the, the vehicle order. and finally, the fact is that if you, if you dig the united states under european economies as a whole, uh, they still a lot of very, very agile band, a very big part of the international. so capital system trading system investment system. so i don't think a is this going to be an easy challenge to replace the bottom and grow the euro again? but yes, added the dentist in fact, did monopoly in a sense is being dented very clearly and open the company. and that is the bog down, which i think of all the countries eventually, especially the big ones. we want to go as having some breaks for amendments. as you know, the next brick summit is coming up at the end of august, a trade turnover between other bricks, countries and gulf stays is continuing to grow. what does the benefit sol

nearly $117 per ounce advanced and in in this regard, analysts believe that the hope of the central bank of china regarding the economic growth trend and support packages for the country's housing market will increase the price of iron ore, although the decline in the value of the us dollar following the economic statistics beyond the expected level also helped to increase the prices . that iron ore inventory of steelmakers has decreased by 1.1 percent this week and has reached 25 million tons , the value of scrap in the import and export market of turkey has decreased and part of the european deals have been finalized, he added that the import of 2080 will continue its downward trend and from $375 to $367 each at the end of the week, the ounce of billet billet exported to the black sea was accompanied by a weekly decrease of $18 and reached $460 in the growing chinese domestic market and $491,499 per ton . imported billet became $5 cheaper and reached $475. at the end of last week's trading, the average price of rebar for export decreased by 5 dollars and reached 540 dollars per ton. banks also

of china. a central bank has also been replaced. katrina, you brings us the details from badging. a speculation had been mounting king don't have nothing to reset a time of intense diplomatic activity for china. he was last seen in public meeting with vietnam's foreign minister in june. but then he had missed number of high level visits by us officials at a time when begging and trying to stabilize times of washington deals and miss earlier this month in asia in for administered meeting. and the reason given for him not participating at the time was ill health. now, this decision or announcement of jen guns removal was given after releasing by tried his national people's convers standing committee on tuesday. it was decided that he would be replaced by actually his previous test, one each. now this is an enormous shot guns wise and the communist party had been drafted and get the age of 57. he was one of the youngest officials ever to be named foreign minister. of course he only held by the way, for 7 months. uh he was name for me in december. and before that, he was trying his and

weeks, sparking speculation about his health and his whereabouts also replaced as the governor of china central bank. katrina, you has more on chin gung from badging. there's been a lot of speculation as to his whereabouts for a long time. now move the bar. mystery here has been dodging questions as saying that they don't have any information. the only sheets of information that we had about. so his absence from a flurry of diplomatic activity was when he failed to participate in the aisy and for administer meeting in the casa earlier this month. and they sent one the, the top to provide, who was now to farm this day instead. and they simply said that he was absent the health reasons. so this is extremely shocking. he was a very high level of the minister in the chinese communist party with his state council a and also seen as trusted ally and adviser for presidency to us. and israel doctors and medical workers has gone on a 24 hour strikes of protests against the parsons of the devices, which addition to the new legislation prevents the supreme court from other government decisions. the changes hav

central bank. obviously the naming of the central governor role was after he was named secretary of the central bank. haidi: jon luther, bloomberg's greater chinaditor. we will continue to get analysis and track the ski story ahead of china's markets reopening this wednesday. strategy risk ceo isaac stan: joins us to share his views. coming up, we count down to the fed's rate decision. economies remain divided over whether the fed will continue its aggressive hiking path. we will have an interview with the university of michigan. this is bloomberg. ♪ the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com >> the biggest threat remains inflation. we have had some good news on growth. we revised upward a little bit and there was quite a bit of resilience in the global economy especially in the first quarter, but the momentum is slowing down and this is why at the end of the day, the revision is not stronger than it i

the people's bank of china — the central bank there — sets the midpoint fixing for the currency.e within the 2% range. recently, that midpoint has been fixed higher to tackle the slide of the currency. earlier i spoke to galvin chia of natwest markets who told us what's behind this. two big forces are going on one domestic and one external, the domestic and one external, the domestic one is the interest rate differences. you get a lot more on your currency and your deposits if you convert to a foreign currency and put it elsewhere rather than china. that is preventing lots of companies that lets it have receivables, income, inforeign country currency receivables, income, in foreign country currency for converting a currency wassup and pushing it outside. the other component is outside the market, where i mentioned this is your interest rate differences, the outlook on goat not as hot as it was, expectations of where the economy is going is subdued, so it's not convincing for financial institutions and investors to put their money in the first or in this case is clear they would r

in beijing, yellen had direct talks with china's economic leadership and the leadership of china's central bank. she said china was on the steadier footing despite significant disagreements. she also said this. >> president biden and i do not seek see the relationship between the u.s. and china in great power conflict. we believe the world is big enough for both of our countries to thrive. >> reporter: within hours of that statement, u.s. president joe biden appeared to have more pointed words to share, especially about xi jinping. was in to this clip from his interview with fareed zakaria. >> you think he wants china to replace the united states as the lead defining power? >> i think he does. i am confident he wants to have the largest economy in the world, and the largest military capacity in the world. >> janet yellen's trip marked the second visit by a u.s. cabinet official to beijing in recent weeks as the u.s. helps to stabilize the relationship. tensions have flared over a number of issues including trade, issues like access to technology, and yellen reiterated that the u.s. is not seeki

a governor of china central bank has also been replaced katrina, who is in beijing. so katrina, what happened? i mean 1st the foreign minister just drops off the radar. nobody knows where he is for a month and then mysteriously we find out he's been replaced. that's what speculation had been mounting. king john had not been seen for weeks at a time. the intense diplomatic activity for china. he was last seen in public meeting with vietnam's foreign minister in june. but then he had missed number of high level visits by us officials at a time when bathing is trying to stabilize ties of washington hills and miss earlier this month in asia, in a foreign ministers meeting. and the reason given for him not participating at the time was it will help. now this decision though, or announcement of guns removal was given after a meeting by tried his national people's congress standing committee on tuesday. it was decided that she would be replaced by actually his previous one. you know, this is an enormous shot guns wise and the communist party had been erected and each york,

help myself, because i was in china i i saw that everything there, uh, is subordinated to a single goal to imagine that the head of the financial bloc or the central bankds. with us, this sounds like a normal practice, as the financial bloc speaks about with all the successes that it itself celebrates. he says that this year it is possible, and maybe already we will see that the growth of the russian economy will end. then they say that we, uh, should cut government spending. and we have no other driver and economy. i can see something stupid, that is, they predict. no, i'm not in that, they are meteorologists, that is, they look at economic development. how's the weather, right? so they still do not understand that they, in particular, should be responsible for ensuring that this growth is, if they say, oh, it seems there will be no growth, but they got up and wrote a statement. i ask you to dismiss me due to a complete misunderstanding of the current moment, the number of the signature, according to the constitution, the central bank does not responsible for economic development. well, change it into the constitution because the people who wrote only

, ditching the us and dollar as intermediary. china also has similar deals as brush up pakistan and several other countries. in february, the central bank of the rack announced the plans to allow trade with china to be settled directly in the u on currency for the 1st time to improve its access to foreign currency. those are defend the dollar, and say, rumors of its dest are greatly exaggerated. point out the greenback is an entrenched incumbent and widely trusted as a safe haven. but it's a confidence based on the past, give a false confidence regarding the us dollars future. joining me out to discuss the geopolitical and market analyst as well as the publisher of the gold goats and guns newsletter and a blog tom lou long ago. tom, thank you so much for joining me. thank you for having me. so i had to ask, is the dominance of the us dollar at risk, and who would we consider the major competitors to the us dollar currently as well? it is, there are a lot of rest as you pointed down your opening. but at the same time, those risk in the near term are more mean than reality. right? uh, global the dollar sol settles, 90 percent of global trade

streets, ditching the us dollar as intermediary. china also has similar deals with russia, pakistan, and several other countries. in february, the central bank of the rack announced the plans to allow trade with china to be settled directly in the u on currency for the 1st time to improve its access to foreign currency. those are defend the dollar and say rumors of its debts are greatly exaggerated. point out the greenback is an entrenched incumbent and widely trusted as a safe haven. but is a confidence based on the past give a false confidence regarding the us dollars future. joining me out to discuss it, geo political end market analyst, as well as the publisher of the gold goats and guns newsletter and a blog tom long ago. tom, thank you so much for joining me. thank you for having. so i had to ask, is the dominance of the us dollar at risk, and who would we consider the major competitors to the us dollar currently? well, it is, there are a lot of risk as you pointed out in your opening. but at the same time, those risks in the near term are more mean than reality. right? uh, global the dollar sol settles, 90 percent of global trade. most f

of the uk. china points the new head for its central bank as top of the more support for the economy.st quarter. hello and welcome to asia business report. hello and welcome to asia business report. let's hello and welcome to asia business report. let's begin this morning in china because while the removal of its foreign minister has been making headlines, beijing has listed a new header for its central bank. taking the helm of the time of the chinese economy is single slumping activity. the top decision—making body in beijing had also earlier pledged to shore up support for the economy. earlier, ispoke shore up support for the economy. earlier, i spoke with explained the direction of the chinese central bank and what they could not take.

we haven't gotten big broad measures of china stimulus but maybe that will eventually support chinese equities. what china is doing in terms of the central bank is so different than the ecb, the fed. kristine: you see that divergence in policy out of china versus the rest of the world which is still on that tightening path. that reflects a lot of concern that the post-covid lockdown recovery isn't delivering that positive global growth story, that domestic growth story china was hoping for. i feel like at this point in time, there is not enough reason for them to deploy that big bazooka of stimulus yet. but they are definitely on guard. they want to make sure that the markets are poised for that. because we're not seeing that come through. dani: the other top story i really want to talk about is bonds. the market has been so strange, lizzy. lizzy: what would we do without you, dani? it was all about jobs data last week, it is all about inflation data this week. but no relief to start the week for bond investors. 10 and-year yields climbing this morning, highest levels this whole year. dani: i come back to how we are this market is. the yield

officials, she will be meeting with the premier, the former vice premier, the former head of the china central bankas well as american businesses. we don't know exactly who yet with the businesses, but american businesses doing business in china. so it is full of policy chats. but really we don't expect -- the expectations are fairly though for any decisions being made between the two countries. but given that it is the world's two biggest economies, it is really viewed as important that they are sitting down to talk. secretary yellen was supposed to come earlier. and given the spy balloon incident and some other things, some tensions that arose, she didn't make it here yet, but we did see secretary of state blinken here several weeks ago. and we just got word today that john kerry, the environment envoy, will be going in, maybe as soon as a week. so this is clearly an attempt by both administrations to try to calm some tensions, even though in the policy sense, they are upping them. the chinese, of course, announced export controls this week, really curtailing exports of some key metals that the u

the capital of the prc at a meeting with his chinese counterpart krasnov recalled that china was one of the first in the world to start introducing the digital currency of the central bankrussia followed suit on tuesday, the state duma adopted the relevant law following the meeting , the prosecutor general signed an updated agreement on cooperation, the departments of russia and china will continue to exchange experience on the most pressing issues, hold joint events and jointly engage in professional training for employees thanks to russian president vladimir vladimirovich putin, chairman of the people's republic of china xi jinping. and our countries are rapidly strengthening practical cooperation. in all areas. our bilateral relations are currently unprecedented at a high level . rospotrebnadzor has drawn up a protocol of temporary ban on the production and sale of products of the new trinity dairy plant, a decision was made to withdraw all its products from circulation , it was they who could become a source of poisoning for 36 children in kindergartens in orsk, now four children remain in the hospital, who were allegedly poisoned by locally produced yogurt of all m

she last night finished a dinner with an incoming head of china's central bank. at ended a very busy the most busy day for the treasury secretary in this country. she had the much anticipated meal china's new vice premier. at this meeting supposed to last three hours, went on for about five hours in opening remarks a secretary pointed to a record amount of bilateral trade in 2022 as the reason for not decoupling adding this. i also believe the united states and china should seek a relationship reflecting economic competition that is not winner take all. but with a fair set of rules that would benefit both progress or trade debt if it heavily favors china and the readouts a secretary yellen raised concerns and it was a comprehensive candid and constructive meeting. the new vice premier took a pointed approach even mentioned what he called simple incidents like the air happen causing difficulties the relationship progress authorized by president xi jinping at as the principal official of the chinese economic trade issues with united states i stand ready to work with

streets, ditching the us dollar as intermediary. china also has similar deals with russia, pakistan, and several other countries. in february, the central bank of the rack announced the plans to allow trade with china to be settled directly in the u on currency for the 1st time to improve its access to foreign currency. those are defend the dollar, and say, rumors of its dest are greatly exaggerated. point out the greenback is an entrenched incumbent and widely trusted as a safe haven producer confidence based on the past give a false confidence regarding the us dollars future. joining me out to discuss it, geo political and.

those inflationary pressures from china gives you the picture central banks have to start cutting at some point. guy: china might be about to pick up. maybe some of the base effects are going to drop out. what is to say you are not going to get a re-acceleration at year end? should you be buying duration now, but then at year end, you are going to think about selling it? eddie: you have vacancy rates sitting at high levels for quite a long period. you are starting to see that feedthrough into pricing. you kind of need that supply-side pushing to get the inflation narrative going. once it starts coming off, it becomes self-fulfilling. i am hopeful we see rates overall coming down. alix: i will throw another wrench into the thing here. sure. when is the best time or where is the best ability to buy duration? the u.s. inflation and your guises inflation, totally different. -- your guy's inflation, totally different. guy: the bank may have started hiking rates earlier but it didn't commit earlier and that is proving to be problematic. the china thing i find interesting. if we get to the end of the year and china has massively stimulated its economy,

bank of america and citigroup challenge the fed's projections for their future income after their own estimates differed from the central bank's results. plus, chipmakers in focus as china restricts exports of key metals escalating the tech standoff the united states. welcome to the program. happy fourth of july if you are celebrating. cash u.s. equities and treasuries will be closed but we do have plenty of other important indicators of economic data to cut through, starting off with the s&p 500 mini. originally lower and the two-day performance on the s&p 500, we saw u.k. bank stocks rising and giants lift dividends after the stress test. we sawtek once again outperforming. let's get to treasuries. we have a raging debate between morgan stanley and bill dudley over what is going to happen with the bond markets. we have one view of dudley saying they are looking at 4.5%. morgan stanley thinks the yield curve is on course for 2% or 3% while some describe the bond market selloff is far from over. we call it the long end of the two is the parent -- of the tooth. we are parsing the language that came through from the ecb's novel making it clear that the series of interest

appointment, he had already been given the job of communist party secretary at the bank, meaning he'll be essentially accumulating both top jobs at china's centralonscious about containing financial risks, and also because of his scholar background, he has quite a market—oriented mind. so i have no doubt that the manager policy will have a meaningful turn in the coming months. but whether it'll very different from before, i have doubts, because maintaining economic stability is their number one key. we'll see more expansionary monetary policy, but it won't be very aggressive. so the question seems to be the extent to which pan gongsheng will change the policy, certainly taking the role at a very delicate time for the chinese economy, the post—pandemic —— post endemic economy is faltering, and youth unemployment is currently at record highs. at the same time, at the property sector, local banks are riddled, that's why they've promised more policy support for the economy, so definitely we can expect pan gongsheng to be a key part of beijing's attempts to steer at the world's second largest economy to a more healthy path. thank you very much. now,

beating's handling on beating's handling of its currency however china says the reason it is so low is because of the us federal reserve raising interest rates. the central bankd the cost of borrowing study last month after ten straight hikes. more rate hikes but at a slower pace, that is the message from the american central reserve. policymakers intend to raise interest rates as soon asjuly after taking a break last month to assess the impact of ten previous increases. while fed officials seem to be in agreement for what to do next meeting minutes released on wednesday showed there was disagreement amongst members over the decision to hold off injune. they could have supported a rate rise last month because inflation remains well above the 2% target. the minutes show how policymakers aren't grappling with how to tame inflation after it hit aao year high last year. even after left the benchmark rate unchanged, almost all officials believe more rate hikes are needed. ahead of thejuly meeting, there are two more key pieces of economic data that is due out. the monthlyjobs report on friday and consumer inflation data next week. facebook�*s parent company meta h

the central bank is switching to paying for imports from china in yuan. this was the news of the economy. stay with us mood to you and have a good day. the morning broadcast on tv channels belarus 1 and belarus 24 continues the program zone x. i am violetta sokolovich. hello. they wanted to earn extra money, but it didn’t work out, firstly, a weak business plan, and secondly, the employees of the frunze police department were referring to crime. minsk found two guys 18 and 19 years old. there is information that young people could steal from the store, 13 jeans park for 700 rub. judging by the records from the surveillance camera in the fitting room, the young men were removed from the goods against the painted clips and are invisible. as it seemed to them, the defendants left the store and planned to sell what was stolen for an internet trading platform, but were detained by police officers; in the past , there were no dark spots in the biography of young people in the form of administrative and criminal liability. but now they seem to have appeared. will continue to release

of more economic stimulus for china. we will have more with rebecca choong wilkins momentarily, battles where we're breaking for more central bankisions out of the u.s., europe and japan later this week. the feds two-day policy meeting starts today, we're expecting a quarter point hike but the focus is on the path ahead. we perhaps all the consequences of aggressive tightening yesterday in those weak european pmi data. that fueled a bond rally led by boone's, even though and the u.s. manufacturing improved. that was enough to keep treasuries under pressure, sending yields higher. as we wait for those rate decisions, attention returns to earnings. today we have 24 companies reporting on the stoxx 600, worth about 1.4 trillion dollars in market cap. microsoft and alphabet will take center stage in the u.s. we have remy cointreau first-quarter sales in line with expectations. first-quarter sales falling 35% organically. this is the cognac maker, consumer confidence absolutely crucial for remy cointreau. the pace of the china economic recovery key for this brand. the question is whether that could offset weakness in the u.s., and wh

haidi: china's top legislative body is going to discuss official personnel changes as investors weigh clarity on the new central bank governor and the whereabouts ofn bloomberg's asia government and politics correspondent. rebecca, what sort of personnel changes are we talking about here, and i guess the implications at such a tenuous time for the chinese economy, the pboc is one we are watching very closely. >> this is quite unexpected, just a one-day meeting for the national people's congress standing committee. this is the body that when the full npc is an in session, is responsible for formally appointing and removing figures. it's important into counts. the first is whether we see the extension of --, who's is expected to take on that stock -- top job at the pboc. the second is china's foreign minister who's been out of the public eye since june 25, being very closely watched, and there's a couple of options today with that meeting, so either we hear that nothing changes, in which case we no mention of him, in which case he's likely to still be that minister for another month, two months or indefinitely, but it really depends on what is going

for the recession in germany were the energy crisis , the drop in demand from china, the tightening of policy, the central bankslowdown in industrial production. why would this be a characteristic sign of economic stagnation - this is a sharp drop in steel production. in the first half of the year , the indicators of steel mills in germany fell by more than 5% to the level typical for a pandemic. and a very short exchange rate dollar is 90 rubles. 9 kop. for the euro. we'll have to pay 99 e rubles and 69 kopecks. roman artyom thank you, we continue. oncoming detachments from all over the country are going to a large construction site on the far eastern railway. uh, pave the way to provide electrification of the main line help is very important. they say experts at the site in one of the districts in the khabarovsk territory. now students of the irkutsk polytechnic university are working. what tasks were set for them and what impressions did the guys have from such a labor journey? lyudmila smirnova found out so many young faces. the highways of the far east have not been seen, perhaps since the construction of

it has obviously been impacted by the entire monetary policy from central banks, but certainly, china as well. that lack ofrebound that many were expecting post the lockdown measures be eased has really disappointed. it will take some time for perception to be reset, and that will drive, i suspect, the direction of commodity prices but oil specifically. it's actually been more about the supply issues in the market. obviously, all the focus has been on those opec production cuts, but we have actually seen better than expected output from a lot of other sources which have probably gone a little unnoticed. i think it has eased the tightness in the physical market and really resulted in a lack of signals to investors that things could get potentially tight. those being obviously the output from russia which has clearly outperformed against expectations. but other ones like iran, venezuela have all been pumping a little more oil into the market. it has just gone unnoticed amidst those announced cuts from opec and saudi arabia. haidi: on the demand side, what about india? there are all signals that that is marke

holding company to put them under the purview and direct regulation of the people's bank of china the chinese centralank as well when you look at the path there, there has been back to the ipo, there has been positive signs in that direction in january. it was given permission to increase the registered capital for the consumer finance business of the that is seen as a sign the central bank was happy to expand. that is key. when we look at the ipo, it is not something that will happen, but they need to get the financial holding company up and running and they need to beregu. maybe a few months down the line if this fine is done and the road map to a.n.t. becoming compliant with the pboc is in place, then those conversations will start happening i know through the process, i've been speaking to my sources in the investment banking space in hong kong. they are saying we have not heard anything yet much is going on as of yet the focus is, as i understand it, a.n.t. group is figuring out what the pboc wants and working toward that and then those conversations will come back of course, the market is not g

kathleen hays with what is going on with central banks and potentially waiting for shock out of chinaconversations about stimulus. we're waiting for key eco-data from china on tuesday. manufacturing pmi number expected at 9:40 five beijing time amid concerns over a weaker recovery. the top economic planning agency is looking to boost consumption and is stopping short of providing support to increase spending. take a listen. >> the momentum is not solid. some consumers lack confidence and has many concerns. the consumer experience in some areas is not good. this requires further policy stimulus. pausing decisions of the central committee and the state consulate. they are seeing together with other relevant departments have conducted in-depth analysis and plans to formulate a series of policies to promote recovery. >> in addition china state has called on policies to ensure a healthy development of property markets. let's talk through all of this with managing editor malcolm scott. housing not for speculation has been notably removed. does that mean we could see speculative buying? is i

there's a couple of the things that china, you know, erica could have been done uh, better and you know, so the numbers ends up being a little bit disappointing. and last month's the central bank cut, it's a benchmark lending rates by 10 basis points. is there more stimulus coming? hm. probably, yes, the inflation is very low. so a china kind of forward to cut down uh, interest rates. uh, even further, right. the p. p. i was down uh is down uh 5.5 percent. the cpi is also close to 0. so, so there is enough room if uh, if um you want to up the monetary stimulus, the, that's the doable china as there's a leeway. but there are concerns about mounting debt and china. you do not share these so yeah, so those are definitely uh there. um there's different uh, parts of the economy that are in depth. it, for instance, uh you have the, the local governments, no sierra solution would be to have a, some sort of deck swap with the central government because the local governments are distorting the economy. so that could be a solution. we haven't heard anything in this regard. you also have the larger corporations who are, who are wanting that good. it is a, it is a concern, not thomas, aft

of the uk. hello and welcome to asia business report. china appoints a new head for the central bankstart of earning season for big tech. oath make alphabet and microsoft have reported strong profits for the last quarter. —— alphabet. welcome to asia business report. let's begin this morning in china because while the removal of its foreign minister has been making headlines, beijing has listed a new governor for its central bank. taking the helm of the time of the chinese economy is single slumping activity. the top decision—making body in beijing had also earlier pledged to shore up support for the economy. earlier i spoke to someone who explained the direction the bank could take now. he explained the direction the bank could take now. he has a reputation _ bank could take now. he has a reputation of _ bank could take now. he has a reputation of reputation i bank could take now. he has a reputation of reputation and i reputation of reputation and compliance and is

lower-than-expected improvement of china's economy, as the largest importer of gold , has caused a decrease in the precious industrial metal. therefore, traders expect the central bank of america to raise interest rates in the meeting. increase later this month, but analysts contrary to the traders, the market predicts that this trend will soon be realized that this point can benefit the world metals market, especially gold , the production factor of amin, sed and sima news agency, according to the latest statistics of the world bank, access to urban drinking water in our country is 99 and 83 percent, and rural water is 99 percent. 82% is stated, while the access to urban drinking water in the asian region is 83% and the rural sector is 69%. there are two aspects of this report that are important. it is also considered in the region, and the more interesting point is the speed of supply iran's water is considered to be among the leading countries, which indicates that the effect of the recent opening of water supply projects for better access to this vital element for the dear people of our country, and the minister of energy said in the unveiling ceremony of the co

meanwhile, shares of ali baba have dropped today. china's central bank the group with a nearly $1 billion fine for violating government's consumer protection and money laundering violations. you would think that would be a bad thing but maybe not. first of all, i loved your report this morning on squawk on janet yellen and the reception to her there. i was just getting home from a redeye flight from seattle and got to hear that. let's talk about this ali baba group situation. is this just the last step before letting and group just fee and finally grow and do? >> yeah. exactly. this is really seen as the end of a three-year long probe into it. even though this fine is really big, there are some positives there and that is one of the reasons we saw alibaba's shares rally. the other reason is that the spine was a little bit less than expected. it is $985 million. so a little bit less than the 1.1 or $1.2 billion that people were expecting. however, ant was fined and 10 cent was also fined. what was interesting was the commentary around it where the central

of the timing? mark: the china central bank were aggressive today.n a way you can see why they chose today to do it because for the past week they have been trying to set dollar you one below 7.15, and overnight trading. the first thing this morning in asia come on dollar you want on the offshore market was 800 pips away from yesterday. that is far too much from the central bank point of view. they were left with how aggressive they want to be. this time around they set the difference between what traders were expecting, and where they actually said it, more than 600 pips, the biggest move this year. people are starting to think about last october and november when they were doing similar big moves to make sure people understood the yuan should not be we can further. then it started to turn around and each of the other currencies with it. we sell the dollar we can across the board. also what played into the hands of the central bank today was that we had a large option expiring at 7.2. when the central bank started to move the market, it went through

lower-than-expected upgrade of china's economy the title of the largest importer of gold has caused the price of this precious industrial metal to decrease, therefore, they expect the central bank of america to increase the interest rate at the meeting at the end of this month, but market analysts, unlike traders, predict that this trend will stop soon, which this article can for the benefit of the world metal market, especially the carrier tawheed amin, sed and sima news agency, the export of 17 and a half million dollars of star oil products in the energy exchange, the export hall of the iran energy exchange, monday witnessed the trading of 30,000 tomans of light weight and 6,000 tons of liquefied gas of the persian gulf star oil company with the value of these transactions was more than 17,600,000 dollars, about 723 billion tomans in the export hall, also 939 laleh 502 isfahan oil refining, a happy transaction in the domestic hall, 7,000 tomans of belding oil and aisa cartons, and more than 8,900 tons of methanol were bought. the sale of devices, the value of all energy exchange transactions was more than 10,000 billion rials . is in charge of the world it has made recommend

counterparts, the premier, the vice premier, the minister of finance, the head of the central bank to talk about the u.s. chinaconomic relationship and is a potential for the relationship to continue despite areas where clearly there will be still added restrictions, whether china's export restrictions like we just saw, restrictions on two key components for manufacturing electric vehicles. as well as semiconductors. that is a restriction that secretary yellen said justified the u.s. government seeking to diversify supply chains, so we are not so the hold into the chinese stranglehold on rare earth and other critical minerals that go into manufacturing. the two sides talking to one another about the need to put in place with the u.s. says is a small yard, hyphens set of restrictions on certain elements of trade and investment but should not impede the rest of the economic relationship, which secretary yellen herself said, overwhelmingly, most elements of trade and investment should be able to continue. in that sense, this again was very positive for business communities, to hear that, when of course there are

of hours. let's get over to asia with tonya chen. how are equities looking? tonya: asian shares today broadly higher, but a really big week for central bank meetings. let's start with the laggards. china more on the downbeat today, looking -- investors looking for more later this week. most economists are expecting a disappointment although they seem may be signals of progrowth, maybe suggestions of moderation around it for straight -- around interest rates. in drc is rolling out private sector projects. clearly officials are trying to take smaller steps to restore investor confidence but china bulls may have to be patient for longer. also a mention of the property shares today. they are also a little under pressure. the property sector has been scrutinized around liquidity concerns. the wanda group potentially able to meet one of the bills that are due. on bank of japan, they are not expected to make any changes around why cc this week, they are seen as the outlier. however, we expect why cc will be discussed and the yen and assets are doing much better today. the yen around the 141 handle. lizzy: we keep a close run on that print. time for our roundtable with as always valerie and m

central bank pond on chang. currently a destiny governor is expected to know. take over the top jobs of the people find china. the portland is seen of assign the chinese leadership is concerned about a week. economic growth test was never close to half a 1000000 electric vehicles. and the 2nd quarter of this year, that's a more than a percent increase compared to the year before the sales booth was fueled by us federal products, which helps make its electric vehicles more affordable. because light is also expected to hit record sales, and china is 2nd largest marcus after north america. oil prices are all softer savvy arabia said it was extending an oil production costs of $1000000.00 barrels per day. meanwhile, russell says it's funding to reduce its are ready, limited exports. the moves are part of a wider attempt to stabilize markets which continue to be placed by russia's warn you, crane, and to china, full tank, post pundum. recovering that for, for picking drones to algorithms designed to pinpoint the perfect time for pollination is really companies are increasingly in pricing, innovative solutions and