Chinese government acts to mitigate growing financial risks stemming from the country's real estate market slowdownThe Chinese economy grew less than expected in the second quarter.Last week, when China's GDP rose by 0.4% compared to the same period in 2021, iron ore prices suffered a strong devaluation, retreating to the lows of the year.Market analysts had expected a 1.2% rise in Chinese GDP.The impact on commodity prices is justified by the prospect of lower demand for iron ore, copper and other metals consumed on a large scale by China.A nod from the government, however, was enough for the price of these metals to recover today.China's banking regulator is moving to mitigate growing financial risks stemming from the country's slowing housing market and a number of small banks embroiled in a liquidity crisis.The China Banking and Insurance Regulatory Commission announced today that it will ask banks to provide the credit that qualified real estate developers need to complete unfinished residential projects.The entity also announced that studies were being carried out to prepare a plan to fill future funding gaps for these projects.The idea is to engage local governments and other regulatory bodies with the aim of getting construction companies to complete the works.The government's nod comes after borrowers from different regions of China rebelled and decided to suspend payments on late-delivery home mortgages.Deliveries of houses and apartments were recently delayed amid the growing funding shortage facing China's construction sector.The prospect of resumption of works in China led to a recovery in the prices of metallic commodities today.Iron ore futures on the Dalian and Singapore exchanges rebounded above the $100 mark.However, lingering fears over Covid-19 have limited gains.In Singapore, it rose 3.7% at $100.05 per tonne, rebounding from the eight-month low of $96 per tonne recorded on Friday.On China's Dalian Commodity Exchange, the most liquid iron ore contract due in September closed up 2.2% at 679 yuan ($100.63) a ton, recovering from the lowest in seven months in the previous session.Vale's action follows the movement.VALE3 was up more than 2% around noon, flirting with the R$70 per share mark.However, they ended up losing steam and closed at 0.53%, quoted at R$ 68.73.CSN's shares (CSNA3) rose by more than 3%, but ended the day with a smaller advance, 1.23%, at R$14.01.*With information from Estadão Conteúdo.I will no longer be satisfied with the ridiculous gains I am getting today in my applications.I wish I had someone extremely qualified – and with no conflict of interest – to help me invest.But I don't have the assets of Jorge Paulo Lemann.And now?In the lawsuit, the complainants allege that consumers who own branded devices are forced to use only Apple Pay for contactless payments.The deal went up on the roof after the billionaire officially announced that he was withdrawing from the $44 billion purchase of Twitter on the grounds that there is no reliable information about fake accounts on the platform.A simple apple is perhaps one of the most versatile symbols in history.The same fruit, for different gods, could be life or death.Wisdom or fertility.The sacred tree of the Garden of the Hesperides or Eden.The key to the discovery of gravity and the doom of Eve (and White […]The Ibovespa felt the impact of the change in mood in New York, but the advance of iron ore and oil sustained the index.Petrobras Eligibility Committee judged that two names nominated by the government had conflicts of interestWe use cookies to store visitor statistics, personalize ads and improve your browsing experience.By continuing, you agree to our cookie policies