A group of budget airlines have requested USD 2.5bln in federal assistance in exchange for convertible warrants, WSJ reports citing sources
A request from budget airlines for $2.5 billion in federal assistance indicates significant stress in the aviation sector, potentially affecting recovery dynamics in the broader economy.
Chinese Industrial Profits (Mar) Y/Y 15.8%; industrial profits at large firms in March posted the fastest Y/Y growth since September 2025
Chinese Industrial Profits (YTD) YoY (Mar) Y/Y 15.5% (Prev. 15.2%)
A group of budget airlines have requested USD 2.5bln in federal assistance in exchange for convertible warrants, WSJ reports citing sources
PBoC injects CNY 218.5bln via 7-day reverse repos with the rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.8579 vs exp. 6.8282 (prev. 6.8674)
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This move may lead to increased scrutiny on government interventions and could shift sentiments in related investment assets, including equities and currencies tied to economic recovery prospects.
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