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RMB Chinese currency

China, the Hollow Dragon

17/08/2015(0)
In terms of profitability and trade-generated wealth, China is a hollow dragon. It is widely assumed that manufacturing (a.k.a. the world’s workshop) is the source of China’s wealth. But ... Read More
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HSBC predicts Gold prices will end the year as much as 10 percent higher than current levels

17/08/2015(0)
Cheer up, gold bugs: HSBC predicts a year-end recovery The precipitous downturn in gold has taken the market to levels not seen since March 2009 but low prices may ... Read More
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Dollar Gains as Yuan Fallout Continues for Emerging Assets

17/08/2015(0)
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge ... Read More
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PwC Report Reviews State of Global Financial Market Liquidity

14/08/2015(0)
The Global Financial Markets Association (GFMA) and the Institute for International Finance (IIF) today released a comprehensive new report from PwC on the state of global market liquidity, produced ... Read More
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Greek lawmakers back 3rd bailout after all-night debate

14/08/2015(0)
Greek lawmakers approved their country’s draft third bailout in a parliamentary vote Friday that relied on opposition party support and saw the government coalition suffer significant dissent. The vote ... Read More
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Greece to get 6 billion euros in bridge loans if no agreement at Eurogroup

14/08/2015(0)
Greece could get 6.04 billion euros in bridge financing if euro zone finance ministers cannot agree on the planned third bailout for Athens when they meet on Friday, according ... Read More
interest rates

Welcome to the world of ZIRP zombies

14/08/2015(0)
Interest rates in the US, Europe and the UK were reduced to close to zero in the wake of the Lehman crisis nearly seven years ago. Initially zero interest ... Read More
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Oil Prices Slide to 6½-Year Low

14/08/2015(0)
Concern about Chinese demand after yuan’s devaluation pressures crude prices Crude-oil futures on the New York Mercantile Exchange dropped to a more-than six-year low Friday on escalating concerns about ... Read More
Asian-Market

Asia stocks drift as yuan stable for second day

14/08/2015(0)
Asian stock markets drifted Friday as China’s currency stabilized for a second day, easing uncertainty about its direction after an unexpected devaluation earlier in the week. KEEPING SCORE: Japan’s ... Read More
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China’s Yuan Rate Rises for First Time Since Devaluation

14/08/2015(0)
The yuan halted a three-day slide after China’s central bank raised its reference rate for the first time since Tuesday’s devaluation and said it will intervene to prevent excessive ... Read More
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