BEIJING — China lowered the trading range for its currency for a fourth day on Thursday, showing its potential for use as a trade weapon against Washington, but the exchange rate steadied following … (…
Monthly Archives For August 2019
Brexit and US-China trade war hits major property provider
One of the world’s largest property providers, Savills (SVS.L), revealed that Brexit uncertainty and the ongoing US-China trade war is hitting its bottom-line. In the group’s half year results, for … ( read original story…
China’s yuan weakens after signs of stability calm markets
Washington responded by declaring officially that China improperly manipulates its exchange rate, opening the way for possible sanctions. On Tuesday, central bank officials told foreign companies “the … ( read original story …)
China’s Yuan Fix Is Unmissable These Days for Currency Traders
(Bloomberg) — China’s central bank is under pressure to issue its weakest currency fixing in more than a decade, a move that risks spurring more losses in the yuan. The People’s Bank of China set…
China’s Official Yuan Rate Crosses 7-Per-Dollar Milestone
China set a daily anchor for trading in its currency at the weakest level since 2008 on Thursday, crossing the symbolic 7-per-dollar threshold that the central bank had already allowed markets to … ( read…
China Scoops Up More Gold for Reserves During Trade War
China’s central bank expanded gold reserves again in July, pressing on with a run that stretches back to December. The People’s Bank of China raised holdings to 62.26 million ounces from 61.94 million … (…
China c.bank denies rumors about interest rate cuts
BEIJING — China’s central bank on Wednesday denied, and dismissed as untrue, rumors circulated online about its decision to cut the benchmark deposit and lending interest rates from August 10 … ( read original story…
Circulating in China’s financial system: more than $200 billion in IOUs
China’s trade war with the United States has escalated in … the government is clamping down on other ways that property companies raise money, like through the shadow banking system. Property … ( read original…
China fixes yuan below 7.0
In its daily yuan fixing operation, the Peoples Bank of China adjusted the mid-value of the yuan to 7.0039 per US dollar, the first time it has been below 7.0 per dollar since April 2008.…
Three scenarios: From mild to ‘scorched earth,’ how the U.S.-China trade war could hit Canada and the Canadian dollar
The escalating U.S.-China trade war threatens to sideswipe Canada’s economy and the Canadian dollar. The impact may not be huge, but it comes at a crucial time as Canada tries to pick up after a…
Imagine Owning China Demeter Financial Investments (HKG:8120) And Trying To Stomach The 95% Share Price Drop
Long term investing works well, but it doesn’t always work for each individual stock. We don’t wish catastrophic capital loss on anyone. Imagine if you held China Demeter Financial Investments … ( read original story…
Nestle starts selling Starbucks-branded coffee in China
“Right now the overall soluble coffee in China is growing between 3-5% (a year) and we believe that by bringing this exciting new business opportunity we should be able to grow faster than that ……
Reading Toni Morrison in Beijing
The fact that I had read Toni Morrison before I left China in 1996 seems a miracle in retrospect. I was a college student in the early 1990s, and a frequent visitor to Beijing Foreign…
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