Search Results for: Shanghai
UPDATE: US stock futures advanced; Asian stocks closed mixed; Stocks advanced in Europe
October 15th, 2019
US stock futures advanced, while Asian stocks closed mixed on Tuesday as markets tried to balance fading optimism over the latest US-China trade agreement with the likelihood of a Brexit deal by Thursday’s European Union summit. In South Korea, ...
China’s new digital currency
September 9th, 2019
China’s proposed new digital currency would bear some similarities to Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank officer said. Mu Changchun, deputy director ...
China or US?
September 9th, 2019
China has made some silly errors in its conflict with the US, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being backed into a corner over Huawei, trade tariffs and Hong ...
The financial war escalates
July 3rd, 2019
Behind the scenes, the financial war between America and China is escalating dangerously into a war to secure global financial resources. At a time of growing liquidation of dollar assets by foreigners, the US Treasury’s internal analysis will highlight ...
Cyber wars and all that
May 3rd, 2019
Behind the Huawei story, we must not forget there is a wider financial war being waged by America against China and Russia. Stories about China’s banks being short of dollars are incorrect: the shortage is of inward capital ...
Currencies threatened by a credit crisis
February 15th, 2019
In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top of the credit cycle, ...
Pound holds up against Dollar; Asian markets edged down Tuesday
January 22nd, 2019
Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall ...
Stocks across Asia kicked off the week with strong gains; Events investors focus on this week
January 7th, 2019
Stocks across Asia kicked off the week with strong gains after soothing Federal Reserve comments and an easing of monetary policy in China stoked a renewed appetite for risk assets. The dollar fell to the lowest in more than ...
Chinese Survey: 40% want to invest in Bitcoin, 98% know of Crypto
January 2nd, 2019
According to a survey conducted by PANews, routed through Chinese crypto-friendly media outlet 8BTC, 98.22% of those surveyed had heard of cryptocurrency technology, whether it be Bitcoin (BTC), Ethereum (ETH), or otherwise. The survey had 4,980 respondents, 4,200 of ...
Pound to Dollar rose, Euro little changed; Events investors will focus on in the coming days
December 20th, 2018
Stocks and U.S. futures tumbled in Asia, with Japanese equities sliding into a bear market as investors expressed concern about a lack of relief from the Federal Reserve’s monetary tightening. The sell-off that began Wednesday afternoon with Fed Chairman ...
