Search Results for: Central bank of China
Gold Above One-Month Low as U.S. Economy Assessed With Rates
August 4th, 2014
Gold traded above a one-month low after three weeks of losses as investors weighed the health of the U.S. economy against the outlook for higher borrowing costs. Silver climbed from the lowest level in six weeks. Gold for immediate ...
Week in FX Asia – BOJ Defends Inaction Strong USD Provides Breathing Room
August 1st, 2014
BOJ Defends Its Assessment of the Japanese Economy Bank of Japan Governor Haruhiko Kuroda defended the bank’s positive assessment of the economy on Friday. Data release out of Japan have been weak and prompted an assurance from the BOJ ...
European Shares Swing Amid Earnings as Euro, Oil Retreat
July 31st, 2014
Europe’s benchmark equity index fluctuated amid mixed earnings, while the euro traded near a nine month low versus the dollar. Banco Espirito Santo SA shares were suspended after it said it will need to raise funds while emerging-market stocks ...
Asian Equities Extend Six Year High
July 30th, 2014
Asian stocks rose for a fourth day, with the regional benchmark index extending a six-year high, before the Federal Reserve updates markets on monetary policy today and as the U.S. and European Union strengthened sanctions against Russia. Honda Motor ...
After the Dollar
July 28th, 2014
It is symbolic that the recent BRICS summit in Fortaleza, Brazil, took place exactly seven decades after the Bretton Woods Conference that created the International Monetary Fund and the World Bank. The upshot of the BRICS meeting was the ...
USD/HKD remains bullish as HKMA Buys $690 Million
July 28th, 2014
Hong Kong’s de facto central bank bought $690 million on July 25 to defend the city’s 31-year-old peg to the U.S. dollar as it expects demand for the local currency to continue. “Having regard to the on-going listings, mergers ...
Asia stocks drop after earnings hurt Wall Street
July 28th, 2014
Asian stocks faced a drop in Wall Street and hovered near three-year highs on Monday, with China taking the lead after data showed a robust jump in profits earned by industrial firms in the world’s second-largest economy. The dollar ...
Policymakers warned of persistent risks as accountancy bodies publish five-year “healthy check” of the global economic recovery
July 21st, 2014
Threats to long term economic stability remain as countries recover from the global economic crisis, according to a five year review of finance professionals’ economic insights. Any recovery may also be limited to just a few “islands of financial ...
Asia follows Wall St. higher, euro probes lows
July 17th, 2014
Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger ...
Hedge-Fund Boutiques Show Dubai Nurturing Oasis Trading: Cities
July 16th, 2014
When Ahmad Zuaiter started a frontier-markets hedge fund, the former Soros Fund Management LLC money manager chose Dubai over New York and London. Zuaiter’s Jadara Capital Partners LP and VY Capital Management Co. Ltd. opened in the emirate in ...
