The PBC Spokesman Answered More Press Questions on the RMB Exchange Rate
August 12th, 2015
1. Why does the central parity of RMB exchange rate against US dollar change nearly 1.6% on 12 August from that of 11 August? The central parity of RMB exchange rate against US dollar changed nearly 1.6% (in depreciation ...
‘Brexit’ fears haunt London’s roaring trade in euros
July 22nd, 2015
If there is a symbol of British ambivalence to Europe then it may be the euro itself. The capital of euro trading prospers outside the euro zone, but London’s dominance of the $5.3 trillion-a-day foreign exchange market could wane if ...
Fed ready to raise rates – what will be the impact on the US and global economies?
July 15th, 2015
One of the biggest economic events of 2015 is likely to be the US Fed hiking up its policy rate later in the year, say PwC economists. Assuming this happens, its importance lies not only with the impact this will ...
A guide to China’s stunning stock market crash
July 13th, 2015
In China, local stock markets, which rose to dizzying heights over the past year, plummeted back to Earth last week. They then rebounded sharply on Thursday and Friday, as the Chinese government worked to restore faith in the markets. ...
Greek debt crisis: Where do other eurozone countries stand?
July 9th, 2015
Eurozone leaders are back in Brussels to discuss how to deal with the growing debt crisis in Greece. Greek voters overwhelmingly rejected the terms of an international bailout on Sunday. Although some countries are keen to strike a compromise, ...
Greece is bad but this is worse. The Chinese stock market
July 9th, 2015
The twin fears of China and Greece will hang over markets Thursday with China increasingly the bigger concern. “There’s definitely an issue if we see a further correction in the Chinese stock market,” said Russ Koesterich, BlackRock’s chief investment ...
Citigroup: Here’s Our Five-Step Plan to Solve the Greek Crisis
July 8th, 2015
For six years the Greek crisis has unfolded in a predictable pattern: Greece needs money. Euro area leaders don’t want to give it to them without imposing tough conditions. Brinkmanship ensues, followed by some sort of ineffectual compromise. And repeat. According ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
Federal Reserve issues FOMC statement
June 18th, 2015
Fed: Information received since the Federal Open Market Committee met in April suggests that economic activity has been expanding moderately after having changed little during the first quarter. The pace of job gains picked up while the unemployment rate ...
Is The Age Of Negative Interest Rates Ending Already?
June 12th, 2015
History teaches that long trends end only when everyone is finally convinced that they’ll keep going. Maybe no trend in modern times has been as convincing as interest rates. The yield on long-term Treasury bonds, for instance, has been ...
