10 August, 2015 by The TZ Newswire Staff Comments Off on PBOC answers questions on improving the yuan setting procedure
PBOC answers questions on improving the yuan setting procedure
Here’s the full text link from the PBOC’s “Improving Quotation of the RMB Central Parity”
I’ve highlighted Point 3 here ….
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The PBOC does not want to see large capital outflows …. and read with that context in mind, the last bit of the statement there sounds a little to me like the approach authorities took with stock market short sellers. Reads to me like a threat not to accelerate capital outflows.
10 August, 2015 by The TZ Newswire Staff Comments Off on Outside the Box: Google founders’ personal and financial reasons for creating Alphabet
Outside the Box: Google founders’ personal and financial reasons for creating Alphabet
The company’s mission statement needs to be replaced by an investment strategy, says Jan Dawson.
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10 August, 2015 by The TZ Newswire Staff Comments Off on US dollar extending gains against EUR, AUD, NZD following yuan devaluation
US dollar extending gains against EUR, AUD, NZD following yuan devaluation
Moves are extending a little more after the earlier moves
EUR, GBP down a little more.
But it’s the AUD that’s been hit the hardest, and that’s extending more as I update:
10 August, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Officials declare state of emergency in Ferguson
The Wall Street Journal: Officials declare state of emergency in Ferguson
St.
10 August, 2015 by The TZ Newswire Staff Comments Off on Shanghai Composite barely moving after the PBOC yuan ‘adjustment’
Shanghai Composite barely moving after the PBOC yuan ‘adjustment’
Moves pretty much across the board in the wake of the and then the big from the People’s Bank of China.
Chinese data earlier
cut in the yuan
Well, all except for Chinese stocks …
10 August, 2015 by The TZ Newswire Staff Comments Off on Don’t Be Fooled By The Political Game: The Illusion Of Freedom In America
Don’t Be Fooled By The Political Game: The Illusion Of Freedom In America
10 August, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: China moves to devalue the yuan
The Wall Street Journal: China moves to devalue the yuan
China’s central bank moved to devalue the yuan Tuesday as the world’s second-largest economy continues to sputter.
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