12 August, 2015 by The TZ Newswire Staff Comments Off on China Devalues Yuan For 3rd Day To 4 Year Lows, Argentina Suffers Losses & Japan Escalates Currency Race-To-The-Bottom
China Devalues Yuan For 3rd Day To 4 Year Lows, Argentina Suffers Losses & Japan Escalates Currency Race-To-The-Bottom
China stocks are lower and for the 3rd days in a row PBOC devalues the Yuan Fix (now down 4.65% in 3 days). Even before this evening’s date with debasement history, Japan felt the need to step up the currency war rhetoric. Following disappointing Machine Orders data, Abe advisors Hamada warned that “Japan can offset Yuan devaluation by monetary easing,” and so the race to the bottom escalates.
12 August, 2015 by The TZ Newswire Staff Comments Off on People’s Bank of China (PBOC) sets yuan reference rate at 6.4010
People’s Bank of China (PBOC) sets yuan reference rate at 6.4010
People’s Bank of China (PBOC) sets yuan reference rate 6.4010
– Prior fix (Wednesday) was at 6.3306
– Wednesday’s close was 6.3858
Slow to come to us today … its often a minute or two after 0115GMT … sure was today
12 August, 2015 by The TZ Newswire Staff Comments Off on US authorities probe Dean Foods-Mickelson link: Report
US authorities probe Dean Foods-Mickelson link: Report
U.S. authorities are investigating whether the former chairman of Dean Foods leaked inside information that made its way to golfer Phil Mickelson, the WSJ reported.
12 August, 2015 by The TZ Newswire Staff Comments Off on Frontier Communications: 5 Keys to Its Future Success
Frontier Communications: 5 Keys to Its Future Success
The rural telecom company has ambitious plans for its new acquisitions, but can it deliver on earnings and dividend growth?
12 August, 2015 by The TZ Newswire Staff Comments Off on Goldman Sachs liken PBOC yuan move to the Swiss National Bank EUR/CHF policy change
Goldman Sachs liken PBOC yuan move to the Swiss National Bank EUR/CHF policy change
Brief comments from Goldman Sachs likening the People’s Bank of China’s changes to the yuan exchange rate regime to the SNB’s removal of the ‘peg’ in the EUR/CHF in January
12 August, 2015 by The TZ Newswire Staff Comments Off on 6 Years And One Witch Hunt Later, Goldman Changes Its Mind On "Secret Sauce" Software
6 Years And One Witch Hunt Later, Goldman Changes Its Mind On "Secret Sauce" Software
For anyone who didn’t read Flash Boys or who hasn’t otherwise apprised themselves of the history behind the proliferation of the parasitic, vacuum tubes that have embedded themselves between real buyers and sellers in order to extract a tax on each and every trade in the name of “providing liquidity”, you might have missed out on the sad story of Sergey Aleynikov, the Russian computer programmer and target of a six-year Goldman witch hunt.
12 August, 2015 by The TZ Newswire Staff Comments Off on JPMorgan Chase’s Exposure to China in 2 Charts
JPMorgan Chase’s Exposure to China in 2 Charts
The U.S. megabank has $17.7 billion in China-related assets.