16 August, 2015 by The TZ Newswire Staff Comments Off on Despite tales of underemployed baristas, it still pays to get a college degree
Despite tales of underemployed baristas, it still pays to get a college degree
The low-wage recovery may have been overblown.
16 August, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: China still wrestling with market-economy transition
The Wall Street Journal: China still wrestling with market-economy transition
Turmoil in China’s currency and stocks has highlighted the anxiety the Communist Party feels over the power and dynamism that markets represent.
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16 August, 2015 by The TZ Newswire Staff Comments Off on ForexLive Asia FX news wrap: PBOC halts yuan devaluations today
ForexLive Asia FX news wrap: PBOC halts yuan devaluations today
Forex news for Asia trading Friday 14 August 2015
Monday
Japan Q2 GDP
Weekend
It was a quiet start to the week on Monday in Asia.
EUR/USD has lost a few points, Cable is more or less flat on the session, while USD/CHF gained a few points. A few Greece headlines over the weekend had only limited impact once the market opened and we await Europe and UK trade for impetus.
16 August, 2015 by The TZ Newswire Staff Comments Off on Craig Stephen’s This Week in China: And now for China’s great foreign-capital unwind
Craig Stephen’s This Week in China: And now for China’s great foreign-capital unwind
Among the many unknowns in China is just how much of its prodigious credit boom has been built on foreign capital.
16 August, 2015 by The TZ Newswire Staff Comments Off on NAB lower its AUD/USD forecast, says Fed hike not adequately priced
NAB lower its AUD/USD forecast, says Fed hike not adequately priced
The National Australia Bank has lowered its forecasts for the AUD/USD
Forecasts:
– December 2015, cut from 0.72 to 0.70
– December 2016, cut from 0.73 to 0.70 also
16 August, 2015 by The TZ Newswire Staff Comments Off on Japan – "There was nothing good in today’s GDP data"
Japan – "There was nothing good in today’s GDP data"
From Japan’s Cabinet Office earlier today we got the unwelcome news that Gross domestic product fell an annualized 1.6 percent from January-March
, and a
Link to the data is here
More now (via Bloomberg, any bolding is mine):
16 August, 2015 by The TZ Newswire Staff Comments Off on Asia dragged down by sagging China stocks, dollar holds gains
Asia dragged down by sagging China stocks, dollar holds gains
Asian equities were mostly lower on Monday, dragged down by faltering Chinese stocks, while the dollar held modest gains against the euro after upbeat U.S. economic data, with a further dollar rise seen as the yuan showed signs of stabilizing for now. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7 percent. The index added to last week’s loss of 2.6 percent suffered after Beijing devalued the yuan, buffeting global financial markets and fanning concerns about China’s economy.