26 October, 2015 by The TZ Newswire Staff Comments Off on As China ‘Buys Low’ To Build SPR, Washington Forced To Sell Strategic Crude To Meet Budget
As China ‘Buys Low’ To Build SPR, Washington Forced To Sell Strategic Crude To Meet Budget
The signs of regime change are everywhere. From embarrassment by Russia’s success in Syria to China’s creation of its own ‘World Bank’ and SWIFT alternative, the trend of de-empirization are growing, but tonight’s news that Washington will sell oil from its strategic reserve in order to meet budget constraints and avoid default (as China takes advantage of low prices to build its own reserves) is simply stunning in its analogy of the shifting world order.
26 October, 2015 by The TZ Newswire Staff Comments Off on AUD, CAD, NZD lower … yen up
AUD, CAD, NZD lower … yen up
AUD, NZD, CAD all a little lower in late morning Tokyo time
Meanhwile the yen is on session highs against the USd (i.e. USD/JPY on its low) and EUR/JPY lower.
26 October, 2015 by The TZ Newswire Staff Comments Off on Goldman in talks on $50M fine for NY Fed leak: Report
Goldman in talks on $50M fine for NY Fed leak: Report
Case concerns ex-employee leaking confidential materials from the New York Fed, The Wall Street Journal reports.
26 October, 2015 by The TZ Newswire Staff Comments Off on Fear Of The Walking Dead: The American Police State Takes Aim
Fear Of The Walking Dead: The American Police State Takes Aim
26 October, 2015 by The TZ Newswire Staff Comments Off on PBOC has cut the 7-day reverse repo rate by 10bps
PBOC has cut the 7-day reverse repo rate by 10bps
People’s Bank of China offers at 2.25%
down 10 bp, 1st time since August
(On Friday:
China announces surprise interest rate cuts
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26 October, 2015 by The TZ Newswire Staff Comments Off on PBOC’s Ma Jun says interest rate & exchange rate remain the focus of financial reforms
PBOC’s Ma Jun says interest rate & exchange rate remain the focus of financial reforms
The China Securities Journal with comments from Ma Jun, chief economist of the People’s Bank of China’s research. This via MNI:
– Interest rates and exchange rates will remain the focus of financial reforms during the 13th five year period (2016-2020)
Says two other important tasks yet to be done:
26 October, 2015 by The TZ Newswire Staff Comments Off on Asia turns cautious as central bank decisions loom
Asia turns cautious as central bank decisions loom
Asian share markets paused for breath on Tuesday after a four-week romp higher, as investors took cover ahead of central bank meetings in the United States and Japan later in the week. Moves were modest with MSCI’s broadest index of Asia-Pacific shares outside Japan off 0.07 percent. Japan’s Nikkei (.N225) dipped 0.1 percent, though remained near a two-month high.