7 January, 2016 by The TZ Newswire Staff Comments Off on China’s central bank guides the yuan a shade higher
China’s central bank guides the yuan a shade higher
The PBOC guided the yuan a shade higher Friday, reversing eight days of declines in the currency.
7 January, 2016 by The TZ Newswire Staff Comments Off on PBOC intervening to support yuan via state-owned banks – Traders
PBOC intervening to support yuan via state-owned banks – Traders
Reuters with the headline
Hmmm, well I reckon that headline is around 24 hours too late,
it was obvious in the CNH yesterday
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Meanwhile, China stocks back I positive for the session, up around 1.8%
7 January, 2016 by The TZ Newswire Staff Comments Off on Heads to roll over China stock market turmoil? Talk CSRC chief to resign
Heads to roll over China stock market turmoil? Talk CSRC chief to resign
Rumours about that the head of China Securities Regulatory Commission (CSRC) is to , errr … resign sry 😀
resing
more to come
7 January, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Tech CEOs to meet with U.S. officials over curbing terror online
The Wall Street Journal: Tech CEOs to meet with U.S. officials over curbing terror online
Senior Obama administration officials will hold high-level discussions with Silicon Valley CEOs on Friday, an escalation of their attempts to persuade the executives to do more to block terrorists from using the Internet to recruit and incite violence, according to people familiar with the plans.
read more
7 January, 2016 by The TZ Newswire Staff Comments Off on Zatlin: Markets Are Not Going to Like What’s Coming in 2016
Zatlin: Markets Are Not Going to Like What’s Coming in 2016
In Thursday’s podcast interview we spoke with the savvy head of Moneyball Economics, Andrew Zatlin, where he outlined three cycles converging in 2016 that he believes will be bearish for the market.Given his outlook, he felt investors should be raising cash and selling…
7 January, 2016 by The TZ Newswire Staff Comments Off on Asian shares in for worst week in four years on panic over China
Asian shares in for worst week in four years on panic over China
Asian shares are on course to post their biggest weekly fall in more than four years as investors dumped risk assets on fears over China’s economy and its turbulent financial markets. China announced late on Thursday it suspended its new stock market circuit breaker introduced only on Monday as the system failed to reduce market volatility, with some market players even saying it backfired.
7 January, 2016 by The TZ Newswire Staff Comments Off on China markets face make-or-break day as policy dumbfounds
China markets face make-or-break day as policy dumbfounds
Chinese markets face a day of high drama as share trading resumes with no automatic mechanism in place to restrict selling and the world watches to see if Beijing will allow its currency to fall yet further. The People’s Bank of China (PBoC) also wrong-footed traders by reportedly intervening heavily to defend the yuan in offshore trade, reversing a decline of more than 1 percent that took it to a record low of 6.7600 per dollar. The action was somewhat ironic since it was the PBoC that triggered the slide early Thursday by fixing the yuan at a much lower rate than many expected (CNY=SAEC).