28 March, 2016 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY central rate at 6.5060 (vs. Monday at 6.5232)
PBOC sets USD/CNY central rate at 6.5060 (vs. Monday at 6.5232)
The People’s Bank of China’s Monday reference rate was set at 6.5232, and, in case you’ve been away for Easter, Friday’s reference rate was 6.5223
In Open Market operations, the PBOC injects 60bn yuan today (via 7-day reverse repos)
28 March, 2016 by The TZ Newswire Staff Comments Off on Saudis To "Modernize" Economy As Interbank Rates Surge & Money Supply Collapses At Record Pace
Saudis To "Modernize" Economy As Interbank Rates Surge & Money Supply Collapses At Record Pace
For the first time since January 2009, 12-month Saudi interbank rates have breached 2.00% – double the 1% lows of August.
This ‘stress’ is also evident in the record pace of collapse of Saudi money-supply.
28 March, 2016 by The TZ Newswire Staff Comments Off on The US Election ‘Shame’ Of Thrones
The US Election ‘Shame’ Of Thrones
It appears George R.R. Martin’s best-selling book series has a lot of similarities to the ‘ice’ and ‘fire’ of the current election campaign. Two powerful families (the establishment vs Bernie and Trump) of liars and honest men (and women) playing a deadly game for control of the ‘kingdom’…
28 March, 2016 by The TZ Newswire Staff Comments Off on China SOE bond default – nasty news
China SOE bond default – nasty news
Via MNI comes this from 21st Century Business Herald
– State-owned Dongbei Special Steel Group announced on Monday it had failed to repay a one-year bond of CNY852 million, which included the principal and interest amounts due Monday
In a sad addition to the story:
28 March, 2016 by The TZ Newswire Staff Comments Off on Why some Chinese like Donald Trump
Why some Chinese like Donald Trump
Donald Trump has frequently criticized China but that hasn’t deterred the presidential candidate’s appeal among some Chinese.
28 March, 2016 by The TZ Newswire Staff Comments Off on Elliott Wave Update 28 March 2016
Elliott Wave Update 28 March 2016
28 March, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Yahoo gives potential buyers 2 weeks to submit bids
The Wall Street Journal: Yahoo gives potential buyers 2 weeks to submit bids
Yahoo Inc.