25 June, 2017 by The TZ Newswire Staff Comments Off on People’s Bank of China sets yuan reference rate at 6.8220 (vs. yesterday at 6.8238)
People’s Bank of China sets yuan reference rate at 6.8220 (vs. yesterday at 6.8238)
USD/ CNY mid-point rate for Monday trade
On Friday the yuan was set against its basket at 93.22
– vs. previous Friday at 93.24
No open market operations today from the PBOC. In effect that is a drain of 50bn yuan due to maturities.
25 June, 2017 by The TZ Newswire Staff Comments Off on Airbag maker Takata files for bankruptcy in Japan and US, seeking $1.59B aid from Key Safety Systems
Airbag maker Takata files for bankruptcy in Japan and US, seeking $1.59B aid from Key Safety Systems
Troubled Japanese airbag maker Takata has filed for bankruptcy in Delaware and in Japan.
25 June, 2017 by The TZ Newswire Staff Comments Off on : Listen to this: Tesla may be getting into the streaming-music game
: Listen to this: Tesla may be getting into the streaming-music game
A new report said Elon Musk’s electric car company had contacted the major music labels about licensing a music service
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25 June, 2017 by The TZ Newswire Staff Comments Off on Poll: For all the thrill-seekers, where is the most volatile place to be right now?
Poll: For all the thrill-seekers, where is the most volatile place to be right now?
For this week’s trader poll, we want to know where you think is the most volatile place for traders to be right now.
25 June, 2017 by The TZ Newswire Staff Comments Off on Dollar sags as US yields stay low, rate hike expectations fade
Dollar sags as US yields stay low, rate hike expectations fade
The dollar sagged against its major peers on Monday, losing traction as U.S. Treasury yields stayed low.
25 June, 2017 by The TZ Newswire Staff Comments Off on The Hidden Motives Of The Chinese Silk Road
The Hidden Motives Of The Chinese Silk Road
Authored by YaleGlobal Online via OilPrice.com,
China’s Belt and Road Forum, hosted with great fanfare, signals the priority of this flagship connectivity initiative while also underlining its credentials as the new “shaper” of global trends and norms. Exhorting all countries to participate, Chinese President Xi Jinping suggested that “what we hope to create is a big family of harmonious co-existence.”
25 June, 2017 by The TZ Newswire Staff Comments Off on Italy making $5.8 billion in resources available to keep two banks open
Italy making $5.8 billion in resources available to keep two banks open
Italy Sunday made $5.8 billion of resources available to keep open two banks the ECB deemed “failing or about to fail.”