Renminbi Series: China’s forex reserve swells to highest level in 2017
Jun 07, 2017 08:42 am UTC| Commentary
China, which has the biggest foreign exchange reserve in the world, registered a fourth consecutive monthly increase in the reserve according to data released by Peoples Bank of China (PBoC) today. Chinas foreign exchange...
Global Geo-political Series: Saudi Arabia reportedly given Qatar 24-hour ultimatum
Jun 07, 2017 08:17 am UTC| Commentary
There is a report circulating in the media since yesterday that Saudi Arabia has given Qatar, which is at the center of recent brawl in the Middle East a 24-hour deadline to meet 10 conditions, which includes putting an...
Central Bank of Taiwan likely to stay pat at the Q2 policy meeting by month-end, says DBS Bank
Jun 07, 2017 08:07 am UTC| Commentary Central Banks Economy
The Central Bank of the Republic of China (Taiwan) (CBC) is expected to stay pat at its second-quarter monetary policy meeting, scheduled to be held by the end of this month. The overall inflation picture remains benign,...
Jun 07, 2017 08:00 am UTC| Commentary
The US President Donald Trump has called for Unity in the Gulf, while siding with Saudi Arabia in the recent conflict that erupted this week as five countries, Saudi Arabia, Egypt, Bahrain, United Arab Emirates, and the...
Global Geo-political Series: Australia warns China against meddling in its affairs
Jun 07, 2017 07:10 am UTC| Commentary
A diplomatic rift opened up between China and Australia over concerns that China has been buying influence by using rich businessmen to funnel millions of dollars in donations to political parties. Australia is currently...
Global Geo-political Series: US media looks to blame Russia for Middle-East crisis
Jun 07, 2017 06:40 am UTC| Commentary
A diplomatic brawl erupted earlier this week as five countries, Saudi Arabia, Egypt, Bahrain, United Arab Emirates and the fragile government in Yemen severed diplomatic ties with Qatar accusing the latter of supporting...
New Zealand bonds close higher after dairy prices ease at overnight GDT auction
Jun 07, 2017 06:18 am UTC| Commentary Economy
The New Zealand closed on the upside after dairy prices eased at the countrys latest GlobalDairyTrade (GDT) price auction, held earlier today. However, prices rose for the sixth consecutive time, albeit at a moderate...