PBoC considers permitting commercial banks to participate in offshore yuan trade
Jun 22, 2016 06:31 am UTC| Commentary Central Banks
On Tuesday, the Peoples Bank of China (PBoC) mentioned that it is considering permitting onshore commercial banks to take part in offshore yuan trade. This is the central banks another action to internationalize the yuan...
New Zealand bonds close mixed on growing 'Bremain' hopes, weak Chinese manufacturing PMI
Jun 22, 2016 06:29 am UTC| Commentary
The New Zealand government bonds closed mixed on Wednesday as the recent polls showed Brexit fears among investors started to fade, boosting risk sentiments. On the contrary, investors preferred to stay risk-averse after...
FxWirePro: Sterling likely to reach 1.6 without Brexit
Jun 22, 2016 06:11 am UTC| Commentary
Though it is next to impossible to predict that which side will prevail in the referendum, the Remain or the Exit, recent news flows and supports may have changed the mood among the public, especially the undecided voters,...
Fed Chair Yellen hints dovish note at US semi-annual testimony
Jun 22, 2016 06:06 am UTC| Commentary Central Banks Economy
Federal Reserve Chairperson Janet Yellen hinted at a dovish note while speaking at the United States semi-annual testimony on Capitol Hill on Wednesday. The chairwoman said that the Fed would remain cautious on raising...
Mexican economic growth recovers modestly; domestic private consumption key driver
Jun 22, 2016 05:51 am UTC| Commentary Economy
Based on Mexicos monthly indicator of economic activity, there is modest recovery in the countrys growth environment. The Mexican economy is likely to average at an annualized growth rate of 2.6 percent in 2016-2017, said...
Australian bonds weaken on improved risk appetite
Jun 22, 2016 05:27 am UTC| Commentary
The Australian government bonds plunged Wednesday as investors cooled on safe-haven instruments amid gains in riskier assets including crude oil and equities. Also, rising Bremain support in the latest poll and the RBAs...
China consumer confidence edges down in June
Jun 22, 2016 05:22 am UTC| Economy Commentary
China ANZ-Roy Morgan consumer confidence edged down in June on the backdrop of ongoing global worries surrounding Brexit and slow growth in the Chinese economy. However, the slight decline in Junes figures does not...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects