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CNY is no longer the 'one-way bet' of the past: Standard Chartered

Feb 27, 2015 10:02 am UTC| Commentary

Quotes from Standard Chartered: -We have a short-term Neutral and medium-term Overweight FX weighting on the CNY. Given Chinas subdued growth-inflation mix and evolving BoP dynamics, the CNY is no longer the one-way bet...

Weak China data and fear of an FX policy shift weighing on CNY: Standard Chartered

Feb 27, 2015 09:57 am UTC| Commentary

Quotes from Standard Chartered: -USD-CNY onshore spot rates ended the Year of the Horse within a whisker of the top of the onshore trading band. This was the first time the CNY traded soclose to the edge of the band since...

Oil prices look set to tread water next week: Commerzbank

Feb 27, 2015 09:46 am UTC| Commentary

Quotes from Commerzbank Corporates Markets: -Over the course of February, the price of Brent oil has recovered to levels above USD 60 per barrel, with the US benchmark WTI trading at a high discount, at USD 50, owing to...

Underlying weakness in EUR/USD remains intact: Commerzbank

Feb 27, 2015 09:43 am UTC| Commentary

Quotes from Commerzbank Corporates Markets: -In the week ahead, the focus will primarily be on inflation data in the euro area. Here, the situation should also have eased somewhat. We expect prices in February to be down...

Ten-year Bund yields should remain capped around 0.40%: Commerzbank

Feb 27, 2015 09:40 am UTC| Commentary

Quotes from Commerzbank Corporates Markets: -Regardless of greater risk appetite, the ten-year German benchmark yield yesterday marked a new all-time low at 0.28%, while seven-year Bunds were trading in negative...

BoC likely to keep rates unchanged at next week's meeting: Commerzbank

Feb 27, 2015 09:36 am UTC| Commentary

Quotes from Commerzbank Corporates Markets: -Despite solid and more broad-based growth in recent quarters, the Bank of Canada lowered its key interest rate by 25 basis points to 0.75% in January, referring to the...

Fed likely to adjust its statement as soon as the meeting on 17/18 March: Commerzbank

Feb 27, 2015 09:31 am UTC| Commentary

Quotes from Commerzbank Corporates Markets: -The Chairwoman of the Federal Reserve Board, Janet Yellen, has cautiously prepared markets for the normalisation of interest rates. In her Monetary Policy Report to Congress...

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Economy

China Halts Investments in Europe Amid New Tariffs on EVs

China Halts Investments in Europe Amid New Tariffs on EVs China has directed its automakers to pause significant investments in European countries backing new tariffs on Chinese-made electric vehicles (EVs). This...

Sumitomo Corp Reports 11% Drop in Net Profit Amid Weak Coal Prices

Sumitomo Corps Financial Update Japanese trading house Sumitomo Corp reported a net profit of 254 billion yen (approximately $1.7 billion) for the six months ending September 2024. This figure marks an 11% decrease...

BYD Reports Strong Q3 Growth with 11.5% Profit Increase Amid EV Surge

BYDs Impressive Q3 Performance Chinese electric vehicle (EV) manufacturer BYD announced an 11.5% increase in net profit for the third quarter of 2024, fueled by strong sales and government trade-in incentives. The...

Thailand's Economic Growth Projections for 2025: A Positive Outlook

Thailands Economic Growth Projections for 2025 Thailands economy is poised for a 3% growth in 2025, building on an expected 2.7% growth in 2024, according to the finance ministry. This positive trend is fueled by...

China’s Non-Manufacturing Activity Rises in October, Easing Economic Concerns

Chinas Non-Manufacturing Activity Shows Growth in October Chinas non-manufacturing sector, covering both services and construction, showed a slight expansion in October, providing a glimmer of hope for policymakers...

Politics

‘Garbage or Nazis?’ Gov. Tim Walz Defends Biden’s Remarks on Trump Supporters—‘He Was Very Clear!’ Critics Demand Apology

Minnesota Governor Tim Walz is facing backlash after defending President Joe Bidens recent comment that referred to Trump supporters as garbage. In his statement, Walz, who recently compared Trump supporters to Nazis,...

‘America’s Going to Love It!’ Elon Musk Teases ‘Fun’ Second Trump Presidency—‘It’s Gonna Be Awesome!’ Sparks Mixed Reactions

In a tweet that has stirred up strong opinions across social media, billionaire Elon Musk shared his take on a potential second presidency for former President Donald Trump, calling it the most fun America has had in a...

‘A System Flaw Exposed!’ Non-Citizen Voting Incident at University of Michigan Sparks Outrage—‘Ballot Will Still Count!’

A 19-year-old student from China, enrolled at the University of Michigan, faces charges of illegal voting and perjury for allegedly casting a ballot in the 2024 U.S. election. The case has ignited a firestorm of...

U.S. Election Officials Brace for Disruptions Amid Misinformation and Threats

Heightened Security Measures in Key Battleground States Ahead of Election Day With the U.S. election just days away, officials across crucial battleground states like Philadelphia, Detroit, and Atlanta are...

Science

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Just 21 Minutes of Cycling a Day Is 'All You Need' for Total Health, Claims Expert

John Vinton, CEO of Aventon Bikes, insists that just 21 minutes of cycling each day can drastically enhance your health. This simple yet transformative practice can lead to a multitude of benefits, including reduced risks...

Urgent Alert: New COVID Variant Causes Alarming Symptoms—You Must Know This!

The UK is experiencing a rise in COVID-19 cases, with the UK Health Security Agency (UKHSA) confirming that the XEC strain of the virus is spreading. This variant, a combination of the KS.1.1 and KP.3.3 strains, is...

Technology

Big Tech’s Soaring AI Spending Raises Investor Concerns Ahead of Amazon's Earnings Report

As Meta and Microsoft ramp up AI investments to fuel growing demand, Wall Street is expressing concern over the impact on Big Techs profit margins. After reporting increased AI spending, Microsofts shares dropped 3.6% and...

Tesla Leads California EV Market with 54.5% Share Despite Rising Competition

Tesla continues to lead Californias electric vehicle market, holding a 54.5% share in 2024, according to recent data from the California New Car Dealers Association. Despite rising competition and a slight decline in...

Shiba Inu Gains Robinhood’s Attention: SHIB’s Epic Journey Through the Meme Coin Spotlight

Robinhoods recent post traces the ascent of major meme coins, casting a spotlight on Shiba Inus unprecedented community-driven growth. Highlighting SHIBs impact on meme coin culture, the platforms update underscores SHIBs...

Shiba Inu's 6 Trillion Token Shift Breaks October Record, Sparks Market Debate on SHIB’s Next Move

A record-breaking shift of 6 trillion Shiba Inu tokens within 24 hours has ignited speculation among SHIB watchers. With Octobers highest volume in large transactions recorded, analysts are debating if this movement...
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