Rush for exit sky rockets Yuan Hibor
Jan 12, 2016 07:07 am UTC| Commentary
The trade of last week, which unsettled world stock market last week, to sell offshore Yuan and Buy onshore Yuan ended in a rush today. First sign was already visible in Mondays trading, when cost to borrow or short Yuan...
China market volatility increases global economic concerns
Jan 11, 2016 21:16 pm UTC| Commentary
The Year 2016 starts with the huge volatility in the second largest economy- China. Apart from the China issue, free fall of oil price increases the worries on Global economy. The extreme volatility was experienced in FX,...
Jan 11, 2016 16:32 pm UTC| Commentary
Renewed volatility in China, following weaker-than-expected economic data and lower PBoC guidance for Yuan rattled stock markets. Sharp declines in Chinese equities and other Asian bourses followed weaker Chinese markets...
PBoC will likely further stabilize CNY fixings in the coming weeks
Jan 11, 2016 12:27 pm UTC| Insights & Views Central Banks
EM local markets, especially currencies, as well as EM credit spreads are under pressure following renewed volatility in China and escalation of tensions in the Middle East. Almost all EM currencies are falling...
Moody's: China's decision to suspend circuit breaker reflects resultant challenges
Jan 11, 2016 10:27 am UTC| Research & Analysis
Moodys Investors Service says that the decision by Chinas regulators to scrap the stock markets circuit breaker just four trading days after its implementation reflected concerns over the consequent emergence of various...
Fitch: China Currency, Equity Woes Highlight Stability Dilemma
Jan 11, 2016 08:55 am UTC| Research & Analysis
China is facing a sharpening dilemma between a perceived need to keep interest rates low to help the economy manage its debt burden, and downward pressure on the Chinese yuan and foreign reserves, says Fitch Ratings. The...
China market slides fast heading into close
Jan 11, 2016 07:19 am UTC| Commentary
Chinas stock market again making investors jittery, as it has started racing down fast today, after sliding close to 10% last week, that has led to turmoil in global stock market. Chinese central bank, however has kept...
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