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Renminbi Series

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Over the past decade, China has emerged as global superpower of economics and Geo-politics. Chinese currency Yuan has emerged as top contender to Challenge global dominance of Dollar. This year in Yuan might join International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket, strengthening Yuan’s position as global reserve currency. In this series, we discuss about China, its politics, economics, and vulnerabilities with a view of Renminbi.

Renminbi Series

Yuan’s inclusion in SDR may lead to capital flows of $31 billion for direct allocation

Sep 22, 2016 10:30 am UTC| Commentary Economy

The International Monetary Funds new Special Drawing Rights basket which includes the yuan will take effect on October 1. The weights of the basket currencies will be in the manner of 41.73 percent for the US dollar, 30.93...

Renminbi Series

Renminbi Series: Rise of Hibor stirs Global market

Sep 12, 2016 10:35 am UTC| Commentary Economy Central Banks

HIBOR or the Hong Kong Interbank Offer Rate became infamous earlier this year in January when overnight rate touched above 68 percent as the Peoples bank of China (PBoC) drew liquidity from the offshore market via...

Renminbi Series

Renminbi Series: CFETS index declines to fresh record low

Aug 23, 2016 11:15 am UTC| Commentary

CFETS RMB Index that was launched by the Peoples Bank of China (PBoC) in collaboration with China Foreign Exchange Trade System (CFETS) last year is pointing to a fresh weakness in the Chinese yuan. However, the latest...

Renminbi Series

Chinese 10-year bond yields fall to seven-year low on sluggish economic growth

Aug 11, 2016 07:20 am UTC| Commentary

The Chinese 10-year bond yields fell to seven-year low of 2.71 percent Thursday on expectations of lower inflation and persistent sluggish economic growth, creating pressure on the PBoC for a further innovative monetary...

Renminbi Series

Yuan responds to major FX counterparts since PBoC’s currency mechanism, eased deflation gives extra edge but investment still at snail’s pace

Aug 10, 2016 13:03 pm UTC| Central Banks Insights & Views

PBoCs interventions to depreciate CNY seems to be successful as the Chinese central bank (PBoC) continues to weaken its currency via the fixing, the fixing rates are generally in line with what the fixing model suggests so...

Renminbi Series

Renminbi Series: Yuan’s share in global payments declines in June

Jul 21, 2016 07:43 am UTC| Commentary

Chinese yuan is steadily losing its attraction, according to a report by Swift payment system. As an effect of economic stagnation, uncertainties, higher volatilities and surprised devaluation of the yuan in August last...

China Crisis Series

Renminbi Series

Chart of the Day Series

Chart of the Day: China's investment contrast

Jun 16, 2016 16:02 pm UTC| Commentary Economy

Chinas private investmentthat was growing above 30 percent back in 2011 and was supporting economy dropped to just 3.9 percent as of this months release. In contrast, thanks to stimulus from the government public...

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Economy

The yen plunges to 34-year low despite interest rate hike

The Bank of Japan (BoJ) raised interest rates for the first time in 17 years on March 19, bringing an era of negative interest rates to an end. The key rate was hiked from 0.1% to a band from zero to 0.1% a token effort...

The idea that US interest rates will stay higher for longer is probably wrong

The 0.4% rise in US consumer prices in March didnt look like headline news. It was the same as the February increase, and the year-on-year rise of 3.5% is still sharply down from 5% a year ago. All the same, this modest...

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

Why Africa can be the beating heart of South Korea’s technology industry

Tshepo Ncube, Head: International Coverage and Bhavtik Vallabhjee, Head: Power, Utilities Infrastructure at Absa CIB reflect on their recent visit to South Korea, examining why investors in the region have their eyes set...

Politics

US Commerce Secretary Asserts Huawei Chip Lag, Affirms Export Control Success

In an interview on CBS News 60 Minutes, Commerce Secretary Gina Raimondo stated that the latest Huawei Mate 60 Pro phones chip remains significantly behind U.S. technology despite being the most advanced from China. She...

The Alberta government is interfering in public sector bargaining on an unprecedented scale

In the coming months, over 200,000 public sector workers in Alberta will begin bargaining with their employers for new contracts. The most recent agreements expired in March and, after many years of high inflation and few...

Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression

Just over three decades after Russia decriminalised homosexuality in 1993, three people have been arrested and charged under the countrys harsh new anti-LGBT laws and could face ten years in prison for membership of an...

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Science

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

Technology

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Tesla Cybertruck Hits 1,000-Unit Weekly Production Amid Q1 Financial Shortfalls

Tesla announced a milestone in Cybertruck production, achieving 1,000 units per week concurrently with reporting lower-than-expected financial results for Q1 2024. Despite missing revenue and earnings estimates, Teslas...

IBM Acquires HashiCorp, Giving Its Hybrid-Cloud Business a Boost

IBM, or the International Business Machines Corporation, announced it will buy the San Francisco-based software company HashiCorp on Wednesday, April 24. IBMs Strategic Acquisition IBMs acquisition of HashiCorp,...

Tesla Model 3 Performance Eligible for $7,500 Tax Credit, Launches at $53K

Tesla Inc. has unveiled a new $52,990 Performance model of its Model 3, eligible for full $7,500 federal EV tax credits. This introduces a more cost-effective option amidst Teslas current lineup. Teslas New $53K Model 3...

Critical Update: Samsung Expands Network Band Support in Europe – Update Now for Uninterrupted Access

This week, Samsung has launched a vital software update across European markets, targeting various devices, including the Galaxy S24 and Z Flip 5. This update is critical for maintaining network connectivity and accessing...