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A primer on how China's currency works, for Donald Trump

Donald Trump’s most compelling moment on the debate stage this week was his passionate tirade about trade. There’s just one problem: his argument hinges on accusing China of devaluing its currency which China isn’t, in fact, doing. 850 more words

Keppel Land China to acquire retail mall in Shanghai for 500m yuan

(Source: www.businesstimes.com.sg)

Keppel Land China on Thursday said that it will acquire a newly completed retail development in Jiading District, Shanghai, China, for 500 million yuan (S$102 million). 268 more words

Money Matters

Gold respects support

10-Year Treasury yields are retracing to test the recent support level at 1.60 percent but the trend remains upward.

The Chinese Yuan is easing against the US Dollar, with USDCNY in a gradual up-trend as the PBOC manages the decline in order to conserve foreign reserves. 119 more words

US & Canada

Xiaomi's S$450 mirrorless camera has a maximum ISO of 25,600

(Source: www.hardwarezone.com.sg)

Xiaomi’s S$450 mirrorless camera has a maximum ISO of 25,600

Xiaomi is moving beyond action and IP cameras; it just unveiled a Micro Four Thirds mirrorless camera, the M1.  104 more words

Technology

Big Trouble In Big China: HIBOR Overnight Borrowing Cost Soars To 2nd Highest Level Of 2016

Things are really heating up between the PBOC (People’s Bank of China) and currency traders.

The HIBOR (the offered rate at which deposits in CNH are being quoted to prime banks in the Hong Kong interbank market) just soared to the second highest level of 2016. 87 more words

Banking

Swiber defaults on bond payment again

(Source: www.straitstimes.com)

Beleaguered oil field services firm Swiber Holdings has defaulted on a coupon payment due yesterday for its 450 million yuan (S$92.3 million) fixed-rate notes – the second bond payment it has defaulted on since its judicial management application in July. 305 more words

Current Affairs