Tags » Yuan

Face it, market stability is pretty much over

(Source: www.businessinsider.sg)

Signs point to the beginning of a rout in emerging markets that could threaten the stability the global economy has been enjoying since March. 920 more words

Money Matters

China's hottest startup is flatlining

(Source: www.businessinsider.sg)

Xiaomi was once the most valuable tech startup in the world. Now it’s flatlining.

The Chinese smartphone and electronics company’s revenues barely grew in 2015, … 335 more words

Technology

China's economy is being held hostage

(Source: www.businessinsider.sg)

China’s economy is being held hostage.

The “zombie” companies the Chinese government is supposed to be reforming have hijacked the government’s economic policy, and the dangerous bubble forming inside the country stands to grow until this hostage situation has ended. 828 more words

Money Matters

China made big mistake

Trying to hold water with palms is bounded to fail. WSJ reported that PBOC was forced to backtrack from freeing the yuan. Major mistake. Remind me of the Swiss Franc peg to the Euro that finally gave way to market forces and caused major damages to households and corporations who borrowed the Franc based on misguided stability. 16 more words

Idea

Treasuries fall and Dollar strengthens on latest Fed minutes

Treasury yields rose and prices fell sharply after release of minutes from the Fed’s latest monetary policy meeting. The April minutes reveal that policy makers see a June interest-rate hike as appropriate if labor markets and economic growth continue to strengthen. 60 more words

US & Canada

Ancient Chinese letter of just 124 characters sold for $43 million

(Source: www.straitstimes.com)

BEIJING (CHINA DAILY/ ASIA NEWS NETWORK) – A letter dating some 1,000 years back to the Song dynasty (960-1279) has been sold for a staggering 207 million yuan (S$43.4 million) in China. 347 more words

Current Affairs

Chinese executive 'confesses' to US$800m fraud

(Source: www.channelnewsasia.com)

SHANGHAI: The alleged mastermind of a scam which cost Chinese investors hundreds of millions of dollars lived in a penthouse flat featuring peacocks and fountains, reports said Monday (May 16) after he was paraded on television confessing. 308 more words

Current Affairs