European Shares Struggle Following Turmoil in Chinese Markets
August 19, 2015
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Business

European Shares Struggle Following Turmoil in Chinese Markets

It’s an interesting week in the currency markets, especially for China’s renminbi, which fell in…

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China Devalues the Yuan for a Second Consecutive Day
August 18, 2015
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Business

China Devalues the Yuan for a Second Consecutive Day

“The late rout in Chinese stocks appears to have knocked sentiment in Europe this morning”.

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Currency war fears ease; oil hits six-year low
August 18, 2015
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Business

Currency war fears ease; oil hits six-year low

If it sets Friday’s mid-point below Thursday’s level, at 6.4010 to the dollar, it could…

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Tsipras May Call Confidence Vote Amid Syriza Schism Over Greek Bailout Deal
August 18, 2015
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Business

Tsipras May Call Confidence Vote Amid Syriza Schism Over Greek Bailout Deal

Greece’s political turmoil has raised uncertainty over how the government will implement the bailout deal,…

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Yuan opens weaker, but stronger than central bank midpoint
August 18, 2015
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Business

Yuan opens weaker, but stronger than central bank midpoint

That has put the market focus back on a looming US rates increase. The complex…

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Many factors at play in the devaluation of yuan
August 18, 2015
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Business

Many factors at play in the devaluation of yuan

The central parity rate for Thursday was fixed at 6.4010, which was lower by 1.1…

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Gold struggles as US rate hike looms
August 18, 2015
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World

Gold struggles as US rate hike looms

Speaking of the surging U.S. dollar, prominent Canadian economist David Rosenberg recently noted that the…

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Rupee weakens 15 paise against dollar in early trade
August 18, 2015
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World

Rupee weakens 15 paise against dollar in early trade

Bears dominated the money market on Monday as the rupee tumbled with modest losses versus…

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Most Chinese Stocks Decline After Index Rises to Three-Week High
August 18, 2015
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Business

Most Chinese Stocks Decline After Index Rises to Three-Week High

China’s main stock index remained relatively resilient through the volatility that followed the yuan’s devaluation,…

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[Editorial] Devaluation of yuan
August 18, 2015
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Business

[Editorial] Devaluation of yuan

To express its commitment to the transformation of China’s economy, the Xi Jinping administration went…

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