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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

PBoC likely to start easing policy less aggressively

Apr 21, 2016 11:46 am UTC| Commentary

Downside risks to Chinese economic growth have eased. The Peoples Bank of China is expected to begin easing policy less aggressively after property prices grew sharply and loan growth accelerated strongly in Q1, noted...

Renminbi Series

Renminbi Series: Is Yuan depreciation over? Depends how you look

Apr 21, 2016 07:36 am UTC| Commentary

After reaching as low as 6.6 per Dollar in January, Chinese Yuan has gained against Dollar to 6.45 level and has been consolidating there since late March. Chinese currency is now positive (+0.2) for the year. In last...

Renminbi Series

Renminbi Series: China pursues internationalization reforms

Apr 20, 2016 06:19 am UTC| Commentary Economy

Economic malaise or not, one thing Chinese administrators seem to have their minds made is to make Yuan internationally acceptable as a reserve currency. Last Year, International Monetary Fund (IMF) included Yuan as a...

Renminbi Series

PBOC discloses currency forward positions for the first time

Apr 01, 2016 14:35 pm UTC| Commentary Central Banks

PBoC for the first time disclosed its short foreign-currency positions in forwards and futures. As of end-February, it held USD28.9bn of such positions with commercial lenders and USD2.4bn worth of total long...

Renminbi Series

Renminbi Series: Reassessment required

Apr 01, 2016 09:38 am UTC| Commentary

Todays released Chinese manufacturing and services gauge, provided further evidence that stimulus effect, both monetary and fiscal might be kicking in to the real economy. Official manufacturing PMI reached 50.2,...

Renminbi Series

Renminbi Series: Keep tab on first SOE default on dim-sum bonds

Mar 31, 2016 11:35 am UTC| Commentary

A Hong Kong based unit of Chinas eighth biggest investment bank Guosen Securities has defaulted on Hong Kong traded Yuan bond, known as dim sum bonds. This is the first default of this kind by a state owned enterprise. It...

Renminbi Series

Renminbi Series: China, big daddy in M&A this year

Mar 31, 2016 07:13 am UTC| Commentary Economy

Chinese billionaires and conglomerates are gobbling up foreign entities this year like never before, triggered possibly by slowdown of domestic growth and weakness in Yuan. Even State Owned Enterprises (SOE) have joined...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

Technology

OpenAI Strikes Deal with Reddit to Bring Content to ChatGPT, Boosting Stocks

OpenAI and Reddit announced a partnership on May 16 to integrate Reddit content into ChatGPT, enhancing the chatbots capabilities and driving Reddits stock up 12% in extended trading. Reddit Diversifies Beyond...

Giga Shiba Inu Whales Shift 3.5 Trillion SHIB, Boosting Market Activity

Shiba Inu whales are gradually waking up as the asset has emerged from anemia and has shown some positive price performance in recent days. Fortunately, those big transactions are not related to any sales activity and are...

Coca-Cola Launches Lens Platform to Offer Key Data for Retail and Foodservice

The Coca-Cola Company is launching Coca-Cola Lens, an open-source insights platform that distributes data and experiences from hundreds of thousands of retail and foodservice establishments across North...

Binance Pay Launches Dedicated Shiba Inu Payment Page, Boosting SHIB Use

Binance Pay, Binances cutting-edge crypto payment service, has recently launched a dedicated page to handle Shiba Inu (SHIB) payments. This new functionality offers up a plethora of potential for SHIB holders, making it...

Whales Bag $61M Profit as RNDR Price Rallies Over 3%

Render (RNDR) saw a significant rally of over 3% today, with six whales bagging $61 million in profits, igniting debate about the cryptocurrencys future trajectory. Whales Profit $61M Amid Render (RNDR) Price Surge,...