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Sun, Mar 16, 2025 07:39 PM All times are UTC

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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

China Crisis Series

China’s onshore/offshore interest rate spreads looking stretched

Jan 05, 2016 03:18 am UTC| Commentary Central Banks

Risk aversion gripped Chinese markets yesterday with the benchmark Shanghai Composite Index down by almost 7% (trading in Chinese stock markets was halted). Significant uncertainties on the Chinese economy remain as PMI...

Renminbi Series

China Crisis Series

Yuan offshore-onshore band widens

Jan 04, 2016 07:38 am UTC| Commentary

Offshore Yuan, which is largely traded in Hong Kong and not subjected to 2% daily limit from central parity set by Peoples Bank of China (PBoC) everyday, is leading the drop in Yuan today further widening the spread...

Renminbi Series

The spotlight is on Chinese data and the currency

Jan 03, 2016 23:23 pm UTC| Commentary

The markets attention will likely remain on the CNY, given that the Chinese authorities have signalled that they will allow the currency to fall more against the USD. The recent announcement of the launch of the CFETS CNY...

Renminbi Series

FxWirePro: CNY gradual depreciation is most likely event in H1 2016 upon commodity impact – stay hedged via 3M forwards

Dec 28, 2015 13:18 pm UTC| Technicals

Crude price recovery needs supply glut yet to rebalance: The commodity markets seem to be cautious on price recovery in both base metals and oil to recover through 2016. On the other hand, the underlying forces of the...

Renminbi Series

Dec 24, 2015 10:10 am UTC| Insights & Views

Earlier this month, the Peoples Bank of China announced that it would begin to calculate and track the value of RMB versus a basket of currencies instead of just the US dollar. On 11 December, the PBoC posted an editorial...

Renminbi Series

USD/CNY likely to test 7.0 by end of 2016

Dec 22, 2015 10:27 am UTC| Commentary

China central bank PBoCs FX intervention cannot continue indefinetely. The GDP growth is widening , inflation and interest rate differentials also point out for a higher USD/CNY. RMBs inclusion into the IMF SDR basket...

Renminbi Series

Currency War Series

Risk of capital outflow persists in China on Fed rate hike

Dec 22, 2015 09:38 am UTC| Commentary Economy

Greater tolerance for CNY weakness against the USD is likely to support the ebbed capital outflows moving ahead. The outflows might have risen in November. These are evidenced by a notable decline in PBoC FX Reserves of...

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Economy

Western Allies Boost Ukraine Support Amid Ceasefire Talks

British Prime Minister Keir Starmer announced that Western allies, excluding the U.S., are intensifying support for Ukraine in case of a ceasefire with Russia. Starmer hosted a virtual meeting with leaders from Germany,...

Russia Stocks Rally as MOEX Russia Index Gains 2.35%

Russian stocks closed higher on Saturday, with the MOEX Russia Index climbing 2.35%, driven by gains in Telecoms, Oil Gas, and Power sectors. Surgutneftegas PJSC (MCX:SNGS) led the session with a 1.01% rise to 26.04,...

Stock Market Correction Deepens: Will the Sell-Off Continue?

The U.S. stock market has officially entered a correction, with the SP 500 plunging over 10% from its February 19 high. The Nasdaq Composite also confirmed its correction last week. This downturn has erased $5 trillion in...

Wall Street Rallies as Tech Leads, But Trade War and Inflation Fears Loom

The SP 500 surged Friday, led by tech stocks, but still marked its fourth straight weekly loss amid trade war concerns and a sharp drop in consumer sentiment. The Dow Jones gained 674 points (1.7%), the SP 500 rose 2%, and...

Peru’s Central Bank Holds Interest Rate at 4.75% Amid Inflation Stabilization

Perus central bank kept its benchmark interest rate steady at 4.75% on Thursday, aligning with market expectations. The decision follows a gradual easing cycle since September 2023, when the rate peaked at 7.75%, making...

Politics

SpaceX Crew-10 Arrives at ISS to Bring Stranded Astronauts Home

A SpaceX Crew Dragon capsule successfully docked at the International Space Station (ISS) early Sunday, completing a 29-hour journey from NASAs Kennedy Space Center. The Crew-10 mission, which launched Friday at 7:03 p.m....

Russia-Ukraine Conflict Escalates with Intense Aerial Strikes Amid Ceasefire Uncertainty

Russia and Ukraine exchanged heavy aerial strikes as the prospect of a 30-day ceasefire remained uncertain. Russian President Vladimir Putin expressed conditional support for the proposal but vowed to continue military...

Federal Judge Blocks Trump’s Wartime Deportation Order for Venezuelan Gang

A federal judge has temporarily blocked President Donald Trumps attempt to use the Alien Enemies Act of 1798 to expedite deportations of alleged members of Tren de Aragua, a Venezuelan gang accused of violent crimes. Trump...

Massive Protests in Serbia: Over 100,000 Demand Change in Belgrade

More than 100,000 protesters flooded Serbias capital, Belgrade, in one of the countrys largest demonstrations in decades. The movement, sparked by a deadly railway station collapse that killed 15, has grown into a major...

Trump Orders Massive Strikes on Yemen’s Houthis Amid Rising Tensions

U.S. President Donald Trump launched large-scale military strikes on Yemens Iran-backed Houthi rebels, killing at least 24 people, after continued attacks on Red Sea shipping. The offensive, expected to last weeks, marks...

Science

Leonardo da Vinci’s incredible studies of human anatomy still don’t get the recognition they deserve

Wikimedia, CC BY-SA The mere mention of Leonardo da Vinci evokes genius. We know him as a polymath whose interests spanned astronomy, geology, hydrology, engineering and physics. As a painter, his Mona Lisa and Last Supper...

One of the largest searches for alien life started 30 years ago. Its legacy lives on today

In February 1995, a small research organisation known as the SETI Institute launched what was then the most comprehensive search for an answer to a centuries-old question: are we alone in the universe? This Sunday marks...

South African telescope discovers a giant galaxy that’s 32 times bigger than Earth’s

Inkathazos glowing plasma jets are shown in red and yellow. The starlight from other surrounding galaxies can be seen in the background. K.K.L Charlton (UCT), MeerKAT, HSC, CARTA, IDIA, CC BY You may not know it, but right...

It’s science, not fiction: high-tech drones may soon be fighting bushfires in Australia

Picture this. Its a summer evening in Australia. A dry lightning storm is about to sweep across remote, tinder-dry bushland. The next day is forecast to be hot and windy. A lightning strike tonight could spark a fire that...

Earth is bombarded with rocks from space – but who gets to keep these ultimate antiques?

Every day, about 48.5 tonnes of space rock hurtle towards Earth. Meteorites that fall into the ocean are never recovered. But the ones that crash on land can spark debates about legal ownership. Globally, meteorite hunting...

Technology

Elon Musk and OpenAI Set for Expedited Trial Over AI Dispute

Elon Musk and OpenAI have agreed to fast-track their legal battle over OpenAIs transition to a for-profit model, with a trial set for later this year. The case, playing out in the U.S. District Court for the Northern...

NASA and SpaceX Launch Crew-10 to Replace Stranded Astronauts on ISS

NASA and SpaceX successfully launched the Crew-10 mission on Friday, sending four astronauts to the International Space Station (ISS) in a crucial crew rotation. The mission paves the way for the return of NASA astronauts...

NASA and SpaceX Set to Launch Crew-10 Mission to ISS on March 14

NASA and SpaceX are gearing up for the highly anticipated Crew-10 mission, scheduled to launch on Friday, March 14, at 7:03 p.m. EDT (2303 GMT). The mission will carry four astronauts to the International Space Station...

Apple’s Encryption Clash with UK Sparks U.S. Investigation

British and U.S. officials have engaged in private talks over concerns that the UK is pressuring Apple (NASDAQ:AAPL) to weaken encryption protections, Bloomberg reported. The discussions follow Apples decision to remove...

AI Revolutionizes Oil and Gas Drilling, Boosting Efficiency and Cost Savings

Artificial intelligence is transforming oil and gas drilling, making once-infeasible projects viable and improving efficiency. At the CERAWeek conference in Houston, industry leaders highlighted how AI-driven innovations...