Treasury Secretary Mnuchin to visit China in ‘a few days,’ Trump says
U.S. Treasury Secretary Steven Mnuchin is headed to China in “a few days” to negotiate on trade, President Donald Trump said Tuesday. A trip to the Asian country was “under consideration,” Mnuchin said Saturday during a press conference. “China welcomes...
The only way to buy property in Shanghai these days is to win the lottery
These days in Shanghai it seems getting a chance to buy property is as close as it gets to winning the lottery. Developers of high-priced Shanghai residential projects have been overwhelmed by deep-pocketed prospective buyers as local government price controls...
Ukraine’s parliament blocks bank reform
Vitaly Vavryschuk, head of financial stability at the National Bank of Ukraine Ukraine’s parliament has dealt a blow to banking sector reform efforts by striking down a draft law designed to tackle corruption and weak governance at the country’s state-owned lenders. The...
Techcombank highlights booming Vietnam IPO market
April brought Vietnam’s biggest ever IPO, but in a market that is finally delivering on its promise after years of disappointing investors, the Techcombank listing might only hold its record for a matter of weeks. Vietnam Technological and Commercial Joint...
Brazil FX: What’s driving the BRL’s underperformance?
The Brazilian currency has been underperforming its peer group of emerging-market currencies, falling by 5% against the dollar in the past month; the Russian rouble has fallen 7% in the same period due to the impact of US sanctions. However,...
UK bank’s app down as it tries to fix problems that locked customers out of their accounts
Britain’s TSB bank, owned by Spain’s Banco Sabadell, took down its mobile app and online services on Tuesday in an attempt to fix technical problems which have locked customers out of their accounts. The bank said about 402 customers on...
Dollar Turned into Consolidation, German Ifo Miss Gives Euro No Support
Dollar engages in consolidative trading today as markets digest recent sharp gains. Also, as pointed out before, 10 year yield should a sign of hesitation ahead of 3%, and it might take a bit more time to overcome this level....
UK government borrowing hits its lowest level in more than a decade
The U.K. budget deficit has shrunk to its smallest level in more than 10 years. The shortfall between how much Prime Minister Theresa May’s government spent and how much it earned from taxes in the last financial year has come...
Chinese Uber competitor Didi Chuxing reportedly in talks to launch $80 billion IPO
Chinese ride-hailing giant Didi Chuxing is holding talks about an initial public offering (IPO), according to a report. Didi Chuxing was last valued at more than $50 billion in December, after raising $4 billion from investors including Japanese conglomerate SoftBank....
Dollar Pares Gain as Yield Hesitated ahead of 3%, German Ifo Watched
Dollar pares back some gains in Asian session today after yesterday’s yield driven rally. 10 year yield hit as high as 2.990 during regular trading hour before closing at 2.973, up 0.022. However, that was below open at 2.975 and...
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