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Showing 81 - 90 of 234 results for "Bank of China"

PBOC does an SNB

BENJAMIN ONG  |  THURSDAY, 13 AUG 2015
... must have read the piece I've written yesterday morning calling their 1.9% devaluation a mere speck. The People's Bank of China (PBOC) topped it up with another devaluation of 1.6% by the afternoon for a grand total of 3.5% in two straight days. Still ...

Too much ado about a speck

BENJAMIN ONG  |  WEDNESDAY, 12 AUG 2015
... and 1993." Now that I'm done congratulating myself and patting my own back, let's get down and dirty. The People's Bank of China (PBOC) announced a revaluation of the yuan, lowering its exchange rate versus the US dollar from 6.2097 to 6.3231. The US$ ...

New kid on the block

BENJAMIN ONG  |  TUESDAY, 9 JUN 2015
... sanctioned. The Politburo wants to run with the bulls. Here's Bloomberg again, "Zhou Xiaochuan, who heads the People's Bank of China and has cut interest rates twice since November, told reporters this month [this was in March] that funds entering the ...

CBA granted renminbi licence

STAFF WRITER  |  TUESDAY, 2 JUN 2015
... to China and has been closely following the development in RMB and are a foundation member of the Australia ASX-Bank of China RMB settlement platform launched last year. We expect to see ongoing developments in this space as companies understand the ...

Market Wrap PM

AAP  |  FRIDAY, 24 APR 2015
... lacklustre lead from overseas. CMC Markets chief market strategist Michael McCarthy said indications the People's Bank of China was committed to keep the world's second largest economy growing by seven per cent a year had helped improve sentiment in ...

Market wrap

AAP  |  TUESDAY, 31 MAR 2015
... have boosted the Australian share market, with the big miners making the strongest gains. Comments from People's Bank of China governor Zhou Xiaochuan suggesting further monetary policy easing boosted Wall Street, which saw the local market firm by more ...

All roads leading to China's "one road"

BENJAMIN ONG  |  TUESDAY, 31 MAR 2015
... restrictions on the use of retirement savings for home purchases - and expectations for more policy easing by the People's Bank of China (PBOC) boosted investor confidence, sending the Shanghai Composite index up by 2.5% yesterday. That's fine and dandy ...

PMI surveys say...

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2015
... the new orders index improved, at 49.3 (from 47.1 in February), it remains in contraction territory. The People's Bank of China's (PBOC) latest round of policy easing - policy some more -- should, in time, arrest further deterioration and at the same ...

It might just be a matter of time

BENJAMIN ONG  |  FRIDAY, 13 MAR 2015
... Thailand and South Korea since - and this doesn't track those that have already double-dipped like the People's Bank of China (PBOC) and the Reserve Bank of India (RBI). Competitive devaluation is a zero sum game... unless, of course, we find life on ...

PBOC to QE?

BENJAMIN ONG  |  THURSDAY, 12 MAR 2015
... will be victorious." - Lao Tzu, 'The Art of War' That "when" to fight must be nigh. Rumour has it that the People's Bank of China (PBOC) is preparing its own QE programme - prompted by the PBOC's recent approval allowing regional governments to swap ...