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Showing 1 - 10 of 22 results for "Peoples Bank"

China's art of currency war

BENJAMIN ONG | TUESDAY, 18 MAR 2014

... that of doubling the renminbi's trading band against the US dollar to 2.0% yesterday (from 1%) on either side of the Peoples Bank of China's (PBOC) daily reference rate fixing. According to the PBOC, this is in line with the government's move towards ...

Maybe slowing, definitely distorted, more likely rebalancing

BENJAMIN ONG | TUESDAY, 11 MAR 2014

Ayy-yay-yay-yay-yay! Here we go again. Weak economic reports out of China have again put a question mark about its economy and by extension, the economy of the world. Oh sowee Virginia, I stand corrected... it wasn't a question mark, China's headed ...

No guarantee

BENJAMIN ONG | MONDAY, 10 MAR 2014

... central bank starts considering a change in the reduction of its monthly asset purchases. What's changing though is the Peoples Bank of China's (PBOC) thinking - nay, it's all as planned. Recall how it took away free yuan lunches? When it allowed the ...

Catching the big wave

BENJAMIN ONG | THURSDAY, 27 FEB 2014

... speculators might be thinking just that - shorting the Chinese yuan versus the greenback - from here on after the Peoples Bank of China (PBOC) allowed the country's legal tender to fall by nearly 0.5% in a single day - seems small but it was the biggest ...

China's turn to provide buy opportunities

BENJAMIN ONG | TUESDAY, 5 MAR 2013

... this target. And should the economy slow by more than targeted, China's benign consumer price inflation provides the Peoples Bank of China (PBOC) plenty of scope for accommodation. Inflation eased to 2.0% in January from 2.5% in the previous month, half ...

Spanish austerity and Chinese take-away

BENJAMIN ONG | FRIDAY, 28 SEP 2012

... of money and money flows, there's good news in that other economy investors continue to worry about - China. The Peoples Bank of China (PBOC) is keeping the money flowing. It injected a net 365 billion yuan (or around US$58 billion) into the money markets ...

Believe

BENJAMIN ONG | FRIDAY, 27 JUL 2012

... said this before Draghi did... but I got ignored (sob, sob, sob). Last 6 July following the Bank of England, the Peoples Bank of China and the European Xentral Bank's stimulation spree, I ventured that, "these latest round of policy initiatives - and ...

Wen's visible hand

BENJAMIN ONG | MONDAY, 16 JUL 2012

... billion yuan in May, up from 681.8 in April and up 45.1% from the same month last year. And this, even before the Peoples Bank of China's (PBOC) back-to back interest rate reduction has filtered through to the economy. Looks like Australia will be getting ...

BRIC slows on Europe woes

BENJAMIN ONG | TUESDAY, 19 JUN 2012

... date but easing inflation provides it scope to do more. Indian rates are lower by 50 bps and earlier this month, the Peoples Bank of China reduced rates by 25 bps on top of chopping the reserve requirement ratio last March, February and December last ...

Pop goes the QE

BENJAMIN ONG | FRIDAY, 8 JUN 2012

... self-reinforcing downward spiral of economic weakness would be difficult to arrest." And we were so sure. Surer still after the Peoples Bank of China (PBOC) just did it. The PBOC reduced borrowing costs - the first since 2008 - taking the benchmark lending ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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