more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
Country Garden Holdings, formerly China’s top property developer by contracted sales, will appear in a Hong Kong court on Monday to request more time to progress its $14.1 billion offshore debt restructuring.
The company has reportedly gained backing from creditors representing over 70% of its debt.
However, as of May 22, key bank lenders had yet to sign on, according to media reports.
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I'm not sure this saga will ever end!
This article was written by Eamonn Sheridan at www.forexlive.com.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%.
Previous close was 7.1798
This is a change from the PBoC today, the 'damping' of the yuan has flipped.
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.A couple of snippets from analysts on Friday, that have proved prescient, comments indicating Trump's tariff threats being viewed as hollow.
Vanguard:
Barclays:
يمكن إضافة كل قالب في مكتبة الاستوديو الخاصة بنا المتنامية باستمرار وتحريكه داخل أي صفحة بسهولة بنقرة واحدة.
