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  • Editor’s Picks / 5 hours ago

    China's not practicing what it preaches

    Bloomberg
    China's leaders may talk tough on instituting painful measures but when push comes to shove, Beijing's tolerance of adversity is proving to be sadly lacking, writes William Pesek. Just two weeks ago, Beijing ordered banks to prop up local-government financing vehicles, the very entities it should be cracking down on, and the People's Bank of China has also this week decided to guide the three-month Shanghai Interbank Offered Rates to its lowest since 2008. Far from addressing China's myriad problems, all such measures do is postpone a coming crisis that, when it does unfold, threatens to destabilise the global economy, all in the name of political expediency on the part of president Xi Jinping.
    Read article on Bloomberg
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  • Article / 6 hours ago

    FX Noon: Safety in numbers

    Director / Accumen Management
    United Kingdom
    FX Noon: Safety in numbers
    Today's session has seen the USD extend its gains, particularly against the yen. The dollar rally, however, remains hugely dependent on bullish data so the release of the latest US GDP print on Friday looms large in the distance.
    Read the article
  • 5h
    Martin O'Rourke Martin O'Rourke
    EURUSD has been as low as 1.08566 in the European session and is currently trading near that at 1.0862 at 1156 GMT. USDJPY is very close to...
    5h
    Martin O'Rourke Martin O'Rourke
    Brent has slipped on the day to $63.62/barrel. WTI is 50 cents or so shy of this morning's figure in Morning Markets at $58.13/b at 1200 GMT....
    4h
    Martin O'Rourke Martin O'Rourke
    EURUSD continues to feel the heat, slipping as low as 1.08182 intraday. It currently resides at 1.0834 at 1320 GMT. Brent and WTI are also both on...
  • Article / 11 hours ago

    Earnings preview: JinkoSolar has strong domestic fundamentals

    Portfolio Manager / Alcuin Asset Management
    China
    Earnings preview: JinkoSolar has strong domestic fundamentals
    Solar firm JinkoSolar will release its first-quarter earnings on Thursday, with investors looking for continued revenue and earnings growth as the firm expands overseas and develops its downstream business. The industry as a whole is facing scrutiny over debt after rival Yingli Solar voiced doubts over its ability to continue as a going concern.
    Read the article
  • Editor’s Picks / 14 hours ago

    Australia's dependence on China just went up a notch

    Business Spectator
    The Australian economy just became more dependent on China. Again. New data from the Australian Bureau of Statistics (ABS) shows that not only is China Australia's most important trade partner, it’s also on the brink of becoming number one for investment as well. It was back in 2007 that the value of Australia's two-way trade with China overtook that with Japan but, as of a couple years ago, Australia’s investment links with China had yet to budge. In 2011 and 2012, two-way investment -- Chinese investment in Australia plus Australian investment in China -- rose by $13.5 billion. That was less than 10 percent of the increase with the US, historically Australia's most important source and destination of international investment. But what a change 2013 and 2014 brought.
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