China’s efforts to control capital outflows are colliding with growing demand from mainland investors for access to overseas stocks. The government has launched a sweeping crackdown on offshore trading platforms accused of helping investors bypass Beijing’s capital controls. The move has already rattled brokerages and investors, and could reshape how mainland Chinese access foreign markets….
The People’s Bank of China reiterated its pledge for a stable yuan while emphasising foreign exchange market resilience. (Wikipedia pic) BEIJING: The yuan slipped against the US dollar today after China’s central bank sent a strong signal through its midpoint fixing, cautioning against a rapid appreciation of the currency which hovered just shy of the…
Hong Kong police are investigating the source of more than HK$88,000 (US$10,280) in banknotes seen falling from a residential block, many of which were burned. Security staff at Lei Yue Mun Estate’s Lei Sang House reported at 8.20am on Wednesday that a number of banknotes were falling from the building and scattering across the ground….
Nearly 50 years after she featured on the renminbi banknote, a woman who became known as “one yuan girl” is back in the spotlight due to a recent viral video of her. An influencer in southwestern China’s Guizhou province posted the video on November 26. It featured 65-year-old Shi Naiyin. Shi is an ordinary peasant…
China has emerged as a critical force propelling gold prices to record highs in 2025, according to one of the most influential analysts on Wall Street. Torsten Slok, Apollo Global Management’s chief economist who is renowned for his pithy, incisive daily email The Daily Spark, highlighted on Tuesday that China’s impact goes beyond central bank…
The dollar rose on Monday as currency traders shrugged off the latest threat of steep tariifs on China from US President Donald Trump and instead focused on the path for a possible trade deal between the world’s two largest economies. The Bloomberg Dollar Spot Index gained some 0.2% as of 10:15 a.m. in New York….
Once the reporter finished her question on the the GPS jamming, Trump continued: “Nobody knows where it came from, but they did take away her ability to use the phone.” He added: “You know, sometimes that’s a good thing. Sometimes if it happened to me, I’d be very happy.” Beneath the joke, he was unexpectedly au…
Liquidity conditions in Hong Kong resumed tightening this week with a key money-market rate climbing above a level that some analysts say may stifle a nascent economic recovery. The benchmark one-month Hong Kong Interbank Offered Rate — or Hibor — jumped above the closely watched threshold of 3% Wednesday, reaching the highest since May. If…
Stocks climbed to a record as an in-line US inflation reading eased price concerns and bolstered bets on a Federal Reserve interest-rate cut in September. The MSCI All Country World Index rose 0.2% to an all-time high, tracking Wall Street’s surge to fresh peaks, as money markets nearly priced in a full 25 basis point…
{KXLG -Watertown, SD} The Arrow Education Foundation is offering a unique opportunity to support the Alan Mitchell Athletic Complex while giving participants a chance to win a rare $1,000 bill. Cris Ortmeier, Executive Director of the Arrow Education Foundation, discussed the “Win Big” fundraiser and other upcoming initiatives with KXLG… Your browser does not support…