- December 30th, 2024
As Chinese President Xi Jinping strives to position the yuan as a stable and influential currency in global trade, the specter of Donald Trump’s potential return to the U.S. presidency looms large, threatening to derail these ambitions. With global trade...
Asian equities witnessed a notable rally on Friday, buoyed by signs of economic stabilization in China and a retreat in the US dollar. The Hong Kong Hang Seng and Australia’s S&P/ASX 200 advanced on data indicating the highest growth in...
In a remarkable financial shift, dollar bond spreads for Asia’s high-grade issuers have reached record lows, driven by aggressive monetary and fiscal measures by Chinese policymakers. The gap in yield premiums on Asian bonds has closed to 74.6 basis points...
The Japanese yen dropped to a three-month low on Monday, weakening by as much as 0.8% against the US dollar, as markets reacted to election results showing Japan’s ruling coalition, led by the Liberal Democratic Party (LDP) and its partner...
Over the past few decades, China has been steadily asserting itself as a key player in the "Global South," a term that has evolved from the Cold War-era Non-Aligned Movement, representing developing countries striving for autonomy from superpower influence. As...
As Russia prepares to host the 16th BRICS Summit in Kazan from October 22 to 24, President Vladimir Putin is pushing an ambitious agenda aimed at reshaping the global financial system. Central to these efforts is a proposal to establish...
In early Monday trades in Asia, the U.S. dollar extended its recent gains, continuing a trend that has been largely driven by market skepticism about further aggressive rate cuts from the Federal Reserve and disappointment over China’s lackluster weekend stimulus...
China is posing a significant threat to the US, as it aims to replace the US dollar as the world reserve currency. The Chinese yuan is the third-largest trade financing currency and fifth-largest payment currency, with foreign investors demanding an...
The Chinese economy is impressive. China maintained one of the highest economic growth rates in the world for more than a quarter of a century, helping lift more than 800 million people out of poverty in just a few decades....