Monday, August 24, 2015

Could China's Yuan Devaluation Spark a New Financial Crisis?

Asia’s biggest economy is slowing, the Federal Reserve is about to kick off an interest rate tightening cycle, and China has just devalued its currency.

Sunday, August 23, 2015

Price cuts and rise in orders quicken pace of eurozone business growth

Eurozone business growth unexpectedly accelerated this month as steeper price cutting drove an increase in new orders and led to firms building a bigger backlog of work, according to a new survey.

Saturday, August 22, 2015

JPMorgan Warns This Emerging-Market Credit Strength May Fizzle

Try figuring this one out: Emerging-market stocks have gotten pummeled over the past few weeks while corporate bonds from the same regions have outperformed many other assets.

Sunday, August 16, 2015

China's net foreign exchange selling at $38.9 billion in July, indicating big outflows


BEIJING: China's central bank and commercial banks sold a net $38.9 billion in foreign exchange in July, the biggest sales on record, official data showed, indicating big capital outflows as well as suspected intervention to prop up the exchange rate.

Saturday, August 15, 2015

Greece crisis: Eurogroup agrees to third bailout

Eurozone finance ministers have agreed on a new bailout deal for Greece after Athens backed the plan. European Commission President Jean-Claude Juncker said the deal sent a message "loud and clear" - Greece will stay in the eurozone.