The renminbi rose to its highest level in nearly four years against a basket of trade partner currencies, highlighting the appeal of Chinese assets as regional safe havens amid the Iran conflict. Data shows that Bloomberg’s simulated real-time CFETS basket index rose to 101.41 on Tuesday, reaching its highest level since September 2022, marking the […]
The latest news from SpaceX reveals that the company disclosed in its S-1 filing on Wednesday that its founder and CEO, Musk, could receive over 1.3 billion shares if the rocket, artificial intelligence, and social media company reaches certain market valuation and operational milestones. According to the Bloomberg Billionaires Index, these two awards are granted […]
New Zealand’s Deputy Governor Karen Silke said the central bank has not yet seen signs of medium-term inflationary pressures, but if such pressures emerge, the bank is prepared to take proactive measures. “There are currently no signs that this will necessarily generate a strong second wave effect,” Silk said in an interview with Bloomberg on […]
SK Hynix’s market value has surpassed the $1 trillion mark, following a more than 900% surge in its stock price over the past year, reflecting investor confidence in its position as a leading advanced memory chip supplier in the artificial intelligence sector. SK Hynix, Nvidia Corp.’s largest high-bandwidth memory supplier, saw its stock surge 11% […]
Former Federal Reserve Bank of New York President Bill Dudley warned that the U.S. central bank’s credibility as a force against inflation is at risk of eroding due to its prolonged failure to meet the 2% inflation target. “We’ve been above the Fed’s inflation target for more than five consecutive years,” Dudley said Tuesday in […]
Macquarie Group said that if Chinese mainland companies sell large amounts of their dollar holdings, triggering a sharp reversal in capital flows, the RMB/USD exchange rate could rise to 5 yuan per U.S. dollar. Economists pointed out in a report that as long as domestic demand remains weak and exports stay resilient, the appreciation of […]
Although people are deeply concerned about inflation caused by war, various signs indicate that other factors also have a significant impact on long-term borrowing costs. In the United States, so-called real yields—adjusted for inflation—have had a greater impact, indicating that bond investors are concerned not only about price pressures stemming from a potential war with […]
Goldman Sachs said central banks are expected to increase their gold purchases, helping gold prices rebound by year-end. Analysts Lina Thomas and Daan Struyven said in a report on May 15 that procurement volumes are expected to rise to an average of 60 tons per month by 2026. According to the revised projected cumulative volume […]
Most Federal Reserve officials warned that the central bank might need to consider raising interest rates if inflation remains above its 2% target. According to meeting minutes, at last month’s policy meeting, “many” officials urged the Fed to abandon its dovish stance and suggested that its next move might be a rate hike. The minutes […]
Philadelphia Federal Reserve Bank President Anna Paulson said she favors keeping interest rates stable and linking lower borrowing costs to sustained inflation control. Paulson said at a meeting organized by the Atlanta Fed on Tuesday: “A slightly tighter policy helps control inflationary pressures while maintaining labor market stability. Keeping interest rates steady allows us to […]