COSCO shares slump 8% on Trump's fee proposal
China COSCO Shipping Corporation Limited shares down 8% In response to Trump’s proposed fees on the use of China’s built commercial ships that transport traded goods, as well as mandates requiring a portion of US products to be moved on American vessels. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
EUR/USD back above 1.05 – euro catching a bid from German election results
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
PBOC sets USD/ CNY reference rate for today at 7.1717 (vs. estimate at 7.2495)
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, […]
Silver Screen Stars Shine on 2025 Screen Actors Guild Awards’ Red Carpet
2025 SAG Awards A-List Guild Members Show Out … Selena Gomez, Kristen Bell & More Published February 23, 2025 4:52 PM PST The most star-studded union in the world showed their style solidarity Sunday … with card carrying SAG members lookin’ real fashionable at this year’s Screen Actors Guild Awards! Kristen Bell didn’t look nervous […]
China to deepen rural reforms further, move to accelerate rural revitalization
China releaesed its “No. 1 central document” for 2025 on Sunday. This is the first policy statement released by China’s central authorities each year, and is viewed as an indicator of policy priorities. It outlines strategies to deepen rural reforms and drive comprehensive rural revitalization. There are six focus areas, with priorities including: ensuring food […]
PBOC is expected to set the USD/CNY reference rate at 7.2495 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate […]
Diddy’s Legal Team Files Motion Challenging Search Warrants Feds Obtained
Diddy We’re Challenging Search Warrants … Feds Offered ‘Distorted Picture of Facts’ Published February 23, 2025 4:15 PM PST Diddy‘s legal team is attacking the search warrants federal agents obtained to raid his homes and examine his internet history — claiming feds “made false statements” in their applications for the warrants. The super producer’s lawyers […]
TD warn of more Bank of England rate cuts than the marekt expects – to weigh on GBP
GBP may face pressure as the Bank of England (BOE) could cut interest rates more aggressively than markets anticipate, according to TD Securities strategists in a note from late last week. While recent stronger-than-expected UK economic data has led them to push back their forecast for the next BOE rate cut to May instead of […]
Bank of Japan not too worried about grind higher in JGB yields – only if there’s a spike
The Bank of Japan is not too worried about the moves higher in Japanese Government Bond yields, “which are grinding rather than abrupt” says an unnamed source quoted in this (gated) Reuters piece. In summary from the article: BOJ Governor Kazuo Ueda issued a mild warning on Friday that it could increase bond buying if […]
