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PBOC is expected to set the USD/CNY reference rate at 6.8282 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 6.8282 – Reuters estimate

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade […]

Tanner Murray Suffers Shoulder Fracture

Tanner Murray Suffers Shoulder Fracture

White Sox manager Will Venable announced (as reported by Scott Merkin of MLB.com) that Tanner Murray  suffered a dislocation (h/t James Fegan of Sox Machine) and shoulder fracture that will require surgery, with an expected 4-6 month recovery timetable. Murray injured himself laying out for a CJ Abrams flyball in the top of the tenth […]

Easter discounts cool UK shop prices but Iran war inflation threat looms large

Easter discounts cool UK shop prices but Iran war inflation threat looms large

UK shop price inflation eased to 1.0% in April from 1.2% in March as Easter discounts helped retailers stimulate spending, though the BRC warned Middle East cost pressures are fast approaching. Summary The British Retail Consortium said UK shop prices rose 1.0% year on year in April, down from 1.2% in March, as Easter promotions […]