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The ringgit moves closer to the psychologically significant level of RM4 to the US dollar, firming to levels last seen in September 2016. — Reuters picSINGAPORE, Dec 5 — Asian currencies firmed today as last week's ascent of the US dollar on the back of positive tax reform news stalled. (1-0)
Royale Partners Investment Fund, a Mauritius-based entity with backing from one of the six ruling Sheikh families of UAE, is the likely new owner of Sahara's two luxury hotels in New York (NY). (1-0)
My best estimate as of June 2017 with respect to total above-ground gold reserves within the Chinese domestic market is 20,193 tonnes. The majority of these reserves are held by the citizenry, an estimated 16,193 tonnes; the residual 4,000 tonnes, which is a speculative yet conservative estimate, is held by the Chinese central bank, the People's Bank of China.
While it is accepted wisdom that energy is the most important commodity complex, representing over 80% of the dollar volume of trading in commodity markets, there are dozens of important raw materials and soft commodities that also serve as important barometers of the global economy.
China is the world’s second-largest economy after the U.S. and nearly 300 exchange-traded funds (ETFs) trading in the U.S. offer some exposure, led by a king among China ETFs, iShares FTSE/Xinhua China 25 Index (ETF) (NYSEARCA:FXI).
The bank has the biggest foreign exposure of the major Chinese banks, which reduces the potential effect of the macro risks on it.
China’s amazing GDP growth and recovery experienced since the 2008 – 2009 crisis is slowing down. The rate of growth continues on a downward trajectory, as more economic problems begins to emerge that are accelerating its slowdown for the economy and global growth. These problems have been building for some time now and many of the problems now faced by China have stemmed from the economic policy decisions that the Government implemented to fight off the last crisis.
BullionStar took the opportunity to translate a speech by Teng Wei, Deputy General Manager of the SGEI, named "How China's Gold Market Can Help The RMB Achieve International Status" that was held at the Renminbi World summit in Beijing on the 29th and 30th of November 2016.
From the moment Donald J. Trump got elected as the next President of the United States, on November 8, 2016, the price of gold tumbled 8% in the remainder of the month - from $1,282 USD/oz to $1,178 USD/oz. Usually these cascades in the gold price go hand in hand with physical selloffs in the West and strong demand Asia. It appears November has been no exception. The volume of physical gold withdrawn from vaults of the Shanghai Gold Exchange (SGE) in November accounted for 215 tonnes, the highest amount in ten months.
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The supply and demand data of the firms falsely presents gold to be more of a commodity than a currency.
To identify the most liquid Chinese stocks traded on the Hong Kong Exchange, we can use the iShares FTSE/Xinhua China 25 (NYSEARCA:FXI). This tracks the FTSE/Xinhua China 25 index and offers exposure to 25 of the largest and most liquid Chinese stocks. The index is a market capitalization weighted index subject to a 10% weighting cap.
At the LBMA conference in Vienna, which was held from 18th to 20th October 2015, the executive director of the Austrian central bank, Peter Mooslechner, was interviewed by the editor-in-chief for Kitco News, Daniele Cambone. You can watch the interview here. This particular interview is interesting, because the central banker from Austria made some exceptional remarks about repatriating gold, and indirectly about gold management by central banks around the world in our current economic climate.
On a firmly rising gold price, the UK is one of the largest net importers of gold in 2016. The gold price went up 25% from $1,061.5 per troy ounce on January 1 to $1,325.8 on June 31. Over this period, the UK net imported 583 tonnes and GLD inventory mushroomed by 308 tonnes.
* Fitch assigns final 'A' ratings to Bank Of China's green bonds Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)