Category Archives: Standard Chartered
Frontrunning: July 31
HSBC, miners lift European shares as dollar holds near lows (Reuters) Republicans Face Tough Choice: Repeal Obamacare or Cut Taxes (BBG) Trump’s Decisions Deepen Divide Among Republicans (WSJ) Koch Brothers Move to Back White House’s Tax-Cut Plan (BBG) Maduro Waits for U.S. Response After Violent Venezuela Vote (BBG) OPEC Has a Crippling Problem: Its Members […]
Lagarde Hints At IMF Being Based In China In Future
In a comment sure to stir up questions over dollar hegemony (and new world order conspiracy thoughts), IMF Managing Director Christine Lagarde admitted during an event today in Washington that The International Monetary Fund could be based in Beijing in a decade. As Reuters reports, Lagarde said that such a move was "a possibility" because […]
“Incredibly Aggressive” China Crushes Yuan Bears: CNH Surges Most On Record As Deposit Rate Hits 80%
Last night we were amazed to report that with China starting its trading day, the overnight offshore yuan (CNH) deposit rate had exploded 31.5% points higher to 45%, in a move which while freezing interbank liquidity and unleashing havoc to short-term bank funding needs, had the more direct intention of crushing Yuan shorts, by making […]
“There’s Chaos Everywhere” – Indians Angry As ATMs Run Dry After Cash Ban
The blowback from the world's latest strike in the war on cash is unraveling fast in India. This week's decision by PM Modi to ban some high-denomination banknotes (on the premise of fighting corruption) has left "chaos everywhere" according to one official who accused the prmeier of wreaking havoc on the poorest Indians. As Reuters […]