Dalio Says Yuan Will Be a Reserve Currency Faster Than Expected
November 2nd, 2020, 6:52 PM GMT+0800

Prime minister and vice president of the United Arab Emirates and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has said he received a coronavirus vaccine shot.

“We wish everyone safety and great health, and we are proud of our teams who have worked relentlessly to make the vaccine available in the UAE,” he wrote on Twitter on Tuesday.

Prime minister and vice president of the United Arab Emirates and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has said he received a coronavirus vaccine shot.

“We wish everyone safety and great health, and we are proud of our teams who have worked relentlessly to make the vaccine available in the UAE,” he wrote on Twitter on Tuesday.

Prime minister and vice president of the United Arab Emirates and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has said he received a coronavirus vaccine shot.

“We wish everyone safety and great health, and we are proud of our teams who have worked relentlessly to make the vaccine available in the UAE,” he wrote on Twitter on Tuesday.

Prime minister and vice president of the United Arab Emirates and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has said he received a coronavirus vaccine shot.

UAE's vice president receives COVID-19 vaccine

UAE's vice president receives COVID-19 vaccine

UAE's vice president receives COVID-19 vaccine

KUALA LUMPUR (Nov 3): Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 1.75% today as the country’s economic activity is projected to improve further and as the central bank expects the nation’s underlying inflation to remain subdued as the world economy contends with the resurgence in Covid-19 cases.

KUALA LUMPUR (Nov 3): Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 1.75% today as the country’s economic activity is projected to improve further and as the central bank expects the nation’s underlying inflation to remain subdued as the world economy contends with the resurgence in Covid-19 cases.

The Reserve Bank has cut the official cash rate today to an all-time low of 0.10 per cent from 0.25 per cent.
This effectively takes the cash rate to near negative interest rates on Melbourne Cup day.

The Reserve Bank has cut the official cash rate today to an all-time low of 0.10 per cent from 0.25 per cent.
This effectively takes the cash rate to near negative interest rates on Melbourne Cup day.

The Reserve Bank has cut the official cash rate today to an all-time low of 0.10 per cent from 0.25 per cent.
This effectively takes the cash rate to near negative interest rates on Melbourne Cup day.

KUALA LUMPUR (Nov 2): Malaysia's central bank is seen holding its key rate steady on Tuesday, according to a slim majority in a Reuters poll, amid a fresh surge in coronavirus cases and political uncertainty tied to a challenge to Prime Minister Tan Sri Muhyiddin Yassin's leadership.

Bank Negara Malaysia's (BNM) last monetary policy committee meeting for the year also comes just days before Muhyiddin's administration presents its first budget. Muhyiddin has said the budget will focus on measures to counter the economic impact of the Covid-19 pandemic.

Nine out of 17 economists polled expect Bank Negara Malaysia (BNM) to keep its overnight policy rate at a record low of 1.75%, after having already delivered 125 basis points of rate cuts this year.

KUALA LUMPUR (Nov 2): Malaysia's central bank is seen holding its key rate steady on Tuesday, according to a slim majority in a Reuters poll, amid a fresh surge in coronavirus cases and political uncertainty tied to a challenge to Prime Minister Tan Sri Muhyiddin Yassin's leadership.

Bank Negara Malaysia's (BNM) last monetary policy committee meeting for the year also comes just days before Muhyiddin's administration presents its first budget. Muhyiddin has said the budget will focus on measures to counter the economic impact of the Covid-19 pandemic.

Nine out of 17 economists polled expect Bank Negara Malaysia (BNM) to keep its overnight policy rate at a record low of 1.75%, after having already delivered 125 basis points of rate cuts this year.

KUALA LUMPUR (Nov 2): Malaysia's central bank is seen holding its key rate steady on Tuesday, according to a slim majority in a Reuters poll, amid a fresh surge in coronavirus cases and political uncertainty tied to a challenge to Prime Minister Tan Sri Muhyiddin Yassin's leadership.

Bank Negara Malaysia's (BNM) last monetary policy committee meeting for the year also comes just days before Muhyiddin's administration presents its first budget. Muhyiddin has said the budget will focus on measures to counter the economic impact of the Covid-19 pandemic.

Nine out of 17 economists polled expect Bank Negara Malaysia (BNM) to keep its overnight policy rate at a record low of 1.75%, after having already delivered 125 basis points of rate cuts this year.

Austria's government announced Saturday a second mass shutdown and a curfew starting next week until the end of November, in an attempt to halt rocketing coronavirus infection numbers.

Austria's government announced Saturday a second mass shutdown and a curfew starting next week until the end of November, in an attempt to halt rocketing coronavirus infection numbers.

Austria's government announced Saturday a second mass shutdown and a curfew starting next week until the end of November, in an attempt to halt rocketing coronavirus infection numbers.

Prime Minister Boris Johnson has announced a second national lockdown for England to prevent a "medical and moral disaster" for the NHS.

He said Christmas may be "very different" but he hoped taking action now would mean families can gather.

Pubs, restaurants, gyms and non-essential shops will have to close for four weeks from Thursday, he said.

But unlike the restrictions in spring, schools, colleges and universities can stay open.

Prime Minister Boris Johnson has announced a second national lockdown for England to prevent a "medical and moral disaster" for the NHS.

He said Christmas may be "very different" but he hoped taking action now would mean families can gather.

Pubs, restaurants, gyms and non-essential shops will have to close for four weeks from Thursday, he said.

But unlike the restrictions in spring, schools, colleges and universities can stay open.

Prime Minister Boris Johnson has announced a second national lockdown for England to prevent a "medical and moral disaster" for the NHS.

He said Christmas may be "very different" but he hoped taking action now would mean families can gather.

Pubs, restaurants, gyms and non-essential shops will have to close for four weeks from Thursday, he said.

But unlike the restrictions in spring, schools, colleges and universities can stay open.

Where in Europe is in lockdown?
Nearly all of Europe currently have some form of restrictions in place, with a few exceptions, including Sweden, Norway, and parts of Eastern Europe.

Poland has imposed a “red zone” lockdown, resulting in the closure of primary schools and restaurants.

Italy has moved to close bars and restaurants by 6pm each evening, and other recreational centre’s like swimming pools and gyms are also closed

Spain is ordering residents to stay at home between the hours of 11pm and 6am, with the exception of the Canary Islands.

The Czech Republic has imposed a partial lockdown.

Where in Europe is in lockdown?
Nearly all of Europe currently have some form of restrictions in place, with a few exceptions, including Sweden, Norway, and parts of Eastern Europe.

Poland has imposed a “red zone” lockdown, resulting in the closure of primary schools and restaurants.

Italy has moved to close bars and restaurants by 6pm each evening, and other recreational centre’s like swimming pools and gyms are also closed

Spain is ordering residents to stay at home between the hours of 11pm and 6am, with the exception of the Canary Islands.

The Czech Republic has imposed a partial lockdown.

Where in Europe is in lockdown?
Nearly all of Europe currently have some form of restrictions in place, with a few exceptions, including Sweden, Norway, and parts of Eastern Europe.

Poland has imposed a “red zone” lockdown, resulting in the closure of primary schools and restaurants.

Italy has moved to close bars and restaurants by 6pm each evening, and other recreational centre’s like swimming pools and gyms are also closed

Spain is ordering residents to stay at home between the hours of 11pm and 6am, with the exception of the Canary Islands.

The Czech Republic has imposed a partial lockdown.

LONDON: Coronavirus cases in England are now doubling every nine days, official figures showed Thursday, with the sharply increasing death toll piling pressure on the government to take national action.

Another 310 deaths of those testing positive for the virus were reported Wednesday – the second consecutive day of more than 300 fatalities.

LONDON: Coronavirus cases in England are now doubling every nine days, official figures showed Thursday, with the sharply increasing death toll piling pressure on the government to take national action.

Another 310 deaths of those testing positive for the virus were reported Wednesday – the second consecutive day of more than 300 fatalities.

LONDON: Coronavirus cases in England are now doubling every nine days, official figures showed Thursday, with the sharply increasing death toll piling pressure on the government to take national action.

Another 310 deaths of those testing positive for the virus were reported Wednesday – the second consecutive day of more than 300 fatalities.

BRUSSELS — France announced a second nationwide lockdown and Germany moved to the very edge of one on Wednesday, testing their pandemic-weary populations as they tried to stop a mounting new wave of coronavirus infections from swamping hospitals and undoing hopes of economic recovery.

The new measures followed on the heels of severe new restrictions in other European countries, from Belgium to Italy to the Czech Republic. While they mostly fell short of the total lockdowns of the spring — a “lockdown lite,” the Germans called it — they raised the specter of a dark winter of relative confinement, leaving leaders in Paris and Berlin pleading with their frustrated publics to follow the new rules.

BRUSSELS — France announced a second nationwide lockdown and Germany moved to the very edge of one on Wednesday, testing their pandemic-weary populations as they tried to stop a mounting new wave of coronavirus infections from swamping hospitals and undoing hopes of economic recovery.

The new measures followed on the heels of severe new restrictions in other European countries, from Belgium to Italy to the Czech Republic. While they mostly fell short of the total lockdowns of the spring — a “lockdown lite,” the Germans called it — they raised the specter of a dark winter of relative confinement, leaving leaders in Paris and Berlin pleading with their frustrated publics to follow the new rules.

BRUSSELS — France announced a second nationwide lockdown and Germany moved to the very edge of one on Wednesday, testing their pandemic-weary populations as they tried to stop a mounting new wave of coronavirus infections from swamping hospitals and undoing hopes of economic recovery.

The new measures followed on the heels of severe new restrictions in other European countries, from Belgium to Italy to the Czech Republic. While they mostly fell short of the total lockdowns of the spring — a “lockdown lite,” the Germans called it — they raised the specter of a dark winter of relative confinement, leaving leaders in Paris and Berlin pleading with their frustrated publics to follow the new rules.

Taiwan Dollar Tops Nine-Year High as Policymakers Allow Appreciation

Taiwan Dollar Tops Nine-Year High as Policymakers Allow Appreciation

Taiwan Dollar Tops Nine-Year High as Policymakers Allow Appreciation

Most recently, the European Central Bank had announced that it will start experimenting with a digital version of the euro, while holding a public consultation with targets to decide whether to launch a digital euro project towards mid-2021. ECB President Christine Lagarde was quoted saying: "The euro belongs to Europeans and we are its guardians. We should be prepared to issue a digital euro, should the need arise."

Most recently, the European Central Bank had announced that it will start experimenting with a digital version of the euro, while holding a public consultation with targets to decide whether to launch a digital euro project towards mid-2021. ECB President Christine Lagarde was quoted saying: "The euro belongs to Europeans and we are its guardians. We should be prepared to issue a digital euro, should the need arise."

Also in the process of development, the People's Bank of China's e-yuan has already been used for more than 1.1 billion yuan worth of transactions as part of a series of ongoing pilot programmes. The Digital Currency Electronic Payment would allow consumers and businesses to pay for goods with e-wallets rather than traditional banknotes.

Also in the process of development, the People's Bank of China's e-yuan has already been used for more than 1.1 billion yuan worth of transactions as part of a series of ongoing pilot programmes. The Digital Currency Electronic Payment would allow consumers and businesses to pay for goods with e-wallets rather than traditional banknotes.

The Monetary Authority of Singapore's Central Digital Currency project code-named "Ubin" has completed its final phase. Ubin is a collaborative project with industry to explore the use of Blockchain and Distributed Ledger Technology for the clearing and settlement of payments and securities, using a digital version of the Singapore dollar. The project concluded with the key finding that an international settlement network, modelled after this payment network prototype, could enable faster and cheaper transactions compared to conventional cross-border payment channels, proving commercial potential.

The Monetary Authority of Singapore's Central Digital Currency project code-named "Ubin" has completed its final phase. Ubin is a collaborative project with industry to explore the use of Blockchain and Distributed Ledger Technology for the clearing and settlement of payments and securities, using a digital version of the Singapore dollar. The project concluded with the key finding that an international settlement network, modelled after this payment network prototype, could enable faster and cheaper transactions compared to conventional cross-border payment channels, proving commercial potential.

As Thailand’s protests snowball, rattled royalists would rather blame a hidden foreign hand than look inward

As Thailand’s protests snowball, rattled royalists would rather blame a hidden foreign hand than look inward

China GDP: economy grew by 4.9 per cent in third quarter of 2020
China’s growth picks up from 3.2 per cent in the second quarter and a contraction of 6.8 per cent in the first quarter of 2020
Industrial production and retail sales grew by 6.9 per cent and 3.3 per cent respectively from a year earlier as investment turned positive for the first time this year
Topic | China GDP
Orange Wang
Orange Wang

Published: 10:00am, 19 Oct, 2020

Updated: 7:42pm, 19 Oct, 2020

China GDP: economy grew by 4.9 per cent in third quarter of 2020
China’s growth picks up from 3.2 per cent in the second quarter and a contraction of 6.8 per cent in the first quarter of 2020
Industrial production and retail sales grew by 6.9 per cent and 3.3 per cent respectively from a year earlier as investment turned positive for the first time this year
Topic | China GDP
Orange Wang
Orange Wang

Published: 10:00am, 19 Oct, 2020

Updated: 7:42pm, 19 Oct, 2020

China GDP: economy grew by 4.9 per cent in third quarter of 2020
China’s growth picks up from 3.2 per cent in the second quarter and a contraction of 6.8 per cent in the first quarter of 2020
Industrial production and retail sales grew by 6.9 per cent and 3.3 per cent respectively from a year earlier as investment turned positive for the first time this year
Topic | China GDP
Orange Wang
Orange Wang

Published: 10:00am, 19 Oct, 2020

Updated: 7:42pm, 19 Oct, 2020

October 21, 2020 11:26 am by Hudson Lockett in Hong Kong
China’s renminbi has hit its strongest level in more than two years, fuelling expectations Beijing will move to arrest the appreciation in the currency prompted by the country's robust recovery from the coronavirus crisis.

The renminbi gained as much as 0.5 per cent to Rmb6.64 against the dollar in trade within mainland China on Wednesday, marking its highest level in relation to the buck since July 2018. The onshore exchange rate has gained 4.7 per cent this year, while the less-regulated offshore renminbi rate is up 4.9 per cent.

October 21, 2020 11:26 am by Hudson Lockett in Hong Kong
China’s renminbi has hit its strongest level in more than two years, fuelling expectations Beijing will move to arrest the appreciation in the currency prompted by the country's robust recovery from the coronavirus crisis.

The renminbi gained as much as 0.5 per cent to Rmb6.64 against the dollar in trade within mainland China on Wednesday, marking its highest level in relation to the buck since July 2018. The onshore exchange rate has gained 4.7 per cent this year, while the less-regulated offshore renminbi rate is up 4.9 per cent.

October 21, 2020 11:26 am by Hudson Lockett in Hong Kong
China’s renminbi has hit its strongest level in more than two years, fuelling expectations Beijing will move to arrest the appreciation in the currency prompted by the country's robust recovery from the coronavirus crisis.

The renminbi gained as much as 0.5 per cent to Rmb6.64 against the dollar in trade within mainland China on Wednesday, marking its highest level in relation to the buck since July 2018. The onshore exchange rate has gained 4.7 per cent this year, while the less-regulated offshore renminbi rate is up 4.9 per cent.

http://www.chinamoney.com.cn/english/svcnrl/20191231/1496897.html#:~:text=CFETS%20RMB%20Index,of%20re%2Dexport%20trade%20factors.

http://www.chinamoney.com.cn/english/svcnrl/20191231/1496897.html#:~:text=CFETS%20RMB%20Index,of%20re%2Dexport%20trade%20factors.