Thursday, April 27, 2017

Tag: EMEs

China Considers Options to Back Yuan, Curb Outflows

China has studied possible scenarios for the yuan and capital outflows this year and is preparing contingency plans, according to people familiar with the matter. The offshore yuan surged the most in a year. The authorities have used stress tests, models and field research, said the people who asked not...

Bonds bloodied as Trump spending plans spur dollar

Routs in global bonds and emerging markets intensified, while the dollar climbed with base metals as investors positioned for the wave of fiscal stimulus that Donald Trump has pledged to unleash. The yield on 30-year Treasuries rose to the highest since January, with last week’s record debt selloff bleeding into...

UN fears third leg of the global financial crisis – with prospect of epic...

The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history. It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal...
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An Overview of the Economic Outlook and Monetary Policy of the United States

Description Lael Brainard, a member of the Board of Governors of the Federal Reserve, discusses the current economic outlook of the United States and the monetary policies of the U.S. Federal Reserve. Brainard reflects on the challenges the U.S. economy faces with a potential interest rate rise on the horizon....

At Conference of Elites, the Distress of Others Is an Investment Opportunity

I’m reasonably certain I was the only attendee arriving to the Milken Institute Global Conference by Los Angeles public bus. The organizers recommended that, with parking at a premium around the Beverly Hilton, people use “limo, Uber, Lyft, or taxi,” in that order. A fifth option was presumably a corporate...

Saudi Arabia’s Deputy Crown Prince Outlines Plans: Transcript

Bloomberg’s Editor-in-Chief John Micklethwait and five other Bloomberg journalists spent five hours talking to Saudi Deputy Crown Prince Mohammed bin Salman in his palace compound in Riyadh. In the wide-ranging interview, Prince Mohammed discussed selling shares of Saudi Aramco, the National Transformation Program, energy markets and U.S.-Saudi relations. Below is...

Dollar Falls to Five-Month Low on Slower Fed Rate Path Outlook

The dollar fell to a five-month low against the euro on speculation the Federal Reserve will take a slower path to higher interest rates as the central bank factors in headwinds from slowing global economic growth. A gauge of the U.S. currency headed for the biggest quarterly loss since 2010...

It’s lonely out there for central bankers in a low growth world

A blockbuster week for global monetary policy ended on a whimper and started with a bang. Central bankers round the world are realising their pump-priming policy actions are having a diminishing impact, an awkward insight just as they're forced to be more experimental and more risky. The next obvious trick is...

Global finance faces $9 trillion stress test as dollar soars

The world is more dollarized today that any time in history, and therefore at the mercy of the US Federal Reserve as rates rise. Sitting on the desks of central bank governors and regulators across the world is a scholarly report that spells out the vertiginous scale of global debt...

Uneasy calm gives way to turbulence

The Federal Reserve's interest rate lift-off in December did little to disturb the uneasy calm that had reigned in financial markets in late 2015. But the new year had a turbulent start, featuring one of the worst stock market sell-offs since the financial crisis of 2008. At first, markets focused...

Russia Calling Off Dollar Buying Bolsters Ruble as Oil Gains

The ruble ended five days of losses as the Bank of Russia stopped daily purchases of foreign exchange, signaling policy makers don’t want to add impetus to the currency’s decline before an interest-rate decision this week. The ruble rallied as much as 1.8 percent after the central bank said it...

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