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August 2015

According to the SMH: Five reasons the China ‘currency crisis’ is a beat-up

1. Compared with a real crisis, it doesn’t rate;

2. The yuan was overvalued, and still is;

3. Allowing the yuan to trade more freely is the right thing to do;

4. China has considered the West with its timing;

5. A lower yuan is not all bad news for the Wes.

For further details see the Full Article.

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Aussie John Symond says loan changes could help foreign investors

Aussie Home Loans founder John Symond has suggested a clampdown on lending to housing investors may be giving foreign investors an advantage in the market, as new lending to investors cool…Full Article.

Yuan devaluation won’t stop Chinese investments in Australian property

The unexpected devaluatation of the Chinese currency this week could drive an increase in the amount of money being invested in Australian property, industry experts believe.

While global markets recoiled in shock from the move by the People’s Bank of China on Tuesday, property experts said that contrary to some forecasts the move would work in Australia’s favour…..Full Article.

BHP turns 130!

“From humble beginnings in Broken Hill, New South Wales, to the global mining powerhouse it is today, BHP Billiton’s empire is one of the world’s largest and most iconic.” More details

Rio Tinto’s sale of Australian coal assets has drawn interest from New Hope Corporation, potentially pitting it against Glencore and former Xstrata head Mick Davis, people familiar with the matter said. Full Article

China’s currency devaluation continues to impact economies around the world including Australia. While the country’s struggling share market dipped even further.Some economists say the lower yuan will help boost some sectors of the Aussie economy.

China yuan devaluation may be good for miners says IG Group’s Mahony

Joshua Mahony, market analyst at IG Group, suggests the mining sector could be a long-term beneficiary of a weaker yuan.
China’s devaluation of the yuan this was bad news for mining stock, as it exacerbated worries about the country’s future demand for raw materials, but the analyst has a different view.

Global implications of recent activity surrounding the falling Chinese Yuan.

China, the Yuan, and potential outcomes.

China on Tuesday devalued its currency in a way that left it 1.9% weaker versus the U.S. dollar. The move will likely have a ripple effect through financial markets as well as in politics, as China is the world’s largest trader and the yuan is increasingly used overseas. – WSJ

Related Articles

WSJ: Cheaper Chinese Currency Has Global Impact

WSJ: Why China Devalued the Yuan

WSJ: IMF Says China’s Yuan Isn’t Undervalued, Despite Decline

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