A light economic calendar this week should keep the Euro in the market’s favor, particularly against the Australian, New Zealand, and US Dollars, which it has fared quite well against in recent weeks amid rising political pressure out of the United States and greater selling pressure in the commodity complex.
USD/JPY witnessed its first decline in six weeks this past week. While there looms a range of both domestic and global event risk in the coming week, the focus is likely to default to general evaluations of sentiment.
Taiwan military on Monday kicked off five days of live fire drills involving all forces in various parts of the island as part of its most important annual exercise to repel a simulated multi-prong attack by the mainland amid souring cross-strait relations. A batch of war planes, including P-3C anti-submarine craft, Mirage 2000 and F16 […]
China has not been able to curb a thriving black market for human placentas – believed to provide nutrients and health benefits for new mothers – which are often illegally sourced from hospitals, a newspaper investigation has found. The trade in human placentas is banned in China, but the black market is alive and well, […]
Tourists don’t need to travel to Xian to see China’s famous terracotta warriors any more – they can now see them from the comfort of their home on a virtual tour. Described as the eighth wonder of the world, the army of soldiers buried with the first Qin dynasty emperor more than 2,200 years ago […]
Chinese insurers, some of whom just had their wings clipped after a boom in wealth management products went awry, are being mobilised to pour the world’s biggest pool of premium income to help close a potential funding gap in the government’s multibillion yuan infrastructure buildup along the old Silk Road. Starting immediately, procedures will be […]
China has developed a sophisticated counter-espionage system enabling it to make significant blows against US spying on the mainland, according to observers. The comments came after The New York Times reported on Saturday that Beijing has dismantled CIA spying networks in China, with at least a dozen American sources in the country detained or killed […]
China’s government has stepped into the country’s bicycle-sharing industry, issuing its first set of rules to instil discipline and best practice, after more than 30 companies sprouted in major cities in less than a year, creating a multibillion yuan industry with millions of users but with a multitude of social issues and annoyances. Customers who […]
A New York Times report on Sunday suggested that Beijing “systematically dismantled” the US Central Intelligence Agency’s (CIA) spying operations in China from late 2010 to end of 2012. It said between 18 to 20 agents had been killed or jailed, including one who was allegedly shot in the courtyard of a government building in […]