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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAs a low-yielding currency, is the Chinese Yuan the next carry trade to unwind? Monica Hsiao from Triada Capital says the carry trade in Chinese Yuan is more about exporters hoarding U.S. dollars and less about speculative trades in tech stocks like what the Japanese Yen is used for.
Persons: Yuan, Monica Hsiao Organizations: Triada Capital
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo 'huge reflationary' consumer demand in China without property sector recovery: Hedge fundMonica Hsiao, chief investment officer and founder of Triada Capital, says much of China's urban wealth is tied to property as an asset.
Persons: Monica Hsiao Organizations: Triada Locations: China
The mainland port city of Volos, the surrounding mountainous Pelion area and the cities of Karditsa and Trikala were among the worst-hit areas. Civil Protection Minister Vassilis Kikilias said during a press briefing on Thursday that six people had been reported missing in the area of Karditsa. A senior fire brigade official told Reuters that the body of a man was found in the town of Domokos. [1/5]Locals are evacuated on a boat by volunteers, as storm Daniel hits central Greece, in Farkadona, Greece, September 7. Flash floods in Greece in 2017 killed 25 people and left hundreds homeless.
Persons: Daniel, Kyriakos Mitsotakis, Pavlos Marinakis, Marinakis, Vassilis Kikilias, Kostas Mantziaris, Palamas, Giorgos Sakellariou, Vasilios Vathrakogiannis, Lefteris Papadimas, Angeliki Koutantou, Renee Maltezou, Alex Richardson Organizations: Civil, Reuters, REUTERS, coastguard, Thomson Locations: Greece, Volos, Karditsa, Trikala, Thessaly, Domokos, Farkadona, Palamas, Agia Triada, Skiathos
CNN —More than 800 people have been rescued over the past two days from severe floods in Greece, local officials said, after extreme rainfall turned streets into deadly rivers, tore down buildings and bridges and left whole villages submerged. The rainstorms also hit neighboring Bulgaria and Turkey, killing at least 16 people across the three countries, including six in Greece. The downpour has lasted days, but is expected to weaken from Thursday afternoon, according to Greece’s meteorological service. Firefighting crews are seen on a collapsed bridge in the village of Kala Nera, in central Greece, September 7 2023. The severe flooding comes just days after a two-week deadly wildfire tore through the north of the country, killing at least 18 people.
Persons: Pavlos Marinakis, Stamos Prousalis, Vassilis Kikilias, Palamas, Megala, , Kikilias, Konstantinos Tsakalidis, Marinakis Organizations: CNN, Residents, Bloomberg, Getty Images, Police Locations: Greece, Bulgaria, Turkey, Thessaly, Volos, Karditsa, Trikala, Kala Nera, Proastio, Agia Triada, Larissa, Attica, Athens
The rout has sparked concern that the fallout could also affect, more broadly, confidence in India. GEORGE BOUBOURAS, HEAD OF RESEARCH AT K2 ASSET MANAGEMENT, MELBOURNE (UNDERWEIGHT ON INDIA)"The Adani effect works both ways given the market cap relative to index. "To attract more capital the Indian economy needs more FTAs (free-trade agreements) and more financial market reform - a long process." Given there has not been any significant change for now for the market valuation, the market remains overall expensive in our view." Adani is a known levered name in India, so I would think most participants should not associate the same issues for other Indian assets."
Many holders of China high yield bonds have seen them trading below 20 cents on the dollar. The in-default bonds of property company Sunac China (1918.HK) maturing in 2025 trade at 6 cents to a dollar. The average return of the top 10 Asia high yield bonds is down more than 30% this year, Morningstar data shows, of which Fidelity Funds' Asian High Yield Fund and UBS's SICAV - Asian High Yield (USD) had shed more than 40% as of Oct. 27. Value Partners’ Greater China High Yield Income Fund was down 37% as of the end of September. While there are select bonds that have upside, China high yield as an asset class is currently “uninvestable", she said.
Da, noi vă povesteam despre această ciudăţenie a istoriei într-un alt articol , dar tocmai această ciudăţenie parcă începe să contureze ce ar putea să caute azi o Volga GAZ-M21 în Olanda! Da, sub capota acestei Volga e tocmai acest propulsor de 85 de cai-putere. Cutia de viteze e cea standard, pusă pe aceste modele, ea fiind aceeaşi cu care GAZ M-21 debutase în 1956 — o cutie manuală cu 3 trepte, cu manivelă pe volan. Volga GAZ M21 / Sursa:PiataAuto.mdAşadar, maşina a fost restaurată, dar restaurarea a avut loc într-un stil care să păstreze autenticitatea. Mai multe imagini, dar și prețul cu care această Volga GAZ M-21 e vândută acum în Olanda, poți afla din articolul desfășurat de pe PiataAuto.md.
Persons: maşina Organizations: Peugeot, Volga, M21 Locations: Brumenn, Belgia, Olanda, Luxemburg, Benelux, olandez, Europa de Est
Fluctuația cursului valutar, de ce depinde și ce trebuie să cunoaștem despre ea. Este vorba despre cursul de referință, care se stabilește zilnic, precum și cursul de piață, care se formează la nivel interbancar. Este vorba despre factori economici interni, care țin de volumul producției, productivitatea muncii, calitatea bunurilor, puterea de cumpărare etc. Veaceslav Ioniță, expert economic „IDIS Viitorul”, susține că atunci când vine vorba despre cursul valutar, cetățenii, de regulă, acordă atenție la euro și dolar. Și aici este vorba despre remitențele de peste hotare, exporturile peste hotare, în schimbul căror intră valută în țară, dar și despre creditele externe, atât pe filiera sectorului public, cât și privat.
Persons: Igor Boțan, Veaceslav Ioniță, Veaceslav Negruța, BNM, ., Hanns Seidel Organizations: Banca, a Moldovei, Moldova, Banca Națională Locations: Republica Moldova
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