renminbi

The internationalisation of the renminbi is well underway

SINGAPORE (July 12): Some 75 years ago, the Bretton Woods agreement was signed, making the US dollar the world’s reserve currency. But now, there is talk of an alternative: China’s renminbi.

SINGAPORE (July 15): The ongoing diplomatic crisis between the US and its longstanding “special” ally, the UK, is not doing the former’s global reputation any favours, especially with its commander-in-chief’s approach towards foreign policy and in

SINGAPORE (July 15): The ongoing diplomatic crisis between the US and its longstanding “special” ally, the UK, is not doing the former’s global reputation any favours, especially with its commander-in-chief’s approach towards foreign policy and in

Seventy-five years after the Bretton Woods agreement was signed, making the US dollar the world’s reserve currency, there is talk of an alternative. The US’ weaponising of its currency may well accelerate the process.

SINGAPORE (July 28): UOB Kay Hian is maintaining its “buy” call and target price of $2.26 for China Aviation Oil (CAO), leaving its 2017-2019 forecasts unchanged as the group yesterday delivered its 2Q results in line with expectations.

SINGAPORE (Jan 5): In the past two weeks, the People’s Bank of China’s (PBOC) daily USD-RMB midpoint fix has underestimated foreign exchange movements.

SINGAPORE (Jan 5): UOB Kay Hian is maintaining its “buy” call on China Aviation Oil (CAO) with a higher target price of $2.01 from $1.90 previously, raising its 2016 earnings estimates for CAO by 7.5% as it notes the oil market is now in contango and

SINGAPORE (Dec 15): GLP, the owner and operator of modern warehousing facilities, could be most affected by the liquidity curbs introduced in China given that the latter accounts for over 56% of its NAV, says UOB Kay Hian in a Tuesday report.