Monthly Archives: August 2025
In a private meeting, Whitmer informed Trump that his tariffs negatively impact Michigan’s automotive sector
Written on August 11, 2025 at 1:31 am, by
Whitmer warns Trump tariffs hurt Michigan autos, seeks storm aid, and delay on Medicaid changes.
The PBOC has set the USD/CNY reference rate at 7.1405, lower than the estimate.
Written on August 11, 2025 at 1:30 am, by
PBOC sets yuan reference rate stronger than expected; injects liquidity but net financial drain remains.
China’s lithium production cuts have raised concerns over oversupply, affecting market sentiment and stocks
Written on August 11, 2025 at 1:00 am, by
CATL halts lithium mine operations, sparking market speculation; Australian lithium stocks and index reach highs.
The PBOC will likely set the USD/CNY reference rate at 7.1845, as per Reuters estimates
Written on August 11, 2025 at 12:30 am, by
The PBOC sets the yuan’s daily midpoint, guiding trading within a controlled 2% fluctuation band.
China’s July data reveals declining producer prices and flat consumer prices, indicating persistent economic challenges
Written on August 11, 2025 at 12:00 am, by
China’s factory-gate prices dropped again in July; consumer inflation remained flat amid weak domestic demand.
The Reserve Bank of Australia is anticipated to decrease its cash rate by 25 basis points
Written on August 10, 2025 at 11:30 pm, by
RBA expected to cut rates; banks predict easing, but Governor Bullock likely to maintain hawkish tone.
Nvidia and AMD are reported to agree on a 15% revenue tax for chips sold to China
Written on August 10, 2025 at 11:00 pm, by
Nvidia and AMD to give U.S. 15% of China chip sales revenue for export license approvals.
Fed Governor Bowman advocates for three interest rate reductions, highlighting labour market weakness and economic slowdown
Written on August 10, 2025 at 10:30 pm, by
Fed’s Bowman urges three rate cuts, citing weak labor market and favoring a shift to neutrality.
US equity index futures trade on Globex, with the S&P 500 and Nasdaq both rising
Written on August 10, 2025 at 10:30 pm, by
US futures rise; Nvidia, AMD to reroute China revenues; Bowman hints rate cut; China inflation steady.
US equity index futures set to open unfavourably due to Nvidia and AMD’s deal with government
Written on August 10, 2025 at 10:00 pm, by
Nvidia and AMD to share 15% China chip sales revenue with US for export license access.
