Live Updates

29

Aug 2025
The PBOC establishes USD/CNY midpoint at 7.1030, showcasing the yuan’s strength and recent adjustments

PBOC sets strongest yuan midpoint since November; injects 421.7 billion yuan via reverse repos to stabilize liquidity.

29

Aug 2025
Caterpillar foresees a tariff impact of US$1.5bn to 1.8bn, causing a share price decline

Caterpillar lowers profit margin outlook as tariff impact grows to up to $1.8B, shares dip afterwards.

29

Aug 2025
Chancellor Rachel Reeves may enhance revenue through a windfall tax on banks’ excessive profits

UK considers windfall tax on banks’ profits from deposits, potentially raising billions for fiscal space.

29

Aug 2025
The PBOC is anticipated to establish the USD/CNY reference rate at 7.1274 according to Reuters

PBOC sets daily USD/CNY midpoint at 7.1274, allowing 2% fluctuation within managed exchange band.

29

Aug 2025
Japan’s July data reveals a decline in industrial output and lower-than-expected retail sales growth

Japan’s industrial production drops 1.6% in July; modest retail sales growth beats expectations but slows.

28

Aug 2025
Tokyo’s inflation reached 2.6% annually, prompting considerations for further Bank of Japan interest rate increases

Tokyo’s core inflation rose 3.1%, the highest since January 2024, amid steady wage and price gains.

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