Profile

Cover photo
foxforce
4,425 followers|518,006 views
AboutPostsCollectionsPhotosVideos

Stream

foxforce

Shared publicly  - 
 
This is the first renminbi bank card to be issued in Europe by Bank of China. 
BUDAPEST - Bank of China in Hungary and China UnionPay issued the first Chinese renminbi and Hungarian forint debit card here on Monday. This is the first renminbi bank card to be issued in Europe by Bank of China. The card will operate in Hungarian forints as well as Chinese renmibi. People can ...
1
Add a comment...

foxforce

Shared publicly  - 
 
TPP’s real goal was to go far beyond trade, a deal with real strategic importance. TPP was meant to be a clear indicator that America has and will always forever be locked to the future of Asia — no matter how many fake islands China builds or how much it tries to bully its neighbors.

It was Asia’s safety blanket insurance that Washington was in Asia to stay, no matter what happened, now and into the un-seeable future.

What Happens Next Will Be Vital for the Trump Administration.
1
Add a comment...

foxforce

Shared publicly  - 
 
The Chinese currency question is important because if Treasury declares Beijing a currency manipulator, it starts a process under which the Trump administration is required by law to demand special negotiations with Beijing to resolve the issue. That process could end in punitive duties on Chinese goods aimed at eliminating any advantage that the currency manipulation will provide.
Treasury secretary nominee Steven Mnuchin has told senators that he will work to combat currency manipulation but did not give a clear answer on whether he
1
Add a comment...

foxforce

Shared publicly  - 
 
Since the 25 January Revolution in 2011, Egypt’s foreign currency reserves were used to support Egypt’s important imports at a time that witnessed a lack of inflow of foreign currencies. It was also used to support the Egyptian pound against the US dollar to postpone the effect of the low demand on the Egyptian pound. …
foreign currency reserves - Since the 25 January Revolution in 2011, Egypt’s foreign currency reserves were used to support Egypt’s important imports at a time that witnessed a lack o
1
Add a comment...

foxforce

Shared publicly  - 
 
Asia’s worst-performing emerging-market currency in the past year is being tipped as the one likely to suffer least from the global slings and arrows of 2017.
Asia’s worst-performing emerging-market currency in the past year is being tipped as the one likely to suffer least from the global slings and arrows of 2017.
1
Add a comment...

foxforce

Shared publicly  - 
 
A U.S. judge on Monday narrowed but refused to dismiss a lawsuit seeking to hold Deutsche Bank AG (DBKGn.DE) liable to investors, including dozens of portfolios from BlackRock Inc (BLK.N) and Pacific Investment Management Co, for losses on poorly underwritten residential mortgage-backed securities.

The proposed class-action lawsuit sought to recover "significant monetary damages" arising from Deutsche Bank's alleged "failure to discharge its essential duties" as trustee of 62 trusts created between 2004 and 2008, and which issued notes backed by about $90.3 billion of home loans.
A U.S. judge on Monday narrowed but refused to dismiss a lawsuit seeking to hold Deutsche Bank AG (DBKGn.DE) liable to investors, including dozens of portfolios from BlackRock Inc (BLK.N) and Pacific Investment Management Co, for losses on poorly underwritten residential mortgage-backed securities.
1
Add a comment...

foxforce

Shared publicly  - 
 
Mexico seems to have decent fundamentals overall, and its major economic indicators are healthy. It remains a relatively cheap country in terms of average GDP per capita and hourly wage costs, so local production of goods & services should continue to be strong.

On the negative side, it’s worth noting that Mexico has the second highest economic disparity between extremely poor & extremely rich among OECD countries. However, the main reason why the Peso has been vulnerable in the past couple of years is Donald Trump. When it comes to corporate investment and jobs, his “war” on Mexico has been relentless. He made it one of his main campaign points to return jobs & production from Mexico back to the US. There have already been a couple of blockbuster announcements, the most notable one being Ford scrapping a $1.6bn plant in Mexico and opting instead to spend $700m in Michigan. This all sounds nice and patriotic, however one must also look at the long-term feasibility of such corporate decisions and search the reasons why such seemingly uneconomic plans could be made. Could this be just a clever publicity stunt, or is it a legitimate long-term policy? 
1
Add a comment...

foxforce

Shared publicly  - 
 
"Demand for outbound investment will likely remain strong in 2017 as Chinese investors continue to look for diversification on the back of the expectation of lower cap rates of core assets in China," said Catherine Chen, DTZ/Cushman & Wakefield's head of capital markets."Nevertheless, the recent government controls on capital outflows will likely lengthen the time it takes to complete a transaction, and as a result we expect deal volume to decrease slightly in 2017."
That's according to real estate advisory firms and as reported by Reuters - DTZ/Cushman & Wakefield saidit expected the deal volume of China's outbound property investment would drop slightly in 2017
1
Add a comment...

foxforce

Shared publicly  - 
 
"I think 2017 is going to be a year where we see a weaker dollar across the board," Gkionakis concluded. 
There is a fundamental case for the dollar to fall further from here, Unicredit's chief currency strategist told CNBC's Squawk Box on Tuesday.
1
Add a comment...

foxforce

Shared publicly  - 
 
Today's main event is due at 09.30 GMT 24 Jan

The issue is :"Does the Government have power to give notice pursuant to Article 50 of the Treaty on European Union of the United Kingdom's intention to withdraw from the European Union, without an Act of Parliament providing prior authorisation to do so?"
Today's main event is due at 09.30 GMT 24 Jan No early clues with GBPUSD steady around 1.2480 and EURGBP 0.8608 after reversals from 1.2548 to 1.2463 and 0.8582 to 0.8617
1
Add a comment...

foxforce

Shared publicly  - 
 
Banks must offer basic account options, as given to other vulnerable people, to assist those struggling with mental health conditions, a think tank says.
Banks must offer simple account options to help those with mental health conditions, a think tank says.
1
Add a comment...

foxforce

Shared publicly  - 
 
Companies may not opt to move to Amsterdam as the Netherlands has a cap on bonuses paid to bosses.
Companies may not opt to move to Amsterdam as the Netherlands has a cap on bonuses paid to bosses.
1
Add a comment...
foxforce's Collections
Collections foxforce is following
View all
Links
YouTube