All this week we’ve been on a mission for you, dear reader. We’ve been looking for the one sector or industry that’s going to drive the Australian share market higher with breakthrough earnings and profits. But maybe we’ve been looking in the wrong place. Maybe it’s a simple as Japan. Japan is not a sector, of course. It’s an island …
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THE use of the yuan worldwide surged to a record high in December partly due to increased yuan deposits in Hong Kong, a report showed yesterday. The monthly indicator that tracks the globalization of the yuan, compiled by the Standard Chartered Bank, jumped 2.8 percent, the largest since August 2012, to 748 in December from November’s 728 partly due to …
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(Reuters) – Southeast Asian nations and Japan, South Korea and China may double the size of a facility created to help each nation fight currency volatility, the Wall Street Journal said on Monday, quoting an Association of Southeast Asian Nations official. The group is considering increasing to $240 billion the funds that could be drawn through the Chiang Mai Initiative …
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China’s central government wrapped up the National Financial Work Conference which is held every five years. Not surprisingly, no significant reforms were announced as politicians are reluctant to push major reforms in the face of an uncertain global outlook and a domestic leadership change. Though the conference is meant for strategic long-term planning, the conference memo (based on Premier Wen’s …
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