Barron’s (January 24)
“The continued slide in Chinese stocks toward lows set more than a decade ago may be mobilizing Beijing’s policymakers into action. But it isn’t clear if it will be enough to help the country’s embattled economy or improve sentiment in a meaningful way.”
Tags: Action, Beijing, China, Clear, Economy, Embattled, Lows, Meaningful, Mobilizing, Policymakers, Sentiment, Slide, Stocks
Reuters (March 11)
“Nearly three years with no U.S. bank failures just came to an unseemly end.” The FDIC took Silicon Valley Bank into receivership “after a slide in deposits and a hasty capital raising failed to restore confidence. By acting quickly, regulators have stopped one crisis, but may have laid the groundwork for more.”
Tags: Bank, Capital raising, Confidence, Deposits, Failures, FDIC, Hasty, Receivership, Regulators, Silicon Valley Bank, Slide, U.S., Unseemly
Reuters (August 8)
“Sterling’s recent slide is not yet over as the chances Britain and the European Union part ways without a withdrawal deal have jumped again after arch-Brexiteer Boris Johnson took over as prime minister last month.”
Bloomberg (August 10)
“The slide in China’s currency paused this week after jawboning by the central bank,” but the rout may not be over. “The ripples of the yuan’s 4.7 percent drop this year may be just starting to spread to the country’s neighbors” such as Vietnam, where the “dong has been moving steadily closer to the edge of its 3 percent daily trading band against the dollar over the past two weeks, as traders bet on faster depreciation.” Moreover, Vietnam is only half caught up with the drop in China’s currency, “suggesting further depreciation is possible – particularly if the yuan resumes its decline.”
Tags: Central bank, China, Currency, Depreciation, Dong, Ripples, Rout, Slide, Trading band, Vietnam, Yuan
