The Impact of China Devaluing the Yuan


On August 5, 2019, the People’s Bank of China set the yuan’s daily reference rate below 7 per dollar for the first time in over a decade. This, in response to new tariffs of 10% on $300 billion worth of Chinese imports imposed by the Trump administration, set to go into effect September 1st, 2019.… Continues

China may halt French police cooperation over Interpol case: source


Meng Hongwei, the former president of Interpol who went missing in September 2018 during a trip to China, has since pleaded guilty to Chinese bribery charges (AFP Photo/ROSLAN RAHMAN)

Paris (AFP) – Chinese officials are threatening to stop all police cooperation with France after it gave political asylum to the wife of the former Interpol chief, a Chinese national now languishing in prison on charges of bribery, a French source close to the matter said Monday.… Continues

Philippines sends ex-rebels on lavish trip abroad in surrender push


Former NPA rebels were sent shopping in Hong Kong, as the Philippines urges insurgents to lay down their arms (AFP Photo/Dale DE LA REY)

The Philippines has sent scores of former communist rebels on an all-expenses paid foreign shopping trip, in an attempt to end one of Asia’s longest-running insurgencies, the military said Monday.… Continues

Dow Futures Dive as China Retaliates on Trade; Yuan Falls to Decade Low v Dollar

U.S. equity futures fell sharply Monday, while stocks in Asia suffered the biggest single-day decline in nine months, as Beijing hit back at President Donald Trump’s move to accelerate tariffs on China-made goods by allowing the yuan to slip to the lowest levels against the dollar in more than a decade.