China's foreign exchange reserves exceeded forecasts in June

China has the largest foreign exchange reserves in the world. According to the People’s Bank of China, in June their volume increased by $18.23 billion compared to May, reaching $3 trillion 119.23 billion. This is the highest figure since April last year. Experts have tentatively estimated the country's reserves at $3 trillion 103 billion. Due to the depreciation of the dollar and the rising cost of government bonds, the growth of foreign exchange reserves in the PRC was observed for two months in a row. The dollar index last month fell by 1.62%, and the yuan against the dollar fell by only 0.49%. Thus, in June, there was no need to use the reserves of the Central Bank of China. The Chinese Central Bank increased its gold reserves to 61.94 million troy ounces. Following the results of the 7th consecutive month, the volume of purchases of this precious metal grew.

09.07.2019
interessante

Money markets slash rate cut expectations after EU and Britain seal Brexit deal

Money markets slash rate cut expectations after EU and Britain seal Brexit deal Money markets further scaled back expectations for interest rate cuts from European Central Bank of England after Brussels and London announced that they had agreed ...
17.10.2019

UK government puts pressure on US over whisky tariffs; trade minister says

UK government puts pressure on US over whisky tariffs; trade minister says Britain is putting pressure on the United States to rethink a decision to impose tariffs on Scottish whisky, trade minister Liz Truss said on Thursday. The United States ...
17.10.2019

German car parts supplier Brose to cut 2,000 jobs as auto sector struggles

German car parts supplier Brose to cut 2,000 jobs as auto sector struggles German autos supplier Brose Group said on Thursday that it was cutting over 2,000 jobs in Germany in the coming years due to a slump in earnings. The car parts supplier ...
17.10.2019

Italy to introduce tax on digital companies in 2020

Italy to introduce tax on digital companies in 2020 Italy has approved a new tax on digital companies as part of its 2020 draft budget along with plans to introduce the new measures next year. The levy will oblige web-based companies to pay ...
16.10.2019

Kazakhstan’s Kashagan oil output falls due to unplanned maintenance

Kazakhstan’s Kashagan oil output falls due to unplanned maintenance Production of oil and gas condensate at Kazakhstan as its Kashagan project decreased due to unplanned maintenance according to the energy ministry. While it declined ...
16.10.2019
errore
Contattaci con noi