2
Apr
Posted by Emvertex

According to recent data released by the international monetary fund (IMF), the proportion of RMB assets held by central Banks in foreign exchange reserves rose to 1.89% in the fourth quarter of 2018, surpassing Australian and Canadian dollars and the highest level since the IMF reported RMB reserve assets in October 2016. According to the latest quarterly data on the composition of official foreign exchange reserve currencies released by the IMF, as of the fourth quarter of last year, RMB…

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25
Feb
Posted by Emvertex

The dollar was little changed as the minutes of the fed's January meeting maintained a "dovish" tone, indicating flexibility on whether to raise interest rates and considering a possible end to its tightening soon.Despite recent optimism about the outcome of the u.s.-china trade talks, franklin said there is still some safe-haven demand for the dollar as the March 1 deadline approaches, but the fed will continue to favor a dovish tone and limit dollar moves. U.S. President Donald trump signaled…

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14
Feb
Posted by Emvertex

Last year, the investment into the blossoming fintech sector of the United Kingdom broke records as the startups of the country reached a new stage in their growth journey. According to the data that was published by In novate Finance today, the private equity and venture capital investment in British fintech increased to an all-time high of $3.3 billion (£2.6 billion), an increase of 18 percent as compared to the levels recorded in 2017. Significantly, the growth in private equity…

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30
Jan
Posted by Emvertex

Hong Kong stocks fell slightly in the first few minutes of Wednesday as nervous investors await the conclusion of a Federal Reserve policy meeting, while Chinese and US officials prepare for crucial trade talks. The Hang Seng Index edged down 0.29 per cent, or 79.15 points, to 27,452.53. The benchmark Shanghai Composite Index gave up 0.37 per cent, or 9.50 points, to 2,584.75 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.53 per cent, or…

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