PBoC Taking Steps to Limit RMB Yuan Fall After the Currency’s Blacklisting

PBoC Taking Steps to Limit RMB Yuan Fall After the Currency’s Blacklisting

$CNH, $CNY, $USD FLASH: China will not use its currency as a tool in its dispute with the US China took steps to slow it RMB Yuan’s dive, as the effects of Monday’s plunge weighed on financial markets. The People’s Bank of China (PBoE) set the daily currency fixing stronger than analysts expected and announced […]

US Set to ‘Blacklist’ 5 Chinese Firms

US Set to ‘Blacklist’ 5 Chinese Firms

$CNY, $INTC, $QCOM The Trump Administration is considering cutting off the flow of vital American technology to 5 Chinese companies including Hangzhou Hikvision Digital Technology Co., widening the dragnet beyond Huawei to include world leaders in video surveillance. The US is deliberating whether to add Hikvision, Zhejiang Dahua Technology Co. and several unidentified others to […]

UAE Expects to be Taken off EU’s Tax ‘blacklist’

UAE Expects to be Taken off EU’s Tax ‘blacklist’

UAE Expects to be Taken off EU’s Tax ‘blacklist’ The UAE government said it was surprised and disappointed at being listed The United Arab Emirates (UAE) expects to be taken off the European Union’s tax-haven blacklist after it meets criteria for transparency set by the EU, the UAE government said  Thursday. “We have committed to […]

UAE to “Shun” Qatar

UAE to “Shun” Qatar

UAE to “Shun” Qatar The conflict in the GCC with Qatar appears to show no signs of easing, with the UAE’s Minister of State for Foreign Affairs Dr Anwar Gargash suggesting that it was ‘time to move on’. In a series of tweets on Wednesday, Dr. Gargash accused Qatar of being a “conservative Gulf Monarchy” […]

UAE “Blacklist” Squeezing Liquidity of Qatari Banks

UAE “Blacklist” Squeezing Liquidity of Qatari Banks

UAE “Blacklist” Squeezing Liquidity of Qatari Banks Qatari banks have around QAR60-B in funding in the form of customer and inter-bank deposits from other GCC states A move by four Arab states to “Blacklist” dozens of figures with alleged links to Qatar could squeeze liquidity at Qatari banks which get a significant amount of their […]