Deutsche bank collapse

So it makes sense for China to adopt a more enlightened approach, allowing the yuan to weaken during periods of dollar strength, and catch up when global tensions recede. From the PBOC’s view, the trade-weighted yuan is certainly stronger now than it was last fall, when the central bank was in fire-fighting mode. China doesn’t want to spend another $1 trillion of its foreign reserves defending its currency. The rapid drawdown in 2015 and 2016 traumatized the Chinese for good. … [Read more...] about China isn’t using its currency as a Cold War weapon

The second round was geared to saving NBFCs, whose balance sheets were under severe stress even before the COVID-19 strike, because they were finding it difficult to roll over the short-term debt they had incurred to finance longer term projects, including lending to small and medium businesses, housing and real estate. Banks were wary about lending to these NBFCs, because of fears that their clients could default in amounts that would bring the viability of these institutions into question. Those fears were confirmed when Franklin Templeton announced that it was shutting down six of its funds, setting off redemption requests across the NBFC sector, as investors rushed to take back their money, at a time when the ability of these institutions to mobilise funds to meet these demands had been impaired. Not surprisingly, banks were unwilling to respond when liquidity was infused to target lending to the NBFCs. … [Read more...] about The problem with the liquidity push

"That situation was related to financial instruments, not to filling the storage facilities, because even the oil that was purchased at a negative price is now stored somewhere. WTI and Brent trading is primarily paper trading, so the possibility of a negative price remains, although the risks are much smaller," Andrey Polishchuk, an analyst at Raiffeisen Bank, said. … [Read more...] about Oil price may drop to below zero again

For example, Ze'ev Elkin, one of the closest ministers of Netanyahu in Likud, faces a setback in his political career. Ze'ev was Netanyahu's chief political adviser and his emissary to Russian-speaking countries. Ze'ev never covered his intention to be elected prime minister and believed that Netanyahu could help him succeed. However, in the unity government, Ze'ev was appointed as the Minister of Higher Education and Water Resources, far from his higher expectation. … [Read more...] about The beginning of the end of Netanyahu era

So, the chance for discounts for tenants are there, as is the potential for landlords to lock in good long-term tenants to ensure they have a reliable income stream and don’t have to freeze their bank repayments, if they have them, which would likely result in a greater cost at the back end of the loan. … [Read more...] about ‘Don’t wait’: sober warning on rental properties to tenants and landlords