PBOC sets Yuan reference rate at 6.8737

The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8737 vs Wednesday's fix of 6.8860.

Jul 25, 2019

Ex-Fed Chair Greenspan: Fed should be open to an insurance interest-rate cut – Bloomberg

Amid growing speculations concerning the US Federal Reserve’s rate cut announcements, Bloomberg interviewed former Fed Chairman Alan Greenspan.

The US Federal Reserve (Fed) is widely expected to cut interest rates by a quarter-point to 2.00-2.25% on July 31. That would be an insurance cut – a