Nomura's Rochester sees 'Shimmer of Light' for the pound
Jordan Rochester, a currency strategist at Nomura International, discusses Brexit and the pound on “Bloomberg Surveillance.”
China's yuan falls to lowest level in 11 years
The Chinese currency continues to slide as Beijing seeks to buffer against US tariffs. Global markets are rattled by an intensifying US-China trade war.
US designates China a currency manipulator after yuan drop
The US Treasury has designated China a currency manipulator following the devaluation of the yuan. According to the department, the yuan's steep drop gives China an unfair competitive advantage in international trade.
Rand falls victim to Trump’s trade war
The rand is scrambling but keeps slipping as it gets caught up in major global conflicts. China has retaliated with a currency move in the trade wars, Boris Johnson is set to go ahead with no-deal Brexit and U.S markets are still left reeling from the Fed rate cut. What does all this mean for the currency market? Joining me in studio for more is Andre Cilliers, Director & Currency/Markets Expert, TreasuryONE.
Turkey fires central bank chief as economic crisis endures
No reason was given for Murat Cetinkaya's sacking, but the governor had been loath to cut the interest rate from 24%. Over the past year, Turkey has faced skyrocketing inflation as a result of a debt and currency crisis.
Facebook says its new cryptocurrency will be better than Bitcoin
Facebook Inc. unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. dollar. Called Libra, the new currency will launch as soon as next year and be what's known as a stablecoin -- a digital currency that's supported by established government-backed currencies and securities.
U.S. spares China from currency manipulator label
The Treasury Department again refrained from labeling China a currency manipulator, while it expanded the number of countries it scrutinizes for currency manipulation to 21 from 12; Ireland, Italy, Vietnam, Singapore and Malaysia joined the watch list. Greg Sullivan reports on "Bloomberg Daybreak: Australia."
Sub-Saharan Africa’s hard currency shortages weigh on businesses
The Economic Intelligence Unit says businesses in some of sub-Saharan Africa’s largest economies have been forced to close or reduce production over access to hard currency or working capital to keep their import-dependent operations afloat. Benedict Craven, Country Risk Manager at Economic Intelligence Unit joins CNBC Africa for more.
How a huge counterfeiting case led to plastic money
In 1966, Australia switched from pounds to decimal currency. The country’s central bank issued a new range of banknotes with modern safety features - including watermarks, woven metal thread and raised print. But these technologies couldn’t prevent a $900,000 swindle.