devaluation

The Chinese currency devaluation: the view of a Little Englander – keep calm and carry on

By Robert Sutherland Smith Economics & Markets

4 mins. to read

This is not as dramatic and as myopically self interested as it looks. Nor is it beyond reason… Yesterday’s allergic reaction to the devaluation of the Yuan is a reminder of how much investors have to keep in mind and how impossible it is to do that. We live in an ocean of connected facts…

China has caught a cold, so mining bosses are sneezing

By Alexander Williams Commodities

3 mins. to read

Mining in Chaos Over China’s Currency Move China’s unexpected decision to trim the country’s official exchange rate twice in the last two days has sent shockwaves through the global economy, but one sector that is really grappling with the announcement is the world’s mining press. The policy move, which cut the value of the renminbi…