Archivo de la categoría: US NEWS

Kyle Bass Exits Offshore Yuan Bet as PBOC Squeezes Shorts – Bloomberg.

#InternationalNews #Bloomberg

It may seem like a strange time for hedge fund manager Kyle Bass to exit his short bet against the offshore yuan– just as the trade looks to have a chance of becoming seriously profitable.

Almost four years after the long-time China bear made the wager, the currency is under increasing pressure amid a worsening trade conflict. If nothing else, fears of a global economic slowdown are giving traders a reason to flee to the haven of the dollar. That points to further weakness in emerging-market currencies, the yuan included.

It’s unclear when exactly Bass closed the position, which he held as recently as March. The Hayman Capital Manager founder no longer has a vested interest in China’s currency, he told Bloomberg Television in the U.S. in an interview Tuesday. Had Bass closed the trade in April, he wouldn’t have profited much. In July 2015, the offshore yuan was trading at around 6.2 per dollar; it was at 6.7 in April, a depreciation of about 7.5 percent.

A Good Trade?

The yuan hasn’t weakened beyond 7 to the dollar since Bass made his short bet

Source: Bloomberg.

https://www.bloomberg.com/opinion/articles/2019-05-15/kyle-bass-was-right-to-exit-his-yuan-short

Notes:

Beting on capital markets has always been that, until Chinese made it clear, their determination and full character as a discipline culture. On resume, dont mess with them.

01;59 a.m. May 15.

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(REUTERS). U.S. senators offer bill targeting Russia-Germany pipeline.

#World #InternationalNews

WASHINGTON (Reuters) – A group of Republican and Democratic U.S. senators introduced legislation on Tuesday seeking sanctions targeting the Nord Stream 2, a planned gas pipeline from Russia to Germany under fire from the United States and some European Union countries.

The bill introduced by Republican Senators Ted Cruz, John Barrasso and Tom Cotton and Democrat Jeanne Shaheen, seeks to impose travel and financial sanctions on companies and individuals involved in constructing the pipeline.

The legislation reflects continued U.S. concerns over Russian influence in Europe, but the measure is many steps from becoming law. It would need to pass both the Senate and House of Representatives and be signed by President Donald Trump to go into effect.

The Nord Stream 2 project is led by the Russian state-owned gas company Gazprom, with funding from Germany’s Uniper and BASF unit Wintershall, Anglo-Dutch firm Shell, Austria’s OMV and France’s Engie.

Opponents of the 11-billion-euro ($12 billion) project worry its construction will increase European reliance on Russian energy. Trump has accused Germany of being “captive” to Moscow because of its dependence on Russian energy, and urged that the project be halted.

But gas by pipeline from Russia offers Germany, the biggest economy in Europe, and other countries in the region a cheaper option for fuel than liquefied natural gas from the United States and other producers.

Germany also wants to reduce its reliance on coal and nuclear energy.

The pipeline, which would carry gas straight to Germany under the Baltic Sea, has also been criticized because it would deprive Ukraine of lucrative gas transit fees, potentially making Kiev more vulnerable.

Washington has touted liquefied natural gas, delivered by U.S. companies, as an alternative to Russian gas. Information from: REUTERS.

 

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The Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) transits the Strait of Gibraltar

IMG_20190509_185436_167

In our coverage of US Interest and also firm believers of freedom and democracy; we bring you this latest news.

(CVN 72) Entering the Mediterranean Sea as it continues operations in the 6th Fleet area of responsibility in this April 13, 2019 photo supplied by the U.S. Navy. U.S. Navy/Mass Communication Specialist 2nd Class Clint Davis

(Reuters) – The U.S. aircraft carrier Abraham Lincoln, deployed by President Donald Trump’s administration to the Middle East as a warning to Iran, passed through Egypt’s Suez Canal on Thursday, the Suez Canal Authority said.

The deployment of the carrier strike group is meant to show the United States will retaliate with “unrelenting force” to any attack, national security adviser John Bolton said on Sunday.

America Firts 🇺🇸

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