Asia Pacific
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China's flash manufacturing PMI fell to its lowest level in 4 months in February, with the output index also hitting a 4-month low -
London’s hiccup with its offshore renminbi deposits numbers highlights the problems with too much reliance on this one data point to measure the market’s maturity.
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The Bank of England and the People's Bank of China are close to signing an agreement on a renminbi/sterling swap arrangement
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Chinese interbank bond regulators are expected to as much as double quotas this year for onshore companies looking to issue offshore as the latest effort to promote renminbi internationalisation.
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The real test for emerging markets will come later; currently, the eurozone debt crisis is a bigger risk than the US Fed minutes for these assets
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In this round up of recent offshore renminbi news, Singapore gains a clearing bank, a west coast American aims to be offshore hub and Taiwan kicks off renminbi trading.
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Top 3 Offshore RMB DCM Transactions - 2013 YTD
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The rating agency expects expansionary monetary and fiscal policy in China to continue and growth to be stronger this year
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The international benchmark Brent crude has a ‘strong floor’ at $80 a barrel, as demand from emerging markets will soar, commodity strategists say
