The People’s Bank of China has long intervened in foreign-exchange markets to hedge against excessive volatility. Since August, however, such intervention has expanded from the domestic spot market, which covers daily transactions, to include the offshore renminbi market in Hong Kong, as well as both onshore and offshore futures markets, traders say.
Asia and Australia account for 11 of the world's top 20 most expensive cities, with eight from Europe and one from South America, the Economist Intelligence Unit's (EIU) worldwide cost of living index found. No North American cities featured in the top 20.
The killer combo of Judi Dench and Stephen Frears team up again, four years on from Philomena, with a Lee Hall-scripted look at the friendship between Queen Vic and a young Indian clerk. Eddie Izzard looks like inspired casting as Bertie, the Prince of Wales; filling out the rest of the cast are Olivia Williams, Tim Pigott-Smith and, once again, Simon Callow and Michael Gambon.
The regulations also specifically stipulate the taxi services.
Among the 772 movies made in China in 2016, 43 of them reached a box office of over 100 million yuan. Chinese movies harvested an overseas box office of 3.8 billion yuan in 2016 with a yearly increase of over 38%.
The University of St Gallen’s domination of the Financial Times’ ranking of masters in management courses continues for another year.
The fear was over downward mobility and cultural changes; the anger was against immigrants and indifferent elites.
The writer is a senior associate at the Carnegie Endowment and a former World Bank country director for China. Read other predictions for the world economy, politics and finance in 2012 at www.ft.com/thealist
The other two manufacturers, OPPO and vivo, both achieved growth of over 100 percent, shipping 99.4 million and 77.3 million units respectively in 2016.
Now 12 games into the quadrennial tournament, the World Cup is averaging 3.42 goals per game. Nigeria-Iran promises to bring that average down, but as long there is at least one goal in that game or the United States-Ghana match, the World Cup will head into its sixth day averaging at least 3.0 goals per game. The last time a World Cup averaged that many goals for an entire tournament was 1958 when Pele burst onto the scene and the 12 teams combined to average 3.60 over just 35 total matches.