, it sold its share of lg cargo to china in chinese yuan, and brazil all its bilateral trade to the chinese yuan brics member countries are in talks to create a brics unit value to completely bypass the us dollar, said mark rubio and florida state senator. the spread of the dollar around the world is an alarm for the united states to the economic confrontation of various countries and regional organizations. it is with america and america is trying every day to weaken our foreign policy tools. they are eyeing the existing international financial system. this is another sign of the end of the unipolar situation and the world is entering a new era of power confrontation. and iran system the governments of moscow, beijing and tehran can now work together to reduce the impact of american policies . experts believe that although the us dollar is still one of the most important base currencies in world trade, the use of emerging economic powers from members it is a new subscriber, because of the ending, mohsen soltani of sedav-sima news agency, i will say that everyone is sad and depr

china has sold its share of lg shipments to china in chinese yuan chino brazil will do all its bilateraln chinese yuan brics countries are in talks to create a brics unit to bypass the us dollar entirely you said mark rubio and the senator the state of florida, the spread of de-dollarization around the world is a warning for the united states to the economic confrontation of various countries and regional organizations to the united states, and the american desert is trying every day to weaken our foreign policy instruments. they are eyeing the existing international financial system. this is a sign. the other is the end of the unipolar situation and the world is entering a new period of confrontation between powers , where russia and iran have connected their financial systems, the governments of moscow, beijing and tehran can now work together to reduce the impact of american policies. do the experts they believe that although the us dollar is still one of the most important base currencies in world trade, the use of emerging economic powers as new joint members is unquestionable. the

for example, russia is selling its natural gas to china in chinese yuan, france sold its first shipment of lg to china in yuan, brazil conducts all its bilateral trade transactions in chinese yuan, the brics member countries are discussing the brics unit width road. up to us dollars think about this completely. 29% of the world's economies are under sanctions . 40% of the world's oil reserves are also under sanctions. the foreign debts of most developing countries are in dollars. basic items such as raw materials and food are also in dollars. are priced, the united states must also take care of its current financial situation and the incorrect page of the central bank of america can also accelerate this process . it is political in the world now in 47% we pay attention to the price of esteghlal and their expenses, the price of the car, the price is their first priority , and the government also knows the amount of gasoline consumption of cars and monitoring the quality standards for low-energy cars. there are low consumption domestic cars and monitoring of car imports from gasoline cons

we have a very weak chinese yuan.travel spending in china during the past holiday season has not really recovered to the pre-covid level. we also see renewed concerns in the property sector, the developer says they will default on their obligations. i think people are waiting for signs, for the macroeconomy to really show signs of recovery, which we have not really seen yet. haidi: what about the weakness we are seeing in the currency? jeanny: i think the yuan currency, based on conversations with investors, they are expecting the chinese yuan to remain weak. when you have hawkish central banks externally out of china and then in china, you will have more interest rate cuts or rrr cut's in the second half which naturally would translate weakness for the chinese yuan. on the other hand for the chinese economy, the macro sentiment is still quite weak and have not seen a very sizable recovery in a lot of aspects. so i think the chinese yuan, according to investors, will continue to be weak in the near term bloomberg's je

pakistan has paid the price of its oil imports from russia with the chinese yuan . pakistan's oil minister announced these issues on monday in islamabad . it bought 100,000 tons of oil from moscow in april, farvardin and may. pakistan's oil minister sadiq malik said that the price of oil was paid in chinese yuan. the first ship carrying this cargo arrived in the port of karachi in pakistan on sunday. experts say that this move is possible. paying attention only to pakistan is in the direction of de-dollarization of the world economy. currently, several countries of the world , including brics members, including brazil, russia, india, china, and south africa, are seeking to get rid of the dollar and have become confused. he says that saudi arabia is also joining the de-dollarization movement. it is negotiating with india, russia and china to trade with currencies other than the dollar . this is part of the process of de-dollarization of the world economy. american sanctions against other countries and the increase in bank interest rates are important reasons for de-d

yuan is only increasing. also fairly strong currency. in addition, the scale of the chinesemy is large and trade with it occupies a large part of the world market. what was the economic news like? stay with us mood to you and have a good day. the morning broadcast continues with the sokolovich program. hello it-intelligence and detectives have detained three assistants of cyber-fraudsters. this is a twenty-year-old minsker and two of his accomplices , girls aged 17 and 22. the trio helped to cash out the money stolen by the belarusians and transfer them abroad. it was established that about a year ago, an acquaintance suggested issue a bank card to the twenty-year-old defendant in his name and periodically withdraw large sums for him, which will be credited to the account, the customer explained that this

on the stock exchange, the russian ruble fell in price, the chinese yuan and the dollar rose in price . so the american currency costs 2 rubles. 99 kop. the euro rate at the national bank rose to 3 rubles. 23 kop. for 10 yuan they give 4 rubles. 19 kop. and for 100 russian 3.59 belarusian belarusian enterprises will supply the basis for tetrabor to russia, the dopruzheskaya paper mill managed to master the necessary technology for sizing special cardboard, a trial batch has already been shipped, in addition to russia, to bulgaria and turkey in the plans of the belarusian manufacturer. monthly to ship 3,000 tons of raw materials to an enterprise near moscow, which previously belonged to a swedish company that left the russian market after the imposition of sanctions and finally about some world events. the first flight of the russian airliner from the import-substituting component base will take place in the near future. before lifting the air the systems will be checked on the ground, the head of the ministry of industry and trade said. until the end of the year, the plane is a dry su

exchange rates, following the results of the latest trading on the stock exchange, the dollar and the chinese yuan, the russian ruble has fallen in price has risen in price . 98 kop. for 10 yuan at the auction. they gave 4 rubles. 14 kop. 3.57 belarusian is worth 100 russian rubles and the euro exchange rate at the national bank is 3 rubles. 28 kop. and finally, about some world events, the highest annual inflation in may recorded in venezuela 429%, at the same time, price growth in this south american country slowed down slightly in the previous month , indicators approached 400-40% in addition to venezuela, in south america there is another state where inflation is at a high level, in argentina it was 114%, prices for goods and services continue to skyrocket russia's infusion and earlier turkey's pakistan and egypt's uk public debt for the first time in 62 years. exceeded the size of the gdp is almost 2.9 trillion dollars according to the national statistical service, united kingdom government loans. in may, we approached record values ​​and for additional social spending, the continuation of th

exchange market following the results of recent trading on the stock exchange , the dollar and the chinese yuan the russian ruble has fallen in price has risen in price. so the american currency costs 2 rubles. 98 kop. the euro rate at the national bank rose to 3 rubles. 27 kop. for 10 yuan they give 4 rubles. 19 kop. and for 100 russian 3.56 belarusian. demand for minsk bus automobile plant in the russian market in may grew by more than a quarter of the figures lead by the russian analytical agency , so the belarusian manufacturer ranked fourth in the ranking, leaders of new buses. last month , almost 160 units of passenger vehicles were sold in terms of the volume of mass sales, yielding to three russian enterprises and closing the top five in the rating. chinese manufacturer of a record number of apartments sold in minsk for maina secondary market over 1.500 the most popular choice has become a residential area in typical panel houses. this is the third of all transactions more often and one-room apartments were bought the second in demand were kopeck pieces, then three rubles , the share of

this more clear trend in the foreign strange market, where the chinese yuan is under pressure. if the chinese government is going to provide more stimulus, it would chinese -- it would cost the chinese yuan to trade lower. shery: how effective is monetary transmission right now in china, especially when you consider that you have the divergence in monetary policies with the u.s.? ye: absolutely, this is the classic impossible trinity issue. you cannot have a stable exchange rate while maintaining open market and independent monetary policy. it does not provide -- it does provide constraints, there is also a lot of talk about japanese vacationing on the chinese economy. the central banks can push borrowing costs lower, it would push on the string. that is a difficult moment. heidi: that age old challenge. let's get more when it comes to the latest on crypto, the sec suit against coinbase for running an illegal exchanges following hot on the heels of its action against binance. su keenan has been following all of this. a common denominator has been rig leaders alleging that coinba

the value of the chinese yuan is tightly controlled by the government but it's also not the only countryt sees its currency slide. the japanese yen is also weakening and earlier i spoke with an author focused on asian economies have explained if tokyo might intervene. i explained if tokyo might intervene.— explained if tokyo might intervene. . , , , intervene. i am surprised the so; intervene. i am surprised the 30] has intervene. i am surprised the boj has been _ intervene. i am surprised the 30] has been quiet _ intervene. i am surprised the 30] has been quiet of - intervene. i am surprised the 30] has been quiet of late i intervene. i am surprised the| 30] has been quiet of late and boj has been quiet of late and very tolerant of the weaker yen. there are great expectations now that we'll see intervention in the days ahead and one reason why you have not said intervention is because the bank ofjapan is worried it would fail and if that fails, and the yen does not stabilise, that might be a signal to markets to push the yen even lower. in many ways the boj governor is a fairly new and

haslinda: also trading higher, we have the chinese yuan.have the pboc fixing the currency higher than expected for a second day. it is trying to support the currency. we have to yuan at 7.21, at seven month lows. we are waiting for more stimulus and was from the pboc to lift the currency. we are also tracking gsr, -- j sr, shares jumping for a second day saying there was a buyout and privatizing the world's leader in chipmaking compounds. plenty more ahead. keep it here with us. this is bloomberg. ♪ i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming

strength with the stronger data saying the fed still has more hiking to do and the other side is the chinese yuan, that expression of the concerns around the tiny -- chinese economy locally without my stimson support coming through and investors cutting holdings in bonds and assets prompting yuan weakness. the question is what officials and regulators are planning to do about it, but what we heard from sources is they are stepping up their use of surveys in terms of understanding how exporters, importers and banks, trying to understand how they are using the yuan and how concerned they are with the slide. we have seen surveys used before so this is not a new tool they brought out of the toolkit, but what is different is the frequency of the surveys because we understand they have been using them more than they have historically and in terms of what it reflects, it could also be they are increasingly becoming uncomfortable with where the yuan is headed. rate china pmi -- haidi: china pmi. how does that factor into the outlook going forward? annabelle: this is data we said we were looking forward t

pakistan will buy oil from according to al-mayadeen, this country has changed its currency to the chinese yuan pakistan has taken this decision in order to reduce the problems caused by the devaluation of the national currency against the dollar. tehran photo: during the political and economic tenures, the import of russian oil to pakistan accelerated despite the continuous threats of the united states. the government of pakistan received positive points. such a measure is more than stopping the import of oil from russia. the united states encourages the government of pakistan to stop the development of economic relations with russia, but the principle believes that even though it could not buy oil at a cheaper price, the adopted measure has more benefits and the passage of time for the citizens is important. this decision in it we will inform them about the important details of this decision in time. the direct agreement between the energy ministers of russia and pakistan has happened for the first time in the history of pakistan. russia is traded with chinese currency, the amount is about 10

dollars ahead of any other currency and in particularly the chinese yuan.on't foresee that just as a consequence of the negotiations that are ongoing and the fact that we're still not yet at resolution. but should there be a default -- and again, i find that inconceivable -- then the risk of consequences like that over the long term can't be discounted. mr. capehart: mm-hmm. so how does a foreign policy expert like yourself, because that's where you started in the clinton administration -- correct me if i'm wrong -- state department, head of the africa bureau? ms. rice: yes. mr. capehart: right? ms. rice: actually, i started my career here at the white house at the national security council at the ripe age of 28 as a national security council staffer, and then in president clinton's second term, i served as the assistant secretary of state for african affairs. mr. capehart: so then how does someone with the extensive foreign policy background and credentials that you have switch to domestic policy? what was that phone call like that you had? i think it was

go wrong, even when they go wrong here, it seems like people pile into our debt, not into the chinese yuane euro necessarily or bitcoin might have been it. or gold. united states treasury. it is indispensable. that extraordinary status globally helps us keep borrowing costs low and the country, but looking at the debt ceiling now, looking at the national debt, we are rapidly paying a lot more in interest expense that i think was recently imaginable. it clips other vital social programs including medicare not too long from that. host: if united states were to be downgraded, then what would happen to the other economy going around the world. could it have any impact? guest: if you think the united states is less than aaa, should we scrutinize other countries? should we throw more money into european economy like switzerland. if they take treasuries and put it into other countries, this is the foremost interest rate on the planet, the united states interest rate, and borrowing costs here, credit worthiness and affects our -- everybody up and down. it will not help those seeking imf bailouts b

we take a closer look at the chinese yuan and japanese yen, two currencies that have been weakening inart any other state where revised data shows

and we take a closer look at the chinese yuan and the japanese yen two currencies that have been weakeninga showed that the world's biggest economy grew much faster than previously estimated in the first three months of this year. the us economy continues to show signs of resilience despite expectations that a recession might be

it is going to boost the usage of the chinese yuan and the actual market in particular.ijing's ambition. >> does not mean it was for hong kong stocks as well? we saw the hang seng index rally recently but not nearly enough. crossway. people still thinking a lot of investors are still thinking the market sentiment is a different thing. it is still capital a lot of policy in america counselors. in the longer term, when this is expanded to the entire southbound universe which allows investors to buy those hong kong stocks with the chinese directly, it will improve the liquidity and potentially it will narrow the pricing gap. coming up next, the u.s. transportation secretary says washington is seeking to cut into china's advantage -- more from the excuse of interview with people or just ahead. this is bloomberg. ♪ me you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at

the moment and that's one of the reasons we are seeing depreciation in the local currency, the chinese yuan that has been around 3%. now we are hearing from sources that banks in the country have cut their dollar deposit rates. instead of around 6%, we are hearing it's now down to 5.7% from some bloomberg sources. that means practically, ocbc is saying this is a creative solution that is going to reduce the impact of lowyuan interest rates. one is saying this could have unintended consequences because if you are a chinese company making dollars offshore then they lower the dollar deposit rates on shore your disincentivize to repatriate overseas back into china. there could be something that plays into the balance of payments pressure we are still seeing in china. shery: given what we are seeing from policymakers, traders and china are betting on easing policy conditions? annabelle: that's right, they are getting more leverage. something that is officially disapproved of inside china. can bring up this terminal chart the overall overnight repo traits. you can see that huge spike, that is tur

we are seeing weakness in the chinese yuan, we are wondering how comfortable pboc is when it comes toakness as well for the malaysian ringgit, the lowest level in about seven months. the story is in the bond market. rishaad: i want to have a look at what is happening there. global stocks, we are having the worst week for them in three months, since march. the biggest loser is hong kong, 2% drop by traders playing catch-up, the holiday thursday. they're concerned that if even china provides a more stimulus, it will not have a major impact on the markets. if it seems like we will end the week down. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid presentation furnished by rare

we are seeing weakness in the chinese yuan. there are concerns among policymakers in the currency. the aussie up .6%. we are seeing some gains for oil. keep a track of that. bond market yields are:. bangkok looking like this. .2% of the upside. it is a bit of a relief for investors there. they saw that particular benchmark weaker since the second of february. bart hovering around those at the end of february. $390 million according to a survey by us. indian futures indicating a flat southern trading day. we have seen technology stocks there on a tear. the and getting larger rivals in china. this represents a broad shift to money managers outside of china. let's take a look at an equal way to flag these stocks. up more than 20% so far this year. >> we just had heard from the chinese premier addressing the world economic forum's gathering in shenzhen. >> protected -- protectionism anti-globalization are on the rise. global challenges are escalating. instability, uncertainty and unpredictability have become commonplace. quick stephen engel is there, also joining us. and there is robin

haidi: the chinese yuan past 7.2. eems is it's all about rate differentials at this point. >> indeed. the chinese policy is another divergent into monetary policy. so far, we have not seen too much pushback for the central bank. the pboc did say they are fixing a little bit stronger, but compared to last year, this is nothing. yesterday or the day before -- last year, we consistently had more than 500 pips stronger signal. it seems to me there is much more room to run in the chinese market. shery: we have been watching the euro as well, holding at that 1.09 level. the ecb vice president saying another interest rate increase in july is all but assured. but the outcome of the following meetings remains unclear. >> i think the msh was good. we are not done. there is more ground to be covered. >> what happens for future interest rate hikes? i know you are data-dependent. i know september is a question mark, but given the data points we have now, are you just going to go ahead and hike? let's what are the factors -- >> what

the sector, our chief china market correspondence joins us now, we already saw the jump in the chinese yuann chinese adrs as well from our exclusive reporting could we expect a bump in china trading as well? >> yes, exactly. the news broke after the close of trade in hong kong and mainland china. we did see up until the close property stocks rallying on friday so we could see a continuation of that today. the news is really that beijing is basically listening and looking at the data, aware of the fact that all of the measures -- those 16 point measures introduced late last year to put a floor on the housing market, are not working or are not as effective as expected. we are looking at reducing downpayments. it is a demand side stimulus package. we don't know when this is coming, there are still a lot of questions around this, it is about tinkering the existing support policies but it is a strong signal that beijing is looking at this. this is exactly what the market needed. >> we did see a big run-up in luxury stocks and china got a lot of credit for that. but now that that opening is runni

we take a closer look at the chinese yuan and japanese yen, two currencies that have been weakening ins of resilience despite expectations a recession might be on the way.

the chinese yuan weakening as investment sours on a lack of aggressive stimulus.he rhetoric has been there, but they have not followed through to boost the faltering recovery. kim crawford, global rates portfolio manager, jp morgan chase bank is still with us. what is the thinking around china stimulus? do they come through aggressive in the second half? kim: we definitely had disappointment in the scale of the rate cuts from china, and the talk around stimulus. we hope they will deliver for the real estate sector, corporate balance sheets, but we do not think it will be meaningful enough for global growth. francine: what does that mean for where you want to be invested in? kim: global duration, long-duration, high-quality sectors but looking at the u.s. and europe instead of the u.k. tom: is there a case to slow down quantitative tightening as they go higher on rates? is that an option to reduce pressure in the mortgage market? is qt up for debate amongst the boe? kim: the policy rate is the biggest policy tool, the most immediate effect. qt is smaller. they are

the other is china, 7.25%, a very unique chinese yuan. secretary of treasury will travel to china and i butchered that data check. lisa: as you mention, 9:30 a.m. is the main event with the panel in sintra with four central bankers. we will see if there is anything that comes out of that. 4:30 p.m., we get the stress test released by the federal reserve. i personally think it will be fascinating to put to bed once and for all the concept of a banking crisis or re-ignite concerns about what the fed is looking for in terms of a crisis. we can talk about that debate. after the bell, micron is reporting earnings when in general, the chipmakers are selling off after president biden indicated he would crackdown and harden some of the export restrictions for ai related chips. this doesn't seem like the main event but given the leadership in the market so far this year, this is a major issue. tom: on the earnings front, we've said it will be a different quarter and we start early with walgreen yesterday and delta. generous mills out with the divi

the french already believe that it is better to trade with the chinese in yuan, they are not even in euros, so this is happening much faster than one might expect. eh, in fact, that's really a lot, and now our guys are surviving on the ground. this is the terrible onslaught of the ukrainian armed forces, which they threw all the opportunities they had in order to break through our defenses, nothing happens. ukraine is weak. and the west is weakening. uh, that makes their situation quite desperate. i would say and make them more dangerous and ukraine will now snap. and the west, too , we must be ready for this for our business victory. will follow us on the news and see you. again at 16:50. do not miss. hello time news on the first , we will tell about the most important events right now several settlements of donbass today turned out to be a sub-massive shelling from the kiev militants, from heavy weapons they hit donetsk, lugansk several shells. the radicals flew into the industrial zone to attack using storm shadow cruise missiles, which are supplied to the kiev regime by britain i

the chinese yuan is that 7.25, down 0.2% despite the fix. sanae mori had. keep it here with us. bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. we have been able to reach over 100 million people impacted and affected, and at risk of hiv. the rocket fund takes all of the work that we're doing, all over the world, and looks at the most effective ways, to get resources to them, to get services to them. the idea that we have saved five million people's lives, it's overwhelming. it's everything. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> this is a paid advertisement for csn.

the chinese yuan past the seven dollars per level.medium term london facility as well. former southbank ceo is targeting half $1 billion of his new latin american focused vc fund capital. it has amassed more than 448 million dollars in commitments so far. more about the latin american investment landscape. >> there are so many latin american founders who actually went to harvard and go back, and they -- or rather than become entrepreneurs in the u.s., they take the knowledge and take it back to latin america. most of the stories you have seen, a lot of those founders were u.s. educated, most of them went to stamford, and go back to latin america. that has given rise to a boom in entrepreneurial ecosystem that is hitting san pablo. -- san paulo. there are huge stories of success. the most valuable district bank in the world and the one that makes money and worth tens of billions of dollars. now you have the growth -- a multibillion dollar marketplace that continues to grow. there are enough stories of success that have created an extra

this currency is coming to an end, its place can be taken by the big three russian ruble, chinese yuan rupee, india - this is our most important trading partner today, relations between the two countries and the future of the world economy. discussed in a separate business session, russia india the era of dominance of certain american corporations and platforms in the field of transactions ended you know we were concerned when only two companies were doing all the credit and debit transactions. they don't work in russia they don't work in many parts of the world, but now countries are creating their own payment systems over the idea that the dollar is losing its role as the dominant currency. i believe that the world is waiting for the emergence of many payment systems that will solve the problems of specific countries to a greater extent and at the same time will be able to interact with each other, so in my opinion. looks like the future of currency payments last year the trade turnover between russia and india increased two and a half times. our country has entered the top five larg

there's not trust in the chinese yuan as an alternative not only that, you have capital controls in and out of china that are going to make it difficult to serve as the world's currency as much as we have forecasted economic and fiscal difficulties here in the united states, so does europe. and there's nobody else that is of sufficient -- in order to compete. >> professor, do you think -- i mean, sort of gaming it out, if there is someone who can at least present a competitive threat, is it a state actor or -- more of petro dollar or crypto related in an area of tech that is still under innovation >> one of the discussions we had about crypto dollars, for instance, is you're still going to need a state actor who is going to ensure conversion it's only good to have a petro dollar if when there's a crisis you're able to enforce conversion into the underlying commodity. and that usually is going to require a state actor. if not, who can you trust that's going to be there to do that conversion and that's why there's concern that's why i don't think china will be a credible offer of such a t

russian ruble chinese yuan, indian rupee the era of dominance of certain american corporations.ou platforms in the field of transactions is over? i believe the world is waiting the emergence of many payment systems that will solve the problems of specific countries to a greater extent and at the same time will be able to interact with each other, in my opinion. the future of payment currency looks like russia is in the top five trading partners. in india, the trade turnover between the countries has almost quadrupled; we export petroleum fertilizers. we are supplied with chemicals, but india's need for imports is almost double the capacity for exports. as a result, a trade imbalance formed to help correct the situation could stimulate russian companies. i am like a russian buyer who buys goods and services. e from an indian supplier. a and for example, i have to pay 100,000 dollars. uh, well, uh state. can i tell you that let 's realize ninety-eight thousand dollars 2,000 dollars, we will compensate you as a subsidy for what you pay in a group. this, i think, will probably be so

she mentioned chinese regulators are said to be stepping up scrutiny of trading as the yuan -- e1 slides to the deepest levels in several months. of course that weakness is being seen when you look at the trade-weighted basket of currencies as well. what can the pboc do next to support the yuan? they have quite a few tools in their arsenal. >> that's correct. they will do what they've done last year, firstly they would have to signal for a stronger fixing, yesterday we had the largest deviation since last november. that has to continue to send a message to the market that the people want a stable if not stronger yen instead of a weaker yen. the next tool, they could cut the ratio down to 5% which was the level before 2021 so that could release more dollar liquidity and support the yuan. two sort of slow capital outflows. shery: what would be the outlook for dollar yuan going forward? >> the level we are looking at, the high we reach last year, and it's more difficult this year because last year everybody was expecting a rate and we are still not there yet. higher for longer is still not

that in because we see the divergence not only with japan at the pboc which could pressure the chinese yuan the equity space and what are the risks? >> obviously very different dynamics. china and japan. you have seen some sense that the chinese authorities want to restrain the pace of the depreciation, so from our perspective that suggests positive rates on u.s. dollars. overall we think the dollar will be peeking out over the course of the next three to six months, and that is as we get closer to this realization that the fed will have to back off its tight managing policies in the face of a recession and its growth elsewhere in the world is a little more resilient to that outcome than many give it credit for. we do see a mild downside for the dollar over the next few months, maybe five or 6% over the next 12% -- 12 months. that should be a positive environment for flows into the region and support the equity markets as well. >> steve great to chat with you, group cio at standard chartered wealth management. let's get to bell for a look at some of the movers. >> just under 10 minutes now

networks, who are also not averse to making money on the love of the chinese together and offer to organize a dinner with him for 300,000 yuanchinese police have already been told not to pay attention to such announcements. in general, beautiful football, the chinese are waiting, but even more waiting. messi game, which in beijing the day after tomorrow, as it happened, will also be an excellent gift for the anniversary of the head of china , who are not indifferent to football. so it is possible that it also seems in the stands alexander balitsky valeria borovikova petrov lead cinema, china you have not opened a bank account, but he has something to do? who is a money pier, and how not to become one, what scammers do with bank accounts, and how to protect yourself from this, we will tell you in 5 minutes in the instruction program. why does an attacker open an account in the name of another person, either to rob him or to commit a crime with his help? accounts are opened for other persons to commit crimes that are related to drug trafficking and psychotropic substances for the arms trade money laundering and concealment of

networks, who are also not averse to making money. on the love of the chinese people together and offer to arrange dinner with him for 300,000 yuan have already been told to ignore such announcements. in general, beautiful football, the chinese are waiting, but even more waiting. the mission game, which coincided in beijing the day after tomorrow, will also be an excellent gift for the anniversary of the head of the prc, who are not indifferent to football. so it is possible that alexander balits will also be in the stands valeria borovikova nikolai petrov to lead the cinema, china well, now an urgent message to me, by the way, is us president donald trump is currently to be placed under arrest pending proceedings. e of the indictment, cnn reports this , citing sources, it is specified that the placement under arrest. uh, hmm, held without the presence of the press. and in general, this whole process is of a formal nature. trump will be released after the charges are brought against him , he will be free to leave the assignment here to continue the program. credit on the site point in the beginning there was a word go to megafon

going along with other economies, what will this divergence mean for chinese assets such as the chinese yuane is going to be, and the fed will probably have another hike in july. and in the near term we have a continued hike that will put some pressure on china-related assets but for the fed if the hiking cycle is done, that will open the window for pboc to have more counts and we expected in the key policy rate today and we expect another policy rate to cut and the third quarter this year from pboc to support the economy. haidi: are we headed towards an old playbook when it comes to stimulus? and it held pretty steady. >> i do think the economy needs more support because the confidence is low, but i don't expect the bazooka like stimulus. i think it will be pretty measured. i would say china policymakers tried to strike a balance between the level chain -- deleveraging and supporting gross. gross rupee pretty weak. and it will remain about 20% and it will be more to gross. >> instrument by the point at which the broader economy is that, and this was something that policymakers are strugglin

normally they started chinese coinage. yuan, paid one yuan.ilmed they filmed eight-episode series. now post-production is underway, according to the mind, 6 episodes out of eight have already been shoveled there for the second time for the last time. there, everything there was sharply squeezed under, cut down, recorded music. there are good effects. there is a wonderful game, it turned out to be a normal eight-episode fantasy series. how do you feel about the discussion that we do not have good scripts. we don't have good lyrics. we have there are no good writers, we have nothing and films. we don't have good ones either. no, we say, so here it is necessary to divide. we have a lot of good fantasy. we have a lot of good stories we have, er, after all. uh, a lot of things, but we really have a problem with the writers. the only thing i can say is that it's a problem. in fact, it's happening all over the world right now. uh, i think a lot of the problem is because movies are now produced by producers. eh, on the one hand. this is understandable

but for the chinese currency , the yuan is given about 11.5 rubles. index 2.000.721 point arts 1050. from this day on, the bank of russia has already sharpened the requirements for banks issuing mortgage loans; the measure concerns the minimum contribution, if it is below the established threshold, then the credit institution will have to reserve a larger fund to cover the risk on such loans, all the details will be told artyom boxes. the centers of the bank are tightening the mortgage knot, and literally today , changes in the regulation of housing loans for unreliable citizens have come into force , it will be more difficult to get them. let's figure it out. about what the point is that, allegedly, the central bank decided to increase the down payment on the mortgage to 20%, however, this is not the case at all; there are so-called macro-promoting allowances, but in other words, the risk coefficient for banks if they serve unreliable borrowers. these include leakage from debt burden over 60%. in this case, the finns will have to make additional rese

economy of belarus and russia is developing quite successfully, including focusing on the chinese market and the yuanjor trading partner, belarus, is not only china, it is there and iran, the united arab emirates, and so on, too, calculations are underway, yuan, and they are expanding and there is no longer any non-sanction pressure, absolutely free and there is no political pressure, which would actually destroy the west, both in the opinion of the chinese and western experts themselves. the personal interest of the leader and an individual approach should be the basis for increasing the efficiency of ideological work in small enterprises, said the head of the presidential administration, igor sergienko, during a meeting of the asipovichi district executive committee, new challenges require new approaches in organizing ideological work and consolidating society in the osipovichi district 67 enterprises with a staff of 15 to 100 people . some of them were able to rally teams. in particular, against the background of improved production indicators, a comprehensive approach strengthening the practical

experts on chinese issues i can already see that they are already here, that is, not the chinese here, the yuane, this is also an absolutely possible option if we do not understand what we have to uh, don't relax uh keep on fighting, we can win, relatively speaking, win or stop the war and we lose , as it happened after the maidan in 2004, as it was after the maidan in 2014-2014, it can be after the war, it can’t be, we can’t all time at a huge cost to human lives to defend the rights of this non-existent country and then not have the opportunity to develop it is unfair to the ukrainian people, believe me, they deserve more, this is the second such moment, it is a political moment, but there is also a creative moment because we are talking about all this in an era when traditional journalism is simply disappearing , antin spoke about how difficult it is to work on television, the question is not that it is difficult , the question is that it is almost a museum as a theater , one day there will be no more television, we have to realize this, the era of television television is ending, it is beco

social networks, who also do not mind making money on the love of the chinese together and offer to organize a dinner with him for 300,000 yuan already been told not to pay attention to such announcements. in general, beautiful football, the chinese are waiting, but even more waiting. the missions of which the game in beijing the day after tomorrow, as it happens, will also be an excellent gift for the anniversary of the head of the prc, who are not indifferent to football. so it is possible that alexander borisovka will also be in the stands valery borovikov nikolay petrov vckina, china more than 80% of property taxes are paid from personal accounts . my tax is already 7 million and 600.000 self-employed. what else is there to talk about? watch right after the ad. i bid you farewell on this. till tomorrow. see you already on the air at the site of the economic forum in st. petersburg see you soon and good news. the pain may be different no matter. what caused the pain , if there is pentalgin, a universal remedy for various types of pain pentalgin will do without pain, the new one was the author's solution without alcohol, th

it's of valuation of the chinese yuan and i will let you decide where that tipping point is but all eyesn 7:15 a.m. frame out the opportunity on the pacific rim. >> the chinese opportunity is the chinese have a problem reviving their economy with not much inflation. there is just these are not big moves in percentage terms of they could go further. i worried that if china tries to revive its economy it can easily go back to the boost the real estate market. they will probably have to make manufactured goods and sell them to the rest of us. the -- the may get some pain in china. the pain will then spread. i wouldn't want to be terribly long on the australian dollar today if that -- if they are trying to sell iron were to the chinese economy that is struggling. as you can see this year, one of the features this year is the strongest currencies have been central and european ones that have fought inflation hard and latin american ones. there are no strong asian currencies this year. i think that's what tells you the market is getting this to some degree. i set the other currencies against t

a stunning and weaker chinese yuan. ruble is weaker back on certain number of months is expected. economic slowdown discussion, yields lower this morning on a global economy in west texas intermediate, 69.40. you are briefing us of dr. bremmer's appearance. lisa: also joining us around 7:45 a.m. is former retired general on the academy securities advisory board. curious what he has to say. 10:30 a.m., the latest of data we get this week. u.s. dallas fed manufacturing a committee -- manufacturing activity. how much does this continue to point to recession? 1:30 p.m., the central conference, the jackson hole of europe kicks off. christine lagarde is giving opening remarks at this ecb form on central banking. tom: let's get to maria tadeo, she has been working on this tirelessly through the weekend. i and trying to correlate the reporting and news that is out there. maria tadeo is in brussels. what is the latest? maria: what we know is that now the russian media the past hour has sent this idea that vladimir putin and the russian estate would not launch a probe into prigozhin for his

story that dollars are so scarce right now in argentina that some companies are turning to the chinese yuant their hands on. china has ambitions to broaden its currency in international trade and this is an opportunity to do so. tom: this is a huge deal and sensitive with conversations on air and off air in our recent visit to the irrational monetary fund. it is different than turkey. one dollar is worth 252 pesos. a cup of coffee ago it was 100. the depreciation is permanent and steady. bloomberg has this functionality, the blue dollar, the black market, 510 pesos is a dollar. that is a truly moonshot. the private market is deteriorating worse than the public. lisa: does that function make you to europe as well? tom: it does not make me tear up like the why it function but it shows the country by country fragility these nations are dealing with. lisa: and how some nations are trying to exploit this to broaden their influence. tom: on the domestic basis we will move forward. lisa erickson joining us. we will talk to her about the allocation into midyear and into 2024. stay with us. this is

this is not the first thing when i look at when i come in both the remembyi is often a weaker chinese yuans where a currency is free and floating. the valuation is where governments really in charge of moving around its currency. i don't know where china fits into that. it's so opaque but i would use the word with china devaluation light. they controlled the yuan to a huge extent. lisa: perhaps they are not necessarily getting involved. they are kind of trying to cut rates around the edges but they are not delivering anything more major to prompt some robust growth to come back and that economy. tom: now we get a brief on china with the managing director of policy research at strategas. i love your note and that you don't mince words. you say china is broken. it's such an outlandish phrase, what do you mean? >> good morning. we have been investors and thinking about whether or not there would be this big china rebound once it stopped its covid zero policy and started to reopen. we really haven't seen that transpire. we think the chinese dish chinese economy is quite broken at this point an

for months to get this discounted oil. minister said that they are going to pay in the chinese currency, the yuanheirforeign exchange reserves have dropped to below $4 billion and now they are looking for ways other than dollars to repay. so if the russians can agree to get the money in chinese currency, that's beneficial to pakistan. other business stories now. the us bankjp morgan chase has agreed to settle a class action lawsuit with victims ofjeffrey epstein, it says. it's described the settlement as being in the best interests of all parties, especially the survivors "of epstein's terrible abuse". it went on to say that "any association with him was a mistake and "we regret it." a court in germany has postponed hearing a claim for damages against the maker of one of the main anti—covid vaccines. the case against biontech, which developed an mrna jab produced by pfizer, was set to be the first such claim in germany related to the pandemic. a woman is suing biontech for $160,000, saying she suffered from pain, swollen limbs, tiredness and sleeping disorders after getting the jab. biontech is c

panna at the guard, the nineteenth racket of the world victoria azarenka will meet with the chinese, the yuanexandra sosnovich will come out against the 105th racket of the rating. wt as for the men, belarus ilya ivashka will fight against argentina's federicoria, let's note the tournament. he was don kicks off as early as this monday july 3rd. the step that was needed belarusian federation table tennis is changing its structure from now on. it will not be managed by the presidium, but the executive committee today passed a selection for the conference of a new body. in addition, several divisions have been created in it that will be responsible for the following areas of elite sports, the veteran movement of scientific medical and others . what else in march the consequence of the recommendation could be the international table tennis federation. she agreed to return belarusians to world competitions. however, our small racket masters still do not have the opportunity to compete. the decision of the international federation that we are admitted to the european and world championships. but at