The Big Pharma industry is entering the cannabis space, by swapping patients for patents. But what are the impacts of such a takeover?
— Read on www.visualcapitalist.com/the-big-pharma-takeover-of-medical-cannabis/
China’s Lowest Bond Yields Since 2016 Look Really Juicy to Some
(Bloomberg) — China’s benchmark government debt is the closest in years to yielding just 3%. Escalations in global trade tensions since April have put a damper on sentiment, helping spur a rally in Chinese sovereign bonds. The yield on the country’s 10-year debt is down about 40 basis points since a
— Read on ca.finance.yahoo.com/news/chinas-lowest-bond-yields-since-030218978.html
10-year Treasury yield falls below 1.7% amid trade, global growth worries
U.S. government debt yields were sharply lower Monday morning, amid trade tensions between the world’s two largest economies.
— Read on www.cnbc.com/2019/08/12/us-bonds-treasury-yields-tick-lower-amid-trade-war-concerns.html
People’s Bank of China sets yuan midpoint at 7.0211 on Monday
The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than the previous session.
— Read on www.cnbc.com/2019/08/12/peoples-bank-of-china-sets-yuan-midpoint-at-7point0211.html
Global economic outlook darkens amid escalating trade dispute, Ifo says – Reuters
The economic outlook has deteriorated worldwide as the trade dispute between the United States and China escalates, a survey showed on Monday.
— Read on www.reuters.com/article/us-world-economy-ifo/global-economic-outlook-darkens-amid-escalating-trade-dispute-ifo-says-idUSKCN1V20HR
China’s sovereign digital currency is ‘almost ready’: PBOC official – Reuters
China’s central bank is “almost ready” to issue the country’s own sovereign digital currency, a senior central bank officer said.
— Read on www.reuters.com/article/us-china-cryptocurrency-cenbank/chinas-sovereign-digital-currency-is-almost-ready-pboc-official-idUSKCN1V20RD
The Dollar Looks Like a Wrecking Ball to Some Investors – Bloomberg
Donald Trump gets the headlines, but he’s not the only one worried that the dollar’s remarkable ascent is causing economic harm. Some even worry it could trigger a recession.
— Read on www.bloomberg.com/news/articles/2019-08-11/the-dollar-looks-like-a-wrecking-ball-to-some-amid-historic-gain
What Negative Interest Rates Mean for the World – Bloomberg
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— Read on www.bloomberg.com/news/articles/2019-08-12/what-negative-interest-rates-mean-for-the-world