The 3-body problem of the dollar-yen exchange rate (hint: China)
In August 2024, currency markets briefly remembered how they were supposed to work. The Bank of Japan had begun raising interest rates. The Fed was signaling easing. The yen surged...
Asia
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British Steel crisis derails China’s tariff-bypass strategy
A Chinese steelmaker’s attempt to use British Steel as a foothold in Western markets has turned into a political dispute, after the UK government introduced a bill that could nationalize...
Wall Street guru struck speechless by Trump insider stock trades
One of Wall Street’s most recognizable gurus, Jim Cramer, became notably tongue-tied on Monday after President Donald Trump’s recent stock-trading spree entered into a televised conversation with his colleagues on...
On the fog of Beijing
One of the difficulties in analysing summit meetings between leaders such as Xi Jinping and Donald Trump is that the events are a blend of public theatre and private discussion....
IEA chief: Only weeks of oil inventories left thanks to...
With no end in sight to the Strait of Hormuz crisis caused by President Donald Trump’s illegal war with Iran, the head of the International Energy Agency warned Monday that...
Cuban drone crisis: US fears Russia-China Caribbean threat
As the US confronts growing fears that Russian, Chinese and Iranian-backed drone and intelligence activities are turning Cuba into a new strategic pressure point near US territory, the island is...
Like Suez for the Brits, Hormuz spells doom for US...
Empires rise and fall. They do not last forever. Imperial declines follow a gradual shifting of the economic tides, but are also punctuated and defined by critical tipping points. There...
Order, character and time preserved in China’s classical furniture
The first time one truly stands before a Ming-style horseshoe-back armchair, a quiet misperception arises. It does not feel like an antique. It feels like a piece of modern design...
Trump left China empty‑handed – but avoided something worse
When Britain sent its first formal diplomatic mission to China in 1793, one of the participants from London, Peter Auber, remarked that the group had been “received with the utmost...
Indonesia blindly drifting into a US vs China storm
Earlier this month, Indonesia and Japan signed a defense cooperation agreement that could eventually allow Jakarta to acquire lethal weaponry from Tokyo. The move was the latest in a series...
