Goldman Sachs claims renminbi undervalued by 20% against US dollar

Goldman Sachs claims renminbi undervalued by 20% against US dollar

[ad_1] Published Mon, May 11, 2026 · 12:16 PM [HONG KONG] The Chinese currency is more than 20 per cent undervalued against the US dollar, according to Goldman Sachs Group, which expects the currency to keep strengthening over the coming year. The renminbi remains well below levels justified by China’s export strength and external surplus,…

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Ryan Day’s son commits to Ohio State’s Big Ten rival

Ryan Day’s son commits to Ohio State’s Big Ten rival

[ad_1] The next four years will likely be turbulent for Ryan Day. Ohio State has won or shared the Big Ten championship in four of his seven seasons as head coach, but now any future conference championships will come with a bit of a sour note attached. Day’s son RJ, a three-star quarterback recruit in…

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Hong Kong’s bad-debt bankers ramp up fire sales, liquidations

Hong Kong’s bad-debt bankers ramp up fire sales, liquidations as city’s distressed loan ratio hits a high

[ad_1] At least half a dozen lenders have increased their number of special asset bankers [HONG KONG] A small group of bankers in Hong Kong tasked with cleaning up the city’s unprecedented pile of bad debt is done playing nice. They number under 200 people, less than 0.07 per cent of the city’s finance workforce.…

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Lynx rookie Olivia Miles joins elite WNBA company in debut

Lynx rookie Olivia Miles joins elite WNBA company in debut

[ad_1] The Minnesota Lynx finished with a league-best 34-10 record in 2025, yet they still had the No. 2 overall pick in the 2026 WNBA Draft. Don’t be mad at the Lynx. Be mad at the Chicago Sky. The Lynx acquired the Sky’s 2026 first-round pick by sending Chicago their 11th overall pick in the…

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Geo Energy gets term sheet for infrastructure unit at US$1.5 billion valuation

Geo Energy gets term sheet for infrastructure unit at US.5 billion valuation

[ad_1] Swiss-based private commodities investment company Resource Invest will invest in Marga Bara Jaya [SINGAPORE] Coal producer Geo Energy Resources has entered into a term sheet with Resource Invest (ResInvest) for an investment in its infrastructure unit, Marga Bara Jaya (MBJ), at a US$1.5 billion valuation. Under the terms, the Swiss-based private commodities investment company…

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