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Search Result for “currency”

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OPINION

Financing FY 2026 deficit will fall short

News, Chartchai Parasuk, Published on 12/06/2025

» My message is short, loud and clear. There will not be enough money to finance FY 2026's 860 billion baht budget deficit. Without enough money, the budget will collapse and take the economy down with it. The government is learning the bitter lesson of drying up finance sources now, but budget financing will be in crisis in the 2026 fiscal year.

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OPINION

Mar-a-Lago accord may aid China

News, Yao Yang, Published on 07/06/2025

» The provisional trade deal reached by China and the United States in Geneva last month exceeded expectations, with the two sides agreeing to roll back for 90 days the majority of tariffs and other countermeasures they had imposed in the preceding weeks.

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OPINION

Why faith is indispensable to global development

Oped, Published on 04/06/2025

» For nearly two decades, I have worked at the intersection of development, health, and security. In roundtables with heads of state, emergency briefings, and donor forums, I have noticed a glaring pattern: faith-based actors are often excluded from global strategies. When present at all, they are sidelined, treated as symbolic figures rather than as genuine partners. This isn't just a blind spot. It's a strategic failure.

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OPINION

It's time for investors to play the long game

News, Published on 03/06/2025

» Investing, like golf, is a mix of both the short and the long game. In the wild first half of 2025, investors have mostly focused on the short game, but now that we appear to be entering a period of relative calm, investors can start looking much farther down the fairway.

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OPINION

Trump is not entirely wrong about China

News, Published on 31/05/2025

» President Donald Trump's embrace of tariffs has been met with criticism, and for sound reasons. But Mr Trump's diagnosis of the global trading system -- and, specifically, its impact on US manufacturing -- may not be entirely wrong. The problem, instead, is the treatment: rather than using a chainsaw, which would probably kill the patient, he should reach for a scalpel.

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OPINION

Where is US economic policy taking us this time?

Oped, Published on 29/05/2025

» Although this year is not even half over, it is already likely to feature in history books as one of extreme policy-induced volatility -- not only in financial markets but also in terms of economic narratives and international relations. But where it will lead remains to be seen. Are we witnessing the fragmenting of the US domestic and international order, or just a bumpy ride towards a beneficial rewiring of both?

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OPINION

US fiscal state is everyone's issue

Oped, Published on 28/05/2025

» As Donald Trump's "big, beautiful" tax bill heads to the US Senate, investors everywhere are growing increasingly uneasy. On May 16, the credit-rating agency Moody's downgraded US sovereign debt from its long-held triple-A status to Aa1 -- following similar decisions by Standard & Poor's (in 2011) and Fitch Ratings (2023). Given the sheer volume of US debt -- which now stands at $36 trillion, or 124% of GDP -- and rising interest costs, these institutions have concluded that US debt metrics are no longer in line with those of similarly rated sovereigns.

OPINION

Dollar confusion reigns amid uncertainty

News, Published on 10/05/2025

» Currency markets that only a few months ago assumed a trade war would lift the US dollar now suspect that a full-scale devaluation may be underway, suggesting few market players have a clear handle yet on the US administration's dollar plans.

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OPINION

Working on our shared values

Oped, Published on 09/05/2025

» The European Union was born from the ashes of the Second World War to break the cycle of wars between historical enemies. On May 9, 1950, French foreign minister Robert Schuman presented a historical declaration proposing to jointly manage, through a single supranational authority, the industries needed to wage war -- coal, iron, steel. The Schuman Declaration was adopted by six countries -- Belgium, France, Germany, Italy, Luxembourg and the Netherlands; May 9 is since considered the founding day of the EU.

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OPINION

China ramps up global yuan push

News, Published on 03/05/2025

» As Chinese President Xi Jinping toured Southeast Asia last month to forge closer ties against higher US tariffs, the People's Bank of China (PBOC) was seizing a moment of confusion and disruption in global trade to promote greater usage of the yuan.