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Let us talk about the big themes. One of them is do not mess with my currency. The chinese of course, this is what we have for you. Now areyuan. In breach of this level. And the pc of the said this is it. Back off on the currency. They ratchet up the price of borrowing, up by 3. 8 . Since the highest february. These moments of breach and dollaryuan invoke the invective from the pcbo, ratcheting up. That is putting the cap. That is the message from the g20. The devaluation , or let us say the depreciation of the currency. Exports up for the Third Straight month, imports are searching. Yuan, do not mess for my currency. Nejra is that a look at the risk radar. See what we are watching this morning. Starting of course with global stocks i have the msc. I all country pretty much unchanged, really ahead of the ecb today. And you have the bank of japan coming up later this month and the fed decision. It got quiet and equity markets. Vola ....
Let us know which you think about todays top stories by following me on twitter at rishaadtv, use trendingbusiness as well. Another 30 minutes to go before the chinese session kicks off. David here is david. A lot of data coming through. We had the gdp numbers out of reaction onjerk dollaryen. Japann lows of the moment under a little pressure, asia mixed. The has erased kospi has erased most of its gains. We are watching for the apple effect. Three,re apples big these guys need apple as much as apple needs these three. Has 850,000 employees, roughly speaking. These are the guys that make the iphone. The taiwan dollar has been driven up. When you talk about the companies that need apple the most. Herea look at this graphic. As you make your way down the list, you have the likes of , andron, japan displays others that get a lot of Software Revenue from apple. Debate iphone, a big whether it is something new and will help the trend ....
The u. S. And china, the two biggest polluters, brokering a significant deal on that front. Both countries agreed to new deadlines for reducing Greenhouse Gas emissions the next two decades. Here is the president on that today. As the worlds two largest economies, emit ochters of Greenhouse Gases, we have the responsibility to lead Climate Change. They agreed to double the pace at which its reducing Carbon Emissions by 2025. China, on the other hand, will boost nonfossil fuel share of all of its energy by 2030. These are slow processes under way but it is a significant step. Thats because at this point, the u. S. And china produce 40 , 40, of the worlds Greenhouse Gas emissions. A reaction from the hill . Jus ....
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