FTAlphaville: Busting currency pegs, Saudi Arabia edition
Unlike China, Saudi FX reserves are twice the size of the money supply. Devaluation is unlikely unless this is The Big One, but this does show the pressure in the global financial system and the demand for U.S. dollars.
The US Threatens to Sanction Companies That Don’t Give a Damn
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The Biden Administration claims Chinese companies are helping Russia
rebuild its war machine. The US sanction proposal is laughable. China's
counterthreat ...
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