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China Inc.'s large dollar debts fuel Beijing's efforts to curb yuan plunge
By Lingling Wei
The Wall Street Journal
Tuesday, January 3, 2017
BEIJING -- The large pile of foreign debt owed by Chinese companies, from state-owned banks to airlines, is giving added impetus to Beijing's efforts to keep the yuan from falling too steeply against the rallying dollar.
The yuan dropped by 4 percent over the past three months, as the dollar recently hit a 14-year high against 16 currencies. The faster-than-expected depreciation is causing more businesses and individuals to try to get out of yuan, further pressuring the currency.
To bolster the yuan, the central bank and other agencies have ratcheted up controls on Chinese companies as well as citizens investing offshore. In the latest move banks were ordered over the weekend to step up scrutiny of individuals' purchases of foreign currency. ...
... For the remainder of the report:
http://www.wsj.com/articles/china-inc-s-large-dollar-debts-fuel-beijings...
Market Analyst Fabrice Taylor Expects K92 Shares to Rise
as Company Commences Gold Production and Gains Cash Flow
Interviewed on Business News Network in Canada, market analyst and financial letter writer Fabrice Taylor said shares of K92 Mining (TSXV:KNT) are likely to rise, even amid declining gold prices, because the company has begun producing gold at its mine in Papua New Guinea:
http://www.bnn.ca/video/fabrice-taylor-discusses-k92-mining~1008356
Taylor cited the company's announcement here:
http://www.k92mining.com/2016/11/6114/
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