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South Korea's Kospi Index Drops Over 6% Amid Chip Selloff and Oil Price Concerns
Asian Technology Stocks Decline Following U.S. Semiconductor Sell-Off
IMF Raises Global Growth Forecast Amid AI Investment, Warns of Risks
Japan's Wholesale Inflation Remains Elevated at 6.8% Amid Cost Pressures
AI Compute Shortage Drives Up Chip Rental Costs by 60%
BlackRock Adjusts Investment Strategy, Moves to Neutral on US Stocks and Increases Treasury Holdings
Reserve Bank of Australia Raises Interest Rates to 4.60% Amid Inflation Concerns
PBOC Expected to Set USD/CNY Reference Rate at 6.6981
KLEA Finance Daily: Monday, October 12, 2026
IMF Warns AI Poses Long-Term Threat to Jobs During Annual Meetings in Bangkok
Broadcom CEO Warns of AI Investment Risks Amid Revenue Growth Forecasts
Goldman Sachs Analyzes Factors Influencing French Bond Spreads Amid Political and Oil Market Pressures
UK Retail Sales Rise Amid Rising Fuel Costs
Standard Chartered Launches Custody for Ripple's RLUSD in Dubai
Saudi Arabia Plans 1.2 Million BPD Pipeline Boost Amid Ongoing Supply Risks
JPMorgan Predicts Strong Q3 Earnings to Bolster Global Stock Markets
Cleveland Fed President Advocates for Higher Interest Rates to Curb Demand
Elon Musk Donates $276 Million to Republican Groups for 2026 Midterm Elections
US Dollar Strengthens as European Stocks Rise and Oil Prices Increase
Oil Prices Rise Amid Geopolitical Tensions in Ukraine and the Middle East
Reserve Bank of Australia Minutes and Labour Force Data to Influence Monetary Policy
U.S. Stock Market Shows Mixed Results as Major Indices Diverge
Earnings Calendar Highlights Major Banks and Tech Firms from October 12 to 16
Crude Oil Prices Surge Amid Middle East Tensions
Russia Announces Potential for Increased Diesel Exports
Russia and US Discuss Diesel Supply Agreement
Container Vessel Struck by Unknown Projectile, Reports UKMTO
Meta releases Muse Wonder AI models to challenge Anthropic and OpenAI
Hackers heat French supermarket fridges, sparking fires and spoiling food
EUR/USD Exchange Rate Hits Lowest Point Since May 2025
Bumble stock surges on report of $1B buyout talks
S&P 500 Wavers Before Earnings as Chip Stocks Fall: Markets Wrap
US Should Not Do Diesel Deal With Russia, Says Republican Mike Lawler
France's Economic Growth Slows to 0.1% in Third Quarter
Bank of France Survey Shows Sharp Jump in Business Uncertainty
IonQ to Acquire Cybersecurity Firm Elisity in $1.3 Billion All-Stock Deal
Saudi Arabia Issues Early Warning Alert for Potential Threat in Riyadh
Ukraine Should Be Free to Strike Russia, Says Trump's Ex-Envoy
Koch, Getty Families Team Up to Take Getty Images Private in Bankruptcy Deal
French Third-Quarter Economic Growth Estimated at 0.1%
Elon Musk injects $275mn into Republicans’ fight to retain Congress
Why is Ciena stock tumbling today?
Why is T-Mobile US stock rallying today?
French economy posts minimal growth in third quarter
Canada, Western allies condemn Iran over alleged attacks across Europe
Dating App Bumble in Advanced Talks to Go Private at $1 Billion Valuation
Swiss Dental Startup vVardis Is Preparing for US IPO
Washington Commanders New NFL Stadium Plan Prompts DC to Weigh Muni-Bond Sale
Federal Reserve Official Describes Current Treasury Rates as Modest
Fed’s Hammack says Treasury yields modest by historic standards
NZDUSD Currency Pair Faces Key Support Test Amid Ongoing Downtrend
Is Universal Basic Income the Answer to A.I.-Fueled Job Losses?
Meta Unveils New Series of Advanced A.I. Models
Bristol Results Show Promise in Rare Cancer, Lung Disease
Watch out luxury: mid-market fashion brands are staging a comeback
Getty Images plans bankruptcy filing, to go private
China gloom hits LVMH, dims hopes of luxury revival
Two Turkish nationals detained in Germany over Poland fire
From Iowa Steel to Philly Ships, Trump’s Industrial Promises Face Big Tests
Fitch Ratings Warns of Potential Credit Rating Downgrade for France
Microsoft stock outlook: Azure growth and earnings set to drive next move
U.S. inflation data preview: September CPI and what it means for markets
Fed’s Hammack calls for quick move to restrictive policy
LVMH Sales at Key Unit Tumble on Weaker Demand in China
Fed’s Hammack Prefers Smaller, Frequent Rate Adjustments
The diesel crisis is testing the limits of globalisation
Meta Launches Muse Wonder AI Model to Compete with OpenAI and Anthropic
Meta CEO Mark Zuckerberg Declares Company Has Reached AI 'Frontier'
Why is 10X Genomics stock down 10% today?
People's Bank of China Sets Yuan Central Rate at 6.7298 Against US Dollar
The People's Bank of China (PBOC) has established the central exchange rate for the Chinese yuan at 6.7298 against the US dollar, exceeding market expectations which estimated the rate at 6.6981. This marks the strongest reference rate for the yuan since February 2, 2023.
The PBOC permits the yuan to fluctuate within a range of plus or minus 2% around this central rate, allowing for some flexibility in the currency's value. This mechanism is part of China's broader strategy to manage its currency in response to market conditions and economic indicators.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News