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After suffering its worst month of June, the Chinese currency continued its descent. The renminbi has reached its lowest point in a year against the dollar on Friday and has lost more than 5% overall against the greenback since the beginning of last month.
The question asked – in the Oval Office and beyond – is The Fall of the Currency is a Beijing effort to open a second front in Donald Trump's trade war with China and turn it into a currency war .
The injection of 74 billion dollars by the country's central bank. But beyond the Chinese border, a weaker renminbi represents a new risk for neighboring countries and their currencies. (FT)
In the News
Trump Strikes Against Iran
President Donald Trump warned his counterpart Hassan Rouhani never to threaten the United States – or otherwise. "WE ARE NO LONGER A COUNTRY THAT WILL BE HELD FOR YOUR WORDS MADE FROM VIOLENCE AND DEATH, BE CAREFUL!", He tweeted, earlier in the day, Mr. Rouhani had declared that a confrontation with Iran would be the "mother of all wars". (FT)
Macron under fire to beat demonstrators
Emmanuel Macron's office makes the # 39; object of an examination after a French president's assistant was protected from prosecution after being arrested beating May 1 protesters. (FT)
Anger against the latest Beijing vaccine scandal
More than 250,000 doses of diphtheria, tetanus and pertussis vaccines were distributed to medical centers in China last year … (TF)
The possible upward adjustment of the BoJ
Concerns that the Bank of Japan could adjust its monetary policy Global bond markets on Monday, causing the largest rise in Japanese government bond yields in two years. Treasury yield (FT)
China Tower seeks $ 35 billion valuation
The world's largest telecommunications tower group seeks to raise up to $ 8.68 billion dollars in its initial public offering in Hong Kong. But potential investors who expect growth surprises will be disappointed, writes Lex. (FT)
The Day to Come
The Alphabet's Earnings
This is a big week for technology gains, starting with Google's parent company. At the close of the New York markets, the group posted higher than expected revenue in the second quarter. After trading, equities rose 5% as investors responded to earnings. (FT)
Interest Rate of Turkey
The Central Bank will hold its monetary policy meeting on Tuesday after the controversy over the independence of the bank after President Recep Tayyip Erdogan appointed his son-in-law finance minister. The higher rate hike than expected in June was described as bold and unexpected. Some analysts believe that the bank will increase rates again this quarter. (FT)
Pacific Alliance Summit
Mexico will host Tuesday the 13th Presidential Summit of the Pacific Alliance in Puerto Vallarta. The group's goal, which includes Colombia, Peru and Chile, is to increase trade with Asia. South Korea is the last country to become an associate member. (Reuters)
Keep up to date on the great business, the economy and politics in the coming days with the FT Weekend [19659005] What are we reading? The smartphone addiction: the balancing of advanced technology
Apple claims never want people to spend all their time on their mobile devices. But in terms of smartphone addiction, where will Apple, Google and Facebook go when their business models are so closely related to those same eyes? (FT)
Revenge on the United States is sweet for Putin
The Russian president derives satisfaction from America's embarrassing, writes Gideon Rachman. Vladimir Putin's worldview is built around the idea that the West has weakened and humiliated Russia for decades. (FT)
"A Different Version" of Tiger Woods
The professional golfer was briefly in the lead in the last round of the British Open, but tied for sixth. At 42, he's not too old by golf standards. He could be author of another act in his storied career. (WSJ)
My Perfect Summer
How to Spend Your Vacation: Ambassadors, Adventurers and Chefs on the Art of the Great Getaway. Five decades after President Mao's Red Guards had killed companion dogs – a "bourgeois" accessory – the young Chinese are lavishing more and more money on animals. After enriching its owner, this border collie now lives in a $ 500,000 pet mansion. (WaPa)
My week with bouncy hair, shiny, "professional" & # 39; The knocks at 7 am are a way of life for many working women. But at what cost? Emma Jacobs investigation. (FT)
Mitsubishi Jetfighter
When the Mitsubishi Regional Jet began to develop, its two largest rivals were relatively minor players in the aviation industry. But 10 years and several delays later, Japan's first modern airliner finds itself competing in a market being acquired by the twin Boeing and Airbus behemoths. (Nikkei Asian Review)
Video of the Day
Factory Floor: Inside Raleigh HQ
The FT visits the Nottingham headquarters of the Raleigh Bicycle Company, founded in the 1880s and houses iconic bikes like the Chopper, Grifter and Burner. The company has been very successful but has gone through a turbulent period and is now focusing on e-bikes. (FT)
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