Chinese Yuan saw a sharp uptick after PBoC announced a substantial 200 bps cut in foreign exchange reserve requirement ratio to 4% from 6%, effective September 15. According to PBoC, the move aims to “improve financial institutions’ ability to use foreign exchange funds.” This rate cut is set to release approximately USD 16.4B in foreign […]
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Royal Caribbean, Norwegian Cruise Line, Carnival, and MSC Cruises all regularly call on Roatan, Honduras, despite the US State Dept. issuing a Level 3: Reconsider Travel advisory for the country. In fact, multiple cruise ships Read more…
Cruise lines sort of pick and choose which laws they follow. Because they sail from American ports, both Royal Caribbean and Carnival Cruise Line use US federal law in most cases. That’s why cruise ships Read more…
In case you have not been counting, 2024 has five-and-half trading days left. And 2024 has been a very good year so far. Not record-breaking, but a 24.3% gain for the Standard & Poor’s 500 Read more…