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Asian shares, yuan down after Moody's downgrades China
Wed, May 24, 2017
The Aussie fell as much as 0.3 percent to $0.7455 while the yuan slipped to 6.8901 per U.S. dollar , 0.1 percent below late U.S. levels after Moody`s downgraded China to A1 from AA3.
US President Donald Trump calls Chinese ''grand champions'' of currency manipulation
Fri, Feb 24, 2017
US President Donald Trump declared China the "grand champions" of currency manipulation on Thursday.
Asian shares off 1 1/2-year high, Trump's yuan comment in focus
Fri, Feb 24, 2017
MSCI`s broadest index of Asia-Pacific shares outside Japan was down 0.1% in early trade.
China's January forex reserves fall more than expected to $2.998 trillion, near 6-year low
Tue, Feb 07, 2017
China's foreign exchange reserves have fallen to $2.998 trillion in January as compared to a drop of $41 billion in December.
China unveils fresh steps to curb capital outflows, spur inflows
Thu, Jan 26, 2017
Inorder to curb capital outflows and to boost foreign currency inflows of the country, China's foreign exchange regulator State Administration of Foreign Exchange (SAFE) has issued new guidelines in the latest step to ease pressure on the yuan currency.
China banks extend record 12.65 trillion yuan in loans in 2016 as debt worries mount
Thu, Jan 26, 2017
China's banks have extended a record 12.65 trillion yuan ($1.84 trillion) of loans in 2016 as the government encouraged more credit-fueled stimulus to meet its economic growth target.
China steps up capital controls, tightens investment rules for state firms
Wed, Jan 18, 2017
China issued regulatory rules on outbound investments by centrally-controlled state firms, the state asset regulator said on Wednesday, the latest move by Beijing to tighten controls on money moving out of the country and stabilise a faltering yuan.
China to target around 6.5% economic growth in 2017: Sources
Mon, Jan 16, 2017
China will lower its 2017 economic growth target to around 6.5% from last year`s 6.5-7%, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks.
Global stocks rise as commodities rally; dollar falls vs yen
Thu, Jan 12, 2017
Stocks rose worldwide on Tuesday supported by a rally in commodities such as copper and silver, while the dollar fell against the yen on investor caution ahead of a news conference by U.S. President-elect Donald Trump on Wednesday.
China weakens yuan following last week's jump
Mon, Jan 09, 2017
China`s yuan resumed its downward slide Monday as officials weakened its value against the dollar by the most in six months, having hiked it at the end of last week.
China sets biggest one-day yuan increase in over decade
Fri, Jan 06, 2017
China on Friday hiked the yuan against the dollar in its biggest one-day increase since 2005, after the greenback fell against leading currencies the previous day.
China plans to spend $115 billion on railways in 2017: Xinhua
Wed, Jan 04, 2017
China plans to spend 800 billion yuan ($115.09 billion) on building railways this year, the same budget as last year, to grow its network to 150,000 kilometres, state news agency Xinhua reported on Wednesday.
China central bank adviser calls for flexible 2017 growth target
Sun, Jan 01, 2017
The Chinese government should set a more flexible target for economic growth this year to give more space for reform efforts, a central bank adviser told the official Xinhua news agency in comments published on Sunday.
China's November industry profits grow well, but chance to sustain gains clouded
Tue, Dec 27, 2016
China`s industrial sector showed the strongest profit growth in three months in November, suggesting the world`s second-largest economy was improving, though policymakers noted gains were too dependent on rebounding prices for oil products, iron and steel.
China's money markets battle dual deficits of cash, trust
Wed, Dec 21, 2016
China`s money markets are bracing for a rough transition into 2017 as a traditional year-end cash deficit coincides with heavy capital outflows and a disruptive bond default that are creating sporadic cash shortages and ramping up counterparty risk.
Christine Lagarde keeps IMF job, escapes penalty after negligence conviction in France
Tue, Dec 20, 2016
International Monetary Fund (IMF) chief Christine Lagarde kept her job and escaped punishment on Monday despite a conviction on negligence charges by French judges over a state payout made while she served as France`s finance minister in 2008.
China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers
Mon, Dec 19, 2016
China`s economy will grow around 6.5% in 2017, while the yuan will continue to fall, government researchers said in Beijing on Monday.
China urges calm on yuan after US rate hike
Fri, Dec 16, 2016
The mouthpiece of China’s Communist Party said on Friday there was “no need to worry too much” about downward pressure on the yuan as the currency wallows at more than eight-year lows against the dollar.
China November data to show steady growth, but yuan, capital controls a worry: Reuters poll
Tue, Dec 06, 2016
A flood of data from China in coming weeks is expected to show the economy continued to grow at a steady pace in November, with inflation quickening and credit expanding at a faster pace despite concerns about rising debt, a Reuters poll showed.
China weakens yuan-dollar rate below 6.9 mark
Thu, Nov 24, 2016
China weakened the yuan's reference rate to beyond 6.9 to the dollar for the first time in more than eight years on Thursday as the surging greenback further pressures the carefully controlled unit.