Mon, Nov 27, 2023
The problems flared when India - which has become Russia's biggest buyer of seaborne oil since European customers retreated - insisted in July on paying in rupees and the trading activity nearly fell apart, according to three sources familiar with the matter.
Thu, Sep 14, 2023
China's offshore yuan weakened on Thursday after the People's Bank of China said it would cut banks' reserve requirement ratio - the amount of cash that banks must hold as reserves - by 25 basis points.
Tue, Aug 22, 2023
The yield on the U.S. 10-year Treasury hit the highest since 2007 on Monday on bets that a resilient U.S. economy will push the Federal Reserve to keep interest rates higher for longer.
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.
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.
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.
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.
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.
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.
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.
Fri, Nov 11, 2016
China weakened the yuan`s reference rate to beyond 6.8 to the dollar for the first time in more than six years on Friday as the greenback rebounded strongly, with analysts warning the unit could drop further.
Tue, Nov 08, 2016
China's exports slid 7.3% year-on-year to $178.2 billion in October, data showed on Tuesday, as weak global demand weighed on the world's second-largest economy.
China`s foreign exchange reserves dropped nearly $46 billion in October, the central bank said, their second-largest decline this year as capital outflows eat into the world`s largest stockpile.
Sat, Oct 01, 2016
The yuan joins the US dollar, the euro, the yen and British pound in the IMF's special drawing rights (SDR) basket, which determines currencies that countries can receive as part of IMF loans.
Wed, Sep 07, 2016
China's foreign exchange reserves fell to the lowest since 2011 in August as the central bank intervened to support the yuan currency as it weakened to near-six year lows.
Sat, Jun 25, 2016
Friday's result also threatens to redefine Britain's growing financial services relationship with China, which has agreed to a number of joint projects as part of the China-UK Economic and Financial Dialogue (EFD) programme to deepen economic ties between the two counties, based largely on the UK's membership of the EU.
Thu, May 26, 2016
The yuan jumped to the fourth place last August but gradually lost growth momentum as the volatile foreign exchange rate and China's sluggish economy dampened foreign investors' appetite to use or hold the currency.
Mon, May 23, 2016
The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.