Yuan Falls To Fresh 11-Year Lows On Trade War Worries
Business | Thomson Reuters | Thursday August 22, 2019
Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.
This Man Spent Seven Years And $240 Million Waiting For A China Crash
Business | Saijel Kishan, Bloomberg | Thursday September 7, 2017
And now he's lost his conviction: Mark Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
Market Bears Smell Blood As China Scrambles To Plug Capital Outflows
Business | Thomson Reuters | Monday December 5, 2016
China is trying to tighten its grip on capital outflows after a slide in the yuan this year of almost 6 percent, which has pushed the currency down to levels last seen more than eight years ago.
China Cuts Yuan Fix In Biggest Move Since Devaluation
Business | Agence France-Presse | Monday June 27, 2016
China weakened the yuan's fixing almost one per cent to a five-and-half-year low against the dollar on Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
IMF Sees Little Room for Dramatic Yuan Depreciation
Business | Press Trust of India | Saturday March 12, 2016
The International Monetary Fund (IMF) has said it does not expect a very dramatic depreciation of the Chinese yuan anytime soon, but the multilateral agency has instruments in place to deal with volatility on account of any further devaluation.
Use of Yuan for Trade Deals Seen Growing
Business | Thomson Reuters | Tuesday February 23, 2016
More China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further.
China Forex Reserves Fall to Lowest Since May 2012
Business | Thomson Reuters | Sunday February 7, 2016
China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.
Chinese Yuan to Fall but No Big Devaluation Seen: Poll
Business | Thomson Reuters | Friday February 5, 2016
The Chinese yuan will slide to a multi-year low in the coming 12 months based on expectations of more monetary policy easing, continued outflows of capital and further pressure from a relatively strong dollar, according to a Reuters poll.
Government to Be Very Concerned by Big China Devaluation: Arvind Panagariya
Business | Thomson Reuters | Tuesday January 19, 2016
India would be very concerned if China were to allow a major devaluation in the yuan currency, its Group of 20 summit negotiator told Reuters, adding that he doubted Beijing would allow this to happen.
China Has No Intention To Boost Exports With Yuan Devaluation: Premier
Business | Thomson Reuters | Saturday January 16, 2016
China does not intend to use a cheaper yuan as a way to boost exports and has the tools to keep the currency stable, Chinese Premier Li Keqiang said in a meeting with the president of the European Bank for Reconstruction and Development, state news agency Xinhua reported on Saturday.
China Steps Up Efforts to Stabilise Yuan, Stocks Still Fragile
Business | Thomson Reuters | Tuesday January 12, 2016
China stepped up efforts to curb bets against its currency and reassure sceptical investors, as its central bank set another firm fix for the yuan on Tuesday backed by what dealers said was aggressive yuan buying offshore.
China Stocks Close Higher; Central Bank Tries to Stabilise Yuan
Business | Thomson Reuters | Tuesday January 12, 2016
China stocks closed higher in choppy trade on Tuesday as the central bank tried to stabilise the yuan after allowing it to sharply depreciate in the first week of the year, sowing confusion in global financial markets over its policy direction.
India Gold Prices at Discount for First Time in 3 Weeks
Business | Thomson Reuters | Friday January 8, 2016
A rally in gold prices this week curbed demand in key consumer India and sent local prices to a discount to the global benchmark for the first time in three weeks, while a tumble in yuan underpinned demand in top buyer China.
Chinese Currency Depreciation 'Worrying' for Exports: Commerce Minister
Business | Thomson Reuters | Friday January 8, 2016
The government on Friday called the slide in China's yuan a "worrying" development for its flagging exports and said it was discussing possible measures to deal with a likely surge in imports from its northern neighbour.
Asia Shares Slump as China Sets Yuan Lower, Triggers Circuit Breaker
Business | Thomson Reuters | Thursday January 7, 2016
Asian stocks slid across the board on Thursday after China again guided the yuan sharply lower while Shanghai shares tanked more than 7 per cent and triggered a stock market circuit breaker for the second time this week. Share trade was suspended for the rest of the day.
The Biggest Stories of August 12, 2015
Aug 12, 2015
Yuan Falls To Fresh 11-Year Lows On Trade War Worries
Business | Thomson Reuters | Thursday August 22, 2019
Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.
This Man Spent Seven Years And $240 Million Waiting For A China Crash
Business | Saijel Kishan, Bloomberg | Thursday September 7, 2017
And now he's lost his conviction: Mark Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
Market Bears Smell Blood As China Scrambles To Plug Capital Outflows
Business | Thomson Reuters | Monday December 5, 2016
China is trying to tighten its grip on capital outflows after a slide in the yuan this year of almost 6 percent, which has pushed the currency down to levels last seen more than eight years ago.
China Cuts Yuan Fix In Biggest Move Since Devaluation
Business | Agence France-Presse | Monday June 27, 2016
China weakened the yuan's fixing almost one per cent to a five-and-half-year low against the dollar on Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
IMF Sees Little Room for Dramatic Yuan Depreciation
Business | Press Trust of India | Saturday March 12, 2016
The International Monetary Fund (IMF) has said it does not expect a very dramatic depreciation of the Chinese yuan anytime soon, but the multilateral agency has instruments in place to deal with volatility on account of any further devaluation.
Use of Yuan for Trade Deals Seen Growing
Business | Thomson Reuters | Tuesday February 23, 2016
More China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further.
China Forex Reserves Fall to Lowest Since May 2012
Business | Thomson Reuters | Sunday February 7, 2016
China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.
Chinese Yuan to Fall but No Big Devaluation Seen: Poll
Business | Thomson Reuters | Friday February 5, 2016
The Chinese yuan will slide to a multi-year low in the coming 12 months based on expectations of more monetary policy easing, continued outflows of capital and further pressure from a relatively strong dollar, according to a Reuters poll.
Government to Be Very Concerned by Big China Devaluation: Arvind Panagariya
Business | Thomson Reuters | Tuesday January 19, 2016
India would be very concerned if China were to allow a major devaluation in the yuan currency, its Group of 20 summit negotiator told Reuters, adding that he doubted Beijing would allow this to happen.
China Has No Intention To Boost Exports With Yuan Devaluation: Premier
Business | Thomson Reuters | Saturday January 16, 2016
China does not intend to use a cheaper yuan as a way to boost exports and has the tools to keep the currency stable, Chinese Premier Li Keqiang said in a meeting with the president of the European Bank for Reconstruction and Development, state news agency Xinhua reported on Saturday.
China Steps Up Efforts to Stabilise Yuan, Stocks Still Fragile
Business | Thomson Reuters | Tuesday January 12, 2016
China stepped up efforts to curb bets against its currency and reassure sceptical investors, as its central bank set another firm fix for the yuan on Tuesday backed by what dealers said was aggressive yuan buying offshore.
China Stocks Close Higher; Central Bank Tries to Stabilise Yuan
Business | Thomson Reuters | Tuesday January 12, 2016
China stocks closed higher in choppy trade on Tuesday as the central bank tried to stabilise the yuan after allowing it to sharply depreciate in the first week of the year, sowing confusion in global financial markets over its policy direction.
India Gold Prices at Discount for First Time in 3 Weeks
Business | Thomson Reuters | Friday January 8, 2016
A rally in gold prices this week curbed demand in key consumer India and sent local prices to a discount to the global benchmark for the first time in three weeks, while a tumble in yuan underpinned demand in top buyer China.
Chinese Currency Depreciation 'Worrying' for Exports: Commerce Minister
Business | Thomson Reuters | Friday January 8, 2016
The government on Friday called the slide in China's yuan a "worrying" development for its flagging exports and said it was discussing possible measures to deal with a likely surge in imports from its northern neighbour.
Asia Shares Slump as China Sets Yuan Lower, Triggers Circuit Breaker
Business | Thomson Reuters | Thursday January 7, 2016
Asian stocks slid across the board on Thursday after China again guided the yuan sharply lower while Shanghai shares tanked more than 7 per cent and triggered a stock market circuit breaker for the second time this week. Share trade was suspended for the rest of the day.
The Biggest Stories of August 12, 2015
Aug 12, 2015
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