China cuts yuan rate against US dollar for second day
China cut the value of the yuan against the dollar for a second consecutive day Wednesday, trimming the reference rate by 1.62 percent and sending a new shockwave through financial markets.
Aug 12, 2015, 09:22 AM IST
US stocks tumble on surprise yuan devaluation
US stocks fell sharply Tuesday after China unexpectedly devalued its currency, as Apple, General Motors and other companies heavily exposed to China dropped.
Aug 12, 2015, 03:07 AM IST
US in wait-and-see mode on China`s yuan devaluation
The United States warned China on Tuesday to push on with reforms to its exchange rate policy, saying it was too early to judge its devaluation of the yuan.
Aug 12, 2015, 03:02 AM IST
China's move to devalue currency could reverberate globally
China's surprise move on Tuesday to devalue its currency has intensified concerns about the world's second-largest economy, whose growth has reached a six-year low.
Aug 12, 2015, 01:55 AM IST
India's exports to be hit by yuan devaluation: FIEO
"The devaluation will affect India's exports not only to China but to other countries also with increasing competitiveness of Chinese exports.
Aug 12, 2015, 00:32 AM IST
China yuan devaluation to hit India's exports: FIEO
India's exports will be hit and the trade deficit might widen after the devaluation of Chinese currency yuan by 2 percent, which is bound to raise the competitiveness of outbound shipments from the neighbouring country, exporters' body FIEO said Tuesday.
Aug 11, 2015, 21:57 PM IST
China to issue new 100-yuan bank note
The People`s Bank of China (PBOC) on Monday announced that it would issue a new 100-yuan bank note from November 12, a media report said.
Aug 10, 2015, 13:53 PM IST
China to issue new 100 yuan note with more security features
China's central bank, the People's Bank of China (PBOC), Monday said it will start issuing a new 100-yuan bank note from November 12 that will be harder to counterfeit and easier for machines to read.
Aug 10, 2015, 11:36 AM IST
China says recovered 38.7 billion yuan in graft losses
China has recovered 38.7 billion yuan ($6.2 billion) in losses from graft, state media reported, as the leadership pursues a campaign against pervasive corruption.
Jul 29, 2015, 09:19 AM IST
Japan banking giant to sell country's first yuan bond
One of Japan's biggest banks today said it would sell bonds denominated in China's yuan currency as frosty ties between the major trading partners show signs of thawing.
Jun 19, 2015, 00:19 AM IST
Chinese Yuan still undervalued: US Jack Lew
The United States still believes China`s yuan currency is undervalued, unlike the International Monetary Fund, US Treasury Secretary Jack Lew said Wednesday.
May 27, 2015, 23:17 PM IST
Chinese currency no longer 'undervalued': IMF
The IMF Tuesday said China's currency is "no longer undervalued," deflating repeated US assessment that the Yuan is deliberately devalued to secure trade advantages.
May 26, 2015, 21:41 PM IST
China's 'real' economy wants to be neither borrower nor lender
Beijing is pushing trillions of yuan into its banking system to boost business investment and arrest slowing growth, but a combination of unwilling borrowers and selective lenders is blunting its efforts.
Apr 23, 2015, 15:16 PM IST
OECD expects 7 China growth in 2015, urges freer yuan
OECD Secretary-general Angel Gurria said he also expected domestic demand will be strong enough to prevent deflation.
Mar 20, 2015, 13:08 PM IST
Hong Kong stocks end up 0.91%, Shanghai surges
Hong Kong shares climbed 0.91 percent Wednesday, tracking another rally in Shanghai on hopes of further measures to stimulate the Chinese economy.
Mar 18, 2015, 14:41 PM IST
China central bank chief says to maintain prudent policy as economy slows
China has no need to change its prudent monetary policy stance, central bank governor Zhou Xiaochuan said on Thursday, after a raft of data suggested the world`s second-largest economy lost further momentum early in the new year.
Mar 12, 2015, 17:02 PM IST
China seeking yuan role in IMF reserve currency
China is in talks with the International Monetary Fund for the Washington-based institution to add the yuan to its basket of reserve currencies, a top banking official said Thursday as Beijing seeks a greater global role for the unit.
Mar 12, 2015, 16:57 PM IST
ITNL hits Chinese debt market again, raises 630 mn yuan
IL&FS Transportation Networks, the international arm of infra company IL&FS, has raised 630 million yuan or about USD 100 million from the Chinese debt market offering a coupon of 5.75 percent, say market sources.
Mar 09, 2015, 20:14 PM IST
Samsung, China trade deal give boost to South Korea's yuan hub ambitions
South Korea became the third country in the world to begin direct trading of the yuan for a local currency in December under the aim of grabbing a larger share of the growing business opportunities involving the yuan outside China.
Feb 25, 2015, 13:35 PM IST
China's yuan breaks into the world's top five as payment currency: SWIFT
China`s yuan broke into the top five as a world payment currency in November, overtaking the Canadian dollar and the Australian dollar, global transaction services organisation SWIFT said on Wednesday.
Jan 28, 2015, 10:13 AM IST
