Column-Rock and hard place? China opts to hold yuan: Mike Dolan
By Mike Dolan LONDON (Reuters) – China’s seeming determination to hold the yuan stable in the face of a deflationary asset price bust and capital …
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Bolivia challenges global dollar dominance with Chinese yuan, Russian rouble
LA PAZ (Reuters) – Bolivia’s government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the Chinese yuan, officials …
Russia’s Sberbank begins lending in Chinese yuan, bank official says
VLADIVOSTOK, Russia (Reuters) – Russia’s largest lender, Sberbank, on Tuesday said it had started lending in Chinese yuan, as Moscow looks to develop its financial …
Marketmind: Yuan, euro and pound head down the Hole
A look at the day ahead in U.S. and global markets from Mike Dolan. Global central banks are scattering again, propelling a resurgent U.S. dollar …
China Jan-June non-financial outbound direct investment +0.8% y/y in yuan terms
BEIJING – China’s non-financial outbound direct investment (ODI) in the first six months of 2022 rose 0.8% from a year earlier to 351.67 billion yuan …
Exclusive-India’s top cement maker paying for Russian coal in Chinese yuan
By Sudarshan Varadhan, Aftab Ahmed and Nupur Anand NEW DELHI – India’s biggest cement producer, UltraTech Cement, is importing a cargo of Russian coal and …
China’s May new bank loans surge 1.89 trln yuan, much stronger than forecasts
BEIJING – Chinese banks extended 1.89 trillion yuan ($282.62 billion) in new yuan loans in May, rebounding sharply from April and beating analysts’ expectations as …
China’s May new yuan loans seen rebounding on central bank support -Reuters poll
BEIJING – China’s new yuan loans likely rebounded sharply in May after a drop in April, a Reuters poll showed, as the central bank ratchets …
China uses digital yuan to stimulate virus-hit consumption
SHANGHAI – China is using the digital yuan to stimulate consumption in its pandemic-hit economy, with more e-CNY applications expected in future to boost transparency …
China offers more forex hedging tools in wake of yuan volatility
SHANGHAI -China’s foreign exchange regulator said on Friday it would offer new derivatives tools to help companies better hedge their currency risks, after recent huge …
IMF lifts weighting of dollar, Chinese yuan in SDR basket
BEIJING – The International Monetary Fund said on Saturday it has increased the weighting of the dollar and Chinese yuan in its review of the …
Exclusive-Shanghai’s lockdown delays dollar buying, gives falling yuan reprieve
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE – Shanghai’s COVID-19 lockdown is wreaking havoc on companies’ dividend-payment paperwork and bankers say it is delaying summertime …
Factbox: How PBOC might respond to China’s weakening yuan
(Reuters) – The yuan’s 5% fall against the dollar in the last three weeks has raised speculation over when and how the People’s Bank of …
Allan Yuan named 2022 Raytheon Technologies MATHCOUNTS® National Champion
Allan Yuan from Hoover, Alabama is the 2022 Raytheon Technologies MATHCOUNTS National Champion Tweet this Allan won the final round of the 2022 Raytheon Technologies …
China’s April new yuan loans seen falling as demand weakens-Reuters Poll
BEIJING – China’s new yuan loans are expected to have dropped in April after a rebound in March as credit demand weakened, a Reuters poll …
Spike in corporate hedging weighs on slumping yuan
SHANGHAI – The yuan’s slump has triggered a scramble by Chinese companies to hedge against the risk of further depreciation, which analysts say could add …
Foreign funds fret geopolitics taints China yuan, markets :Mike Dolan
By Mike Dolan LONDON – Paradigm lost? A long-held view among many investors that China’s currency and markets would one day sit at the centre …
Analysis-Globalised yuan complicates Beijing’s bid to stem capital flight
By Samuel Shen and Alun John SHANGHAI/HONG KONG – This month’s dive in China’s currency has revived memories of past routs but market participants say …
Investment banks rush to cut yuan forecasts following rapid losses
SHANGHAI – Global investment houses have rushed to cut their yuan forecasts as China’s currency heads for its worst month in decades, with optimism souring …
China needs open capital markets for yuan to be global currency, IMF’s Gopinath says
By David Lawder WASHINGTON – If China wants its yuan to become a globally used currency, Beijing would need to have open capital markets and …
China central bank expands digital yuan pilot scheme to more cities
SHANGHAI – China’s central bank said on Saturday it will further expand a pilot scheme of its digital currency to more areas, including cities in …
Brazil central bank quadruples exposure to Chinese yuan
By Marcela Ayres BRASILIA – Brazil’s central bank more than quadrupled its foreign reserves in Chinese yuan last year, policymakers reported on Thursday, as it …
China to give 1 trillion yuan tax rebates to small firms – CCTV cites cabinet meeting
BEIJING – China will give nearly 1 trillion yuan ($157 billion) in tax rebates to domestic small firms to shore up economic stability, state media …
Russia to use yuan from its forex reserves, finance minister says
– Russia will use Chinese yuan from its foreign exchange reserves after Western sanctions blocked Moscow’s access to the U.S. dollars and euros in the …
China set to approve 3rd batch of localities for digital yuan trials – state media
SHANGHAI – China will soon approve the third batch of localities set to launch trials of its digital yuan currency, state-backed financial outlet Securities Times …
China could take further measures to rein in yuan- former regulator
SHANGHAI – The Chinese government could take further measures if needed to keep the yuan stable, potentially putting downward pressure on the currency, a former …
Republican senator urges U.S. to monitor China’s digital yuan push during Olympics
By Hannah Lang – A leading Senate Republican is urging the Biden administration to closely monitor the use of China’s recently launched digital currency during …