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 flight leaves it with an …
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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 said, as Latin American support …
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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 infrastructure in countries that have …
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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 to its highest in almost …
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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 ($52.13 billion), the Commerce Ministry …
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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 paying using Chinese yuan, according …
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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 policymakers try to reverse a …
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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 up policy support for the …
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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 and effectiveness of government policies. …
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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 volatility in the Chinese yuan. …
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BEIJING – The International Monetary Fund said on Saturday it has increased the weighting of the dollar and Chinese yuan in its review of the currencies that make up the …
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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 dollar buying as some firms …
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(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 China (PBOC) might act to …
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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 MATHCOUNTS National Competition by answering …
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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 showed, even as the central …
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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 downward pressure on the currency. …
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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 of world finance to match …
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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 increased foreign holdings of yuan …
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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 amid a domestic economic slowdown …
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By David Lawder WASHINGTON – If China wants its yuan to become a globally used currency, Beijing would need to have open capital markets and full currency convertibility, the International …
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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 the eastern Zhejiang province which …
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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 trimmed holdings of U.S. dollars …
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BEIJING – China will give nearly 1 trillion yuan ($157 billion) in tax rebates to domestic small firms to shore up economic stability, state media CCTV quoted a cabinet meeting …
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– 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 reserves, Finance Minister Anton Siluanov …
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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 reported on Wednesday. According to …