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 flight leaves it with an…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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.…
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…
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…
(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…
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…
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…
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.…
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…
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…
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…
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…
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…
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…
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…
– 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…
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…