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Chinese Yuan news

Showing stories 11 - 20 of about 70   

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Chinese Yuan solidifies position as Top 5 payment currency in May: SWIFT
Overall, the Chinese currency strengthened its position as the fifth most used currency for global payments in value, as it accounted for 2.18% of payments worldwide in May 2015.
Internationalization Imminent With Increased Use of the Yuan  Payment Week
If China's Yuan Becomes a Reserve Currency it Could Impact Gold: Jim Rickards
China's quest to get the yuan recognized as a reserve currency by the International Monetary Fund (IMF) could trickle down to affect gold, says Jim Rickards, best-selling author of 'Currency Wars' and 'The Death of Money'. Rickards explains that there ...
Atlantic Council urges China to be clearer over plans for yuan  Reuters
China's gives 250 bln yuan in loans to banks
A total 384.5 billion yuan of such loans to 14 financial institutions matured on Friday and 11 of them requested an extension, the central bank said, without giving further details.
4 Trillion Reasons China's Currency Isn't Ready for Prime Time
The latest flurry of excitement centers on China's bid to have the RMB included in the basket of currencies represented in the Special Drawing Rights issued by the International Monetary Fund.
Is The Yuan The New Greenback? [WisdomTree Dreyfus Chinese Yuan Fd (ETF)]
The direction and footprint of the Chinese yuan, or renminbi as it's also known, is important not just for investors in China, but also for the global economy.
Senators want China kept out of currency club over hacking  Washington Post (blog)
Shyam Saran: An IMF boost for China's currency  Business Standard
Chinese yuan strengthens while New Zealand dollar falls to 5-year low
The Chinese yuan strengthened on Thursday morning while a sudden interest rate cut has let the New Zealand dollar dropped to its lowest level in five years.
Chinese yuan strengthens to 6.1150 against USD Thursday  Shanghai Daily (subscription)
Chinese yuan weakens to 6.1167 against USD Friday  GlobalPost
China's yuan at its weakest in 10 days as Greece in backdrop
The Chinese yuan weakened to its lowest level in 10-days on Monday after China announced an interest rate cut over the weekend while the US dollar strengthened amid the deepening crisis over debt talks with Greece.
SOFAZ starts investing in Chinese Yuan
In 2014, the People's Bank of China (PBC) issued a license for an investment up to 3 billion yuan, and a contract was signed for the purchase and custody of yuan denominated sovereign and agency bonds. On July 1 this year, SOFAZ made first investments ...
China's yuan stays flat on suspected central bank intervention
SHANGHAI: China's yuan was flat on Friday as dollar sales by big state-owned banks offset rising corporate dollar demand for dividend payments at the end of the first half of the year, traders said.
Chinese Yuan Falls To 4-day Low Against US Dollar  London South East
Yuan weakens as dollar climbs on better GDP data  South China Morning Post (subscription)
Bearish bets on China's yuan may misfire
To achieve its grand plan, Beijing is keen to keep its currency stable even if that means the yuan will continue to strengthen against almost all the other currencies as they weaken against a strong dollar, and hence dent Chinese export competitiveness.