The Chinese yuan reached a peak of 6.1904 against the US dollar Wednesday, the highest level since the exchange rate reform program began in 2005, and beyond economists' expectations.
China's yuan rose to another new high against the U.S. dollar late Thursday, breaking records for the third session in a row, after the central bank continued to boost the yuan's fixing rate.
SHANGHAI--China's yuan fell against the U.S. dollar on Thursday after the central bank guided its currency weaker through a reference exchange rate while signs that the country's manufacturing contracted in May also weighed.
On the over-the-counter market, the dollar hit 6.1537 yuan in the early afternoon--its lowest since the launch of the modern Chinese currency trading system in 1994. At around 0830 GMT, the dollar was at 6.1560 yuan around 0830 GMT, lower than Friday's ...
Highland Capital Management seeks 5 bln yuan in first tranche. * Focused on SE Asian targets serving overseas Chinese demand. * Follows establishment of state-owned yuan offshore fund in 2012. * Hopes to cash in on liberalisation of capital account ...
Chinese officials have been talking about a 2015 goal for �full yuan convertibility� since at least late 2011, but many sceptics have noted that this can't really happen while (for example) the yuan trades within a still-narrow band, or while lending ...
After years of tight state control, China is finally preparing its currency, the yuan, to go mainstream. The State Council revealed it would propose plans this year to allow freer flow of the yuan after a meeting led by Premier Li Keqiang on Wednesday.
The video was released to soothe Beijing migrant workers' outrage at police investigations over the death of 22-year-old Yuan Liya, whose body was found near the exit of an underground parking garage in the capital. However, the footage backfired as ...
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