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Yuan

yuan-currency

Russia’s Central Bank adds yuan to reserve currency basket

01/12/2015(0)
According to the sources, the share of Russian reserves in yuan in the near future will remain small and symbolic Russia’s Central Bank has added the Chinese yuan to ... Read More
yuan_market

What Will It Mean If the Yuan Gets Reserve-Currency Status?

30/11/2015(0)
At least $1 trillion of global reserves may migrate to yuan Successful bid would boost Xi’s economic reform efforts International Monetary Fund representatives have given China strong signals that the yuan ... Read More
Chinese_markets

Stocks Fall on China Selloff as Yuan Weakens; Commodities Slump

27/11/2015(0)
Brokerages lead losses in Chinese shares on government probes Traders holding on to December Fed bets while ECB seen easing A selloff in Chinese stocks spread across Asia as ... Read More
Chinese-notes-RMB

China Has a $1.2 Trillion Ponzi Finance Problem

20/11/2015(0)
Some 45% of new debt will be used to pay interest: Hua Chuang `Ponzi’ finance was seen by Hyman Minsky as unsustainable Chinese borrowers are taking on record amounts ... Read More
Chinese-notes-RMB

China in net forex purchase in Oct, reverses 3 mths of heavy sales

16/11/2015(0)
China‘s central bank and commercial banks bought a net 12.9 billion yuan ($2.02 billion) worth of foreign exchange in October, data showed on Sunday, stemming heavy sales in the ... Read More
Swiss franc shock

China allows direct trade of yuan with Swiss franc

10/11/2015(0)
Move part of Beijing’s strategy to promote RMB as a global reserve currency alongside the dollar China‘s national foreign exchange market will introduce direct trading of the Swiss franc, ... Read More
Asian-stocks - man walking in the rain in front of live rates board

Asian Stocks Track S&P 500 Gains; Aussie Rises as RBA Stays Put

03/11/2015(0)
Stocks rise from Sydney to Seoul as holiday closes Tokyo S&P 500 topped 2,100, back to pre-yuan devaluation levels Asian stocks climbed after signs of stabilization in global manufacturing ... Read More
yuan_market

China raises central rate for yuan by largest amount in a decade

02/11/2015(0)
China raised the central parity rate of the yuan by 341 basis points to 6.3154 against the US dollar on Monday (2 November), the largest amount by far on ... Read More
cryptocurrency--bitcoin

Is China Turning To Bitcoin As Yuan Devalues?

19/10/2015(0)
China is seemingly buying up a lot of Bitcoin and alternative currencies like gold right now. The devaluation of their currency has been slashed over the course of the past month. The ... Read More
PBC China Central Bank 1

China’s Foreign Reserves Post Record Quarterly Drop on Yuan

07/10/2015(0)
Stockpile shrinks $180 billion as PBOC props up currency Decline in September less than expected, boosting yuan China’s foreign-exchange reserves fell by a record in the third quarter as ... Read More
Broker Cyprus TopFX