Tag: yuan
The yuan hits its lowest level against the dollar
EXCHANGES-The yuan hits its lowest level against the dollar | Photo credits: Pixabay LONDON, Oct 19 (Reuters) – The offshore Chinese yuan fell to its lowest level against the dollar…
China is dipping into its bag of yuan tricks to resist the dollar steamroller.
Chinese authorities have deployed a proven series of maneuvers in recent weeks to slow the yuan’s slide, showing relative success against other beleaguered currencies, but analysts say they are struggling…
China to start paying for Russian gas in rubles and yuan: Gazprom
Published on 09/06/2022 at 3:51 p.m. Sept 6 (Reuters) – Russian gas giant Gazprom said on Tuesday it had signed an agreement to…
China to start paying for Russian gas in rubles and yuan, says Gazprom
Published on 09/06/2022 at 4:57 p.m. Photo credit © Reuters (Reuters) –…
Russian bank VTB launches Chinese yuan transfers bypassing SWIFT
Demand for the yuan in Russia has increased since February 24, when Russia sent tens of thousands of troops to Ukraine and the West imposed sanctions on Moscow, limiting its…
China reduces banks’ foreign exchange reserves in support of the yuan
China reduces banks’ foreign exchange reserves in support of the yuan | Photo credit: Shutterstock SHANGHAI, Sept 5 (Reuters) – China’s central bank on Monday announced a reduction in the…
In the first half of the year, Chinese exports denominated in yuan increased by 13.2% year on year, imports by 4.8%.
China’s yuan-denominated exports in the first half of this year were up 13.2 percent from a year earlier, while imports were…
China’s central bank improves currency exchange with HKMA, expands size to 800 billion yuan
The agreement was signed by the People’s Bank of China (PBOC) and the Hong Kong Monetary Authority. This is the PBOC’s first permanent swap agreement, according to a statement posted…
China mulls extending onshore yuan trading hours – sces
China mulls extending onshore yuan trading hours – sces | Photo credit: Shutterstock BEIJING, June 27 (Reuters) – China is considering extending yuan trading hours in the onshore market, four…
The digital yuan soon banned from the App Store and the Play Store?
The emergence of the digital yuan, China’s digital currency, is not to everyone’s liking. In the context of the current rivalry between China and the United States, American senators, members…
US bill would ban Google and Apple from hosting apps that accept China’s digital yuan
The bill to be unveiled Thursday by Senators Tom Cotton, Marco Rubio and Mike Braun states that companies that own or control app stores “shall not offer or support any…
Chinese developer debt worsens as sales and yuan weaken
Chinese promoter Zhongliang Holdings is scrambling to get bondholders’ approval to extend repayment of bonds worth $729 million ahead of a key chance next week, joining its peers who are…