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Yuan

Saudi Arabia may seek funding in Chinese yuan

JEDDAH: Saudi Arabia is willing to consider funding itself partly in Chinese yuan, a senior Saudi official said on Thursday, raising the possibility of closer financial ties between the two countries. The Saudi government has started…

US again clears China of currency manipulation

WASHINGTON: The US Treasury on Friday cleared China of keeping the yuan cheap for trade advantages, amid accusations by Republican presidential candidate Donald Trump that it manipulates the currency. In a semi-annual review mandated by…

Chinese yuan set to join IMF’s elite currency basket

WASHINGTON: China's yuan is poised to enter the International Monetary Fund's elite SDR basket of currencies, elevating Beijing's banknotes into a family long exclusive to global reserve assets. A symbolic coup for policymakers in Beijing,…