Yuan

China’s yuan hit a 16-month high against US Dollar

NEW YORK: China's yuan (CNY) hit a 16-month high against the US Dollar (USD) on… Read More

Cash is leaving China again

A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show… Read More

China’s Yuan ousts dollar to become most traded currency

The Moscow Exchange trading volume in Chinese yuan surpassed that of the US Dollar (USD)… Read More

What is Hong Kong’s new dual HKD/RMB share counter?

The Hong Kong stock exchange will start offering yuan-denominated Chinese stocks from Monday in what… Read More

China takes next step in currency globalization

China's gradual internationalisation of its currency will shift to its next leg on Monday when… Read More

Iraq to allow trade with China in yuan

Iraq's central bank said on Wednesday it planned to allow trade from China to be… Read More

Russia, China agree to use rouble, yuan for gas payments

State energy giants Gazprom and China National Petroleum Corporation (CNPC) signed several agreements on Tuesday,… Read More

Explainer: Why China’s inclusion in global bond benchmarks matters

The milestone inclusion is expected to draw billions of foreign dollars into China’s $13 trillion… Read More

US wants pledge for stable Chinese yuan as talks resume: report

The US request for a pledge to keep the yuan’s value stable was aimed at… Read More

Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua

BEIJING: Bank of China’s New York branch will enable Chinese firms to receive payment in… Read More

Asian markets extend gains as trade hopes persist

HONG KONG: Optimism that China and the United States will eventually resolve their trade conflict… Read More

Saudi Arabia may seek funding in Chinese yuan

JEDDAH: Saudi Arabia is willing to consider funding itself partly in Chinese yuan, a senior… Read More

US again clears China of currency manipulation

WASHINGTON: The US Treasury on Friday cleared China of keeping the yuan cheap for trade… Read More

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… Read More

China central bank: speculators should not dominate sentiment

BEIJING: Speculators should not be allowed to dominate market sentiment regarding China's foreign exchange reserves… Read More

Oil plunges below $29 on prospects of more Iran crude, China worries

NEW YORK: Oil prices crashed 6 percent on Friday to close below $30 a barrel… Read More

China lets yuan fall faster, share trading suspended as prices tumble

China allowed the biggest fall in the yuan in five months on Thursday, pressuring regional… Read More

Global stock selloff on seven-year oil lows

WASHINGTON: The relentless fall of global oil prices spurred another sharp drop in global share… Read More

China busts biggest ever ‘underground bank’: police

SHANGHAI: Chinese authorities have uncovered an "underground bank" which illegally transferred money overseas in a… Read More

China official blames Fed for global market rout, not yuan

BEIJING: Concerns over a possible U.S. rate rise by the Federal Reserve may have sparked… Read More