Featured China plans to issue bonds to boost economy Nada Ali Jan 16, 2024 0 China is considering one trillion yuan ($139 billion) of new debt issuance under a special sovereign bond plan, as…
Featured Yuan falls against dollar after PBOC holds rate Nada Ali Jan 15, 2024 0 China’s yuan fell on Monday to a one-month low of 7.1813 per dollar after the People’s Bank of China (PBOC) left…
International News Argentina to pay its IMF debt with yuan due to dollar shortage Nada Ali Jul 3, 2023 0 For the first time, Argentina paid $2.7 billion to the International Monetary Fund (IMF) in a payment that came in…
Money China’s central bank alerts against yuan speculation Esraa Ibrahim Sep 29, 2022 0 The People’s Bank of China alerted on Wednesday against betting on the yuan, after its rapid drop against the U.S.…
News Dollar jumps, Yuan falls Esraa Ibrahim Aug 15, 2022 0 U.S. dollar jumped on Monday after a new batch of disappointing data from China bolstered global recession worries.
Tech/AI China’s new digital currency may encourage global use of yuan Amwal Al Ghad English Sep 14, 2019 0 China’s anticipated digital currency could encourage global use of the yuan, according to the chief executive of an…
Money HSBC Bank Egypt starts dealing in yuan Ahmed Ali Sep 5, 2019 0 HSBC Bank Egypt has started dealing in China’s yuan, or renminbi (RMB), for its corporate clients following an…
The Watch Yen climbs, yuan pares losses as China-U.S. tariffs kick in Amwal Al Ghad English Sep 2, 2019 0 Yen strengthened on Monday, thanks to bigger appetites for safe-haven assets as Washington and Beijing put…
Money China’s central bank could be trying to support yuan Amwal Al Ghad English Aug 27, 2019 0 China fixed the daily midpoint rate for the yuan at levels not seen for more than a decade on Tuesday as Beijing…
The Watch Yuan declines to 11-year low as investors flee trade war risk Amwal Al Ghad English Aug 26, 2019 0 China’s yuan hit an 11-year low in onshore trade and tumbled to a record low in offshore trade after a sharp…