Search Results for: Central bank of China
China’s yuan plunges again. Is a currency war coming?
July 20th, 2018
The yuan weakened almost 1% against the US dollar on Thursday to hit its lowest level in a year. It has now fallen by nearly 8% over the past three months amid a global trade spat and concerns over ...
Is China part Of the “Emerging Market Crisis”?
June 29th, 2018
Being huge, consequential and technologically advanced, China isn’t normally lumped into the “emerging” category with Brazil and Argentina. To most observers they’ve already left the kids table and are now seated with the developed-world adults. But that might be ...
Oil prices fell; Oil traders are closely watching a threat by China
June 19th, 2018
Oil prices fell nearly one percent on Tuesday as an escalating trade dispute between the United States and China triggered sharp selloffs in many global markets. Crude was also weighed down by expectations that producer cartel OPEC and key ...
Blockchain Comp. Co-Founder: China will let solely Cryptoyuan into country
April 23rd, 2018
On the sidelines of the economic forum in Yalta, Russia, Sputnik has talked to Huan Zhang, co-founder of DAEX Blockchain Group Limited, about the current cryptomarket developments in China as well as the prospects of joining forces with Russia ...
Russia and China could set international gold price based on physical gold trading
December 4th, 2017
Since Russia, China, India, Brazil & South Africa are all either large producers or consumers of gold, or both, it is highly likely that the BRICS bloc they constitute could focus its cross-border gold trading network on trading physical ...
US bank CEOs are likely ‘very afraid’ of bitcoin, says wealth advisor
September 21st, 2017
CEOs of U.S. banks are likely “very afraid” of bitcoin, according to a wealth advisor. Some financiers have said the cryptocurrency is an unwise investment because of its volatility or supposedly weak store of value, but bank chiefs have ...
China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades
September 11th, 2017
China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week. The ban will only apply to trading ...
China is starting to roll back measures meant to prop up its currency
September 11th, 2017
China is starting to roll back measures meant to prop up its currency after a recent surge in the yuan erased all of last year’s losses. Starting today, the central bank has scrapped a reserve requirement rule on trades ...
Asia Stocks Slip as China Rally Fades; Pound Drops: Markets Wrap
May 31st, 2017
Shanghai shares pare gains sparked by manufacturing report U.K. currency slides as poll shows Tories may miss majority Most Asian stocks fell as better-than-expected Chinese factory data wasn’t enough to sway investors concerned over interest rate policies and European ...
China’s Stocks Drop With Aussie on Moody’s Cut
May 24th, 2017
Moody’s lowers China rating on outlook for financial strength Equities in Japan, Australia and South Korea all higher China’s stocks declined after Moody’s Investors Service cut its rating on the country’s debt, saying the outlook for its financial strength ...
