Search Results for: Chinese yuan
Dollar Gains as Yuan Fallout Continues for Emerging Assets
August 17th, 2015
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge of commodities to a 13-year low. The dollar was stronger ...
China’s Yuan Rate Rises for First Time Since Devaluation
August 14th, 2015
The yuan halted a three-day slide after China’s central bank raised its reference rate for the first time since Tuesday’s devaluation and said it will intervene to prevent excessive swings. The onshore spot rate was little changed at 6.4003 ...
China central bank tries to soothe global markets, says no basis for yuan to fall further
August 13th, 2015
China’s central bank said on Thursday that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week. As ...
Alibaba Growth Slows as Chinese Economy Weakens; Buyback Planned
August 12th, 2015
Alibaba Group Holding Ltd. quarterly sales rose at the slowest pace in at least three years and transaction volumes missed analyst estimates amid a weakening Chinese economy. Shares fell in pre-market trade. Revenue rose 28 percent to 20.2 billion ...
Yuan cut clobbers markets, rekindles fear of forex war
August 12th, 2015
China’s 2 percent devaluation of the yuan hit global equities and U.S. oil prices on Tuesday with investors fearing a new currency war as well as declining Chinese economic momentum. Wall Street ended lower as investors contemplated the implications ...
Asian markets down as yuan depreciates a further 1.6%
August 12th, 2015
Chinese shares were lower on Wednesday as its central bank again devalued the yuan, following Tuesday’s record cut. The People’s Bank of China fixed the daily guiding rate for the currency down 1.6% to 6.3306 against the dollar. The ...
PBOC sharply cuts yuan against US dollar after weak data
August 11th, 2015
The People’s Bank of China allowed the yuan to depreciate almost 2 percent against the U.S. dollar to levels last seen three years ago, sending a shock through currency markets. In a statement, the Chinese central bank said that ...
Bitcoin: The hottest game for Chinese gamblers
August 3rd, 2015
Bitcoin trading is the hottest game in China. The digital currency has been embraced by Chinese users who like to take a gamble: It’s all “about trading, about volatility, about making a profit — buy low, sell high,” said ...
Two Chinese Firms Seek Multibillion-Dollar IPOs
August 3rd, 2015
China Merchants Securities and China Reinsurance are pursuing Hong Kong listings Two Chinese financial firms are gearing up for multibillion-dollar initial public offerings in Hong Kong, even as China’s stock markets saw one of their steepest selloffs last month. ...
European Stocks, Chinese Stocks And Commodities Are All Crashing – Are U.S. Stocks Next?
July 8th, 2015
A global stock market crash has begun. European stocks are crashing, Chinese stocks are crashing, and commodities are crashing. And guess what? All of those things happened before U.S. stocks crashed in the fall of 2008 too. In so many ways, it seems like we ...
