Posted by Reuters: Business News on January 2, 2012
SINGAPORE (Reuters) – The roller-coaster ride for Asian currencies, which saw only the yen and yuan post significant gains for the year against the U.S. dollar, is set to continue in 2012.
Posted by Reuters: Business News on January 1, 2012
BEIJING (Reuters) – China’s central bank governor argued in comments published on Saturday that Beijing does not control the yuan’s flow across borders as tightly as some think and that it is natural for the currency’s trading band to be widened over time.
Posted by Reuters: Business News on December 26, 2011
SHANGHAI (Reuters) – The yuan closed up against the dollar on Monday after hitting an all-time high in intraday trading, guided by a stronger mid-point by the People’s Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said.
Posted by Reuters: Business News on
SHANGHAI (Reuters) – The yuan hit an all-time trading high against the dollar on Monday, guided by a stronger mid-point by the People’s Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said.
Posted by Reuters: Business News on November 19, 2011
SHANGHAI (Reuters) – China will make the yuan more flexible in either direction and recent reforms to make the currency more market-oriented have begun to achieve some results, Premier Wen Jiabao said on Saturday.
Posted by Reuters: Business News on November 11, 2011
BEIJING (Reuters) – Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of “selective” policy easing by the government to keep the world’s second-largest economy on an even keel.
Posted by Reuters: Business News on October 30, 2011
BEIJING (Reuters) – The head of Europe’s rescue fund sought to entice China on Saturday to invest in the facility by saying investors may be protected against a fifth of initial losses and that bonds could eventually be sold in yuan if Beijing desires.
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Posted by Reuters: Business News on October 12, 2011
BEIJING (Reuters) – China’s trade surplus narrowed in September for a second straight month as growth of exports and imports both pulled back, reflecting global economic weakness and domestic cooling, and giving Beijing ammunition to resist U.S. pressure to allow the yuan to rise more quickly.
Posted by Reuters: Business News on September 9, 2011
BEIJING (Reuters) – China’s central bank has withdrawn at least 20 billion yuan ($3 billion) from some state-owned lenders via designated central bank bills, banking sources told Reuters on Friday.
Posted by Reuters: Business News on August 26, 2011
BEIJING (Reuters) – China will invest about 1.27 trillion yuan ($199 billion) to build subways and light rail lines during the current five-year plan ending in 2015 to ease traffic congestion and spur urban development, the official China Securities Journal reported on Friday.
