Posted by Reuters: Business News on July 22, 2010
BEIJING (Reuters) – China should let the yuan float within a wider range in a gradual process over the next five years, an official at a local branch of the central bank said in comments published on Thursday.
Posted by Reuters: Business News on July 13, 2010
BEIJING (Reuters) – China will fine companies up to 2 million yuan ($295,400) for sending misleading or fake information about price increases, according to a new draft regulation by China’s economic planning agency.
Posted by Reuters: Business News on July 6, 2010
HONG KONG (Reuters) – Agricultural Bank of China priced its Shanghai initial public offering at 2.68 yuan (40 cents) per share, the top of an indicated range, sources said on Tuesday, which combined with its Hong Kong offering and its greenshoe option is set to be the largest IPO ever.
Posted by Reuters: Business News on July 4, 2010
BEIJING (Reuters) – Only China’s yuan could rank with the dollar and euro as pillars of the global monetary system, given time and five key tests, Hong Kong’s former Monetary Authority chief Joseph Yam was quoted as saying.
Posted by Reuters: Business News on June 27, 2010
TORONTO (Reuters) – World leaders looked set to ditch plans to welcome Beijing’s shift toward greater exchange rate flexibility at a G20 summit on Sunday, financial policy sources said, highlighting China’s sensitivity over the issue.
Posted by Reuters: Business News on June 24, 2010
WASHINGTON (Reuters) – Senators said on Wednesday they were unmoved by China’s steps to partly free the yuan and vowed to push forward legislation to punish a Chinese currency misalignment they say distorts trade and steals jobs.
Posted by Reuters: Business News on June 23, 2010
SHANGHAI (Reuters) – China’s yuan inched higher on Wednesday, settling down after the biggest swings since 2005 and driving home the message that Beijing’s promise of currency flexibility will not produce the rapid gains its trading partners would like.
Posted by Reuters: Business News on
LONDON (Reuters) – European and Asian stocks fell on Wednesday as poor U.S. home sales added to fears about the global economic recovery and optimism over China’s new flexible yuan policy faded.
Posted by Reuters: Business News on
SINGAPORE (Reuters) – Asian stocks slid on Wednesday and European markets were expected to follow suit as poor U.S. home sales added to fears about the global economic recovery and optimism over China’s new flexible yuan policy faded.
Posted by Reuters: Business News on
SINGAPORE (Reuters) – Asian stocks slid on Wednesday as an unexpected fall in U.S. home sales added to worries about the fragility of the global economic recovery and optimism over China’s promise to make the yuan more flexible faded further.
