When many experts on Wall Street saw a free-floating Yuan as a distant prospect, Rani Jarkas, a world-renowned entrepreneur and a banking expert, has shown his early confidence in RMB. 206 more words
Tags » RMB
Today was a busy day for the JSE. Results were released from FirstRand, Glencore Xstrata, Steinhoff and yesterday by Ascendis.
Summary of Results: 262 more words
The Chinese renminbi reached new highs against the dollar several times in December and is projected to appreciate further in 2014. The worry is that foreign exchange arbitrage is driving up demand for the Chinese currency and this may cause large capital outflows in future. 2,099 more words
World shares were at a 6-year high on Tuesday following a record peak on Wall Street, while moves by China to stamp out easy betting on the… 143 more words
Jan 29, 2014: AWJ FB 04/14 USD/CNY Chinese Yuan Renminbi
Chinese Yuan Renminbi has gradullay appreciated wrt USD since the currency floated August 2005, 8.28 to current Jan 24, 2014 strongest level 6.0395, delta 2.2405 equivalent to 27.06% appreciation to USD. 49 more words