Tags » Yuan

China's yuan crosses 6.76 level, weakest for 6 years

(Source: www.businesstimes.com.sg)

China’s yuan dipped to a fresh six-year low against the US dollar on Friday, crossing the 6.76 level before paring losses as strong US dollar purchases by companies continued to pile pressure on the Chinese currency, traders said. 148 more words

Money Matters

Duterte Visit To China: Obama's Pivot Has Failed

Philippine President Rodrigo Duterte arrived in China to meet with Chinese Premier Xi Xinping. Duterte has become a very controversial figure in Asian politics as he has publicly excoriated U.S. 800 more words

SIIC to up stake in Longjiang Environmental Protection Group

(Source: www.businesstimes.com.sg)

SIIC Environment Holdings is looking to acquire a further 32.6562 per cent stake in Longjiang Environmental Protection Group for 836 million yuan (S$172 million). 67 more words

Money Matters

The Most Important Story You Didn't See This Week - YouTube


The yuan was officially added to the IMF’s SDR basket today, which may not be world-shattering in and of itself. But when combined with the revival of SDR-denominated bonds there can be no doubt that the central bankers are making their play for a global currency. 39 more words


Yuan Begins Post-SDR Run With Little Fanfare as China on Holiday

The yuan began its first trading day as a global reserve currency with little fanfare, barely moving in overseas markets as Chinese investors stayed away on a week-long holiday. 20 more words


589 million Chinese tourists will spend $72 billion in just seven days celebrating "Golden Week"

Nearly 600 million Chinese tourists will flock to local tourist spots or fly overseas during the country’s 67th National Day holiday, a seven-day break nicknamed “Golden Week.” Unexpectedly, the new hot destination is Morocco, the North African country. 507 more words

The Yuan Joins Elite Class Joining The International Monetary Fund

(This article is the courtesy of the Shanghai Daily News)

Yuan joins elite club of reserve currencies

Source: Agencies | October 3, 2016, Monday | PRINT EDITION… 529 more words

Truthful Articles For Your Thoughts