China's currency, the yuan, hit its lowest value in almost eight years against the US dollar having declined for eight days in a row.
Following a volatile first week of the year, the Shanghai Composite closed two percent higher on Friday (January 8). Trading in China’s markets has
The IMF has accepted the Chinese yuan into the club of elite currencies. IMF set to put yuan in reserve currency basket https://t.co/h7quutjx6y
China is looking to have the yuan added to the IMF special basket of currencies to make to it more attractive to investors. China's yuan is joining
The Chinese yuan is set to be included in the IMF’s benchmark currency basket, according to reports. Sources say a draft report by International
China’s foreign currency reserves suffered their largest monthly fall on record in August. It’s the result of heavy intervention by the central bank
In this edition of Business Middle East, we analyse the turbulence engulfing global markets. Signs of an economic slowdown in China are stacking up
One week after the People’s Bank of China devalued the yuan Business Middle East focuses on reactions to the central bank’s latest action which was
Global oversupply, huge stockpiles and refinery shutdowns have led to plunging prices for US crude oil. It tumbled by 3 percent on Thursday and by
Britain’s top equity index the FTSE 100 ended flat as easing concerns over China’s economy helped to offset the impact of falling oil prices.
Another day and another chance for China’s central bank to lower the guiding rate for the yuan. It is the third consecutive time the bank has taken
China started devaluing its tightly controlled currency this week. Following the decision in the world’s second biggest economy, we focus on
China’s central bank has devalued the yuan to its lowest rate against the US dollar in almost three years and its biggest one-day drop since 1994
Despite a sluggish economy and a sliding stock market, Chinese officials recently met with the IMF to discuss the evaluation of the yuan becoming an international currency.
Recent data has shown that growth in China has slowed to its lowest rate in the almost 25 years. Despite the slowdown, China is still a steadily
China continues to develop special trade zones to lure foreign investment and as part of the process of liberalising and internationalising China’s
Growth in China’s services sectors rose in March thanks to a construction boom and firmer demand from improving economic conditions; that includes
A cloudy outlook for Suntech, one of the world’s leading solar panel makers. In the face of falling prices due to oversupply, the Chinese
The Chinese currency, the yuan, has been trading for the first time since the country’s central bank relaxed its foreign exchange rules. The
China’s leadership says it will introduce economic reforms and allow its currency to float to bolster growth. It came at the country’s annual
Britain is teaming up with Hong Kong to secure London a top spot as an offshore trading centre for the Chinese currency the yuan. The move is part