Tag: China

Growth data hit European stocks as oil drops to 6 year lows

The central bank put the yuan’s central parity rate at 6.4010 yuan for $US1, the…

China Resumes Slide, Leading Asian Shares Lower

August 21, 2015

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China Resumes Slide, Leading Asian Shares Lower

Shares in China and Hong Kong fell yesterday as the yuan eased against the dollar,…

China Must Wait to Join Exclusive Currency Club

August 21, 2015

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China Must Wait to Join Exclusive Currency Club

The rest of the world is watching.

Bangkok bomb: Suspect hunted as shrine reopens

August 21, 2015

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Bangkok bomb: Suspect hunted as shrine reopens

The suspect in the bombing that killed 20 people on Monday in Bangkok did “not…

Shanghai index cuts losses, other Asian markets lower

August 21, 2015

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Shanghai index cuts losses, other Asian markets lower

In Hong Kong, shares in flag carrier Cathay Pacific hit their lowest point since November…

Oil prices plunge as US inventories add unexpectedly

August 21, 2015

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Oil prices plunge as US inventories add unexpectedly

At one time, the price dropped as low as $40.46 a barrel on the New…

China and Greece concerns push down US stock market

August 21, 2015

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China and Greece concerns push down US stock market

South Africa’s rand. Peru’s nuevo sol.

August 21, 2015

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The IMF’s China Power Play

Beijing also seeks to have the yuan included in the IMF’s basket of special drawing…

IMF Board Sets Sept. 2016 as Earliest Yuan Can Join SDR Basket

August 21, 2015

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IMF Board Sets Sept. 2016 as Earliest Yuan Can Join SDR Basket

The fund’s executive board approved an extension of the current basket of reserve currencies including…

August 21, 2015

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European stocks settle lower

Precious metals miners bucked the trend, as gold hit a six-week high, prompting investors to…