China rules out further yuan devaluation
August 14, 2015
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Business

China rules out further yuan devaluation

After devaluing the yuan for a third day, the People’s Bank of China (PBOC) called…

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China raises yuan fix for 1st time since devaluation
August 14, 2015
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Business

China raises yuan fix for 1st time since devaluation

Bloomberg News reported Wednesday the central bank had intervened in the market to buy dollars…

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PBOC says cuts related to July’s rise in yuan loans
August 14, 2015
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Business

PBOC says cuts related to July’s rise in yuan loans

China has set the guiding rate for its yuan currency lower for a third consecutive…

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Asian Stocks Stabilize as China Yuan Turmoil Subsides
August 13, 2015
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Business

Asian Stocks Stabilize as China Yuan Turmoil Subsides

China is the world’s second-largest economy, but its exports have dropped and some interpreted the…

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China Devalues Yuan For Third Time In Three Days
August 13, 2015
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Sports

China Devalues Yuan For Third Time In Three Days

China’s currency extended its loss in value on Wednesday, a day after the central bank’s…

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China allows its currency to drop for a third day
August 13, 2015
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Business

China allows its currency to drop for a third day

Sources told Reuters that the move to devalue the yuan reflects a growing clamour within…

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Yuan fall fuels China-West currency war
August 13, 2015
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Business

Yuan fall fuels China-West currency war

But in a surprise announcement on Tuesday, the central bank cut its daily reference rate…

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Yuan falls to 4-year low in Wednesday trading
August 13, 2015
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Business

Yuan falls to 4-year low in Wednesday trading

PBoC’s Deputy Governor Yi also said there was “no basis for a persistent weakening in…

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China rushes to calm fears over plunging yuan
August 13, 2015
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Business

China rushes to calm fears over plunging yuan

“This action is both an endeavour to make the yuan more plausible, credible candidate to…

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International Monetary Fund Welcomes China’s New Yuan Mechanism, No Impact on SDR Push
August 13, 2015
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Business

International Monetary Fund Welcomes China’s New Yuan Mechanism, No Impact on SDR Push

But the rate will now be based on overnight global market developments and how the…

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