Currency war fears ease; oil hits six-year low
August 18, 2015
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Currency war fears ease; oil hits six-year low

If it sets Friday’s mid-point below Thursday’s level, at 6.4010 to the dollar, it could…

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Yuan opens weaker, but stronger than central bank midpoint
August 18, 2015
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Business

Yuan opens weaker, but stronger than central bank midpoint

That has put the market focus back on a looming US rates increase. The complex…

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Many factors at play in the devaluation of yuan
August 18, 2015
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Business

Many factors at play in the devaluation of yuan

The central parity rate for Thursday was fixed at 6.4010, which was lower by 1.1…

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Gold struggles as US rate hike looms
August 18, 2015
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World

Gold struggles as US rate hike looms

Speaking of the surging U.S. dollar, prominent Canadian economist David Rosenberg recently noted that the…

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Rupee weakens 15 paise against dollar in early trade
August 18, 2015
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World

Rupee weakens 15 paise against dollar in early trade

Bears dominated the money market on Monday as the rupee tumbled with modest losses versus…

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Most Chinese Stocks Decline After Index Rises to Three-Week High
August 18, 2015
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Business

Most Chinese Stocks Decline After Index Rises to Three-Week High

China’s main stock index remained relatively resilient through the volatility that followed the yuan’s devaluation,…

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[Editorial] Devaluation of yuan
August 18, 2015
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Business

[Editorial] Devaluation of yuan

To express its commitment to the transformation of China’s economy, the Xi Jinping administration went…

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Yuan Halts Three-Day Slide as PBOC Reference Rate Strengthens
August 17, 2015
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Business

Yuan Halts Three-Day Slide as PBOC Reference Rate Strengthens

It finished the week at 6.3918 yuan per dollar, 0.1% stronger than the fixing of…

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China’s yuan posts biggest weekly loss on record
August 17, 2015
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Business

China’s yuan posts biggest weekly loss on record

China weakened its currency for the third consecutive day Thursday, but financial markets that had…

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S and P in praise of Chinese yuan devaluation
August 17, 2015
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Business

S and P in praise of Chinese yuan devaluation

But officials also said the yuan’s underpinning remains firm and that its value should strengthen,…

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