International Monetary Fund Will Not Include Yuan in Reserve Currency Basket Until October 2016
August 22, 2015
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International Monetary Fund Will Not Include Yuan in Reserve Currency Basket Until October 2016

Global markets spun into turmoil, even though the yuan stabilized. China strictly controls its currency…

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People’s Bank of China (PBOC) sets yuan reference rate at 6.3915
August 21, 2015
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People’s Bank of China (PBOC) sets yuan reference rate at 6.3915

The People’s Bank of China (PBOC), the central bank, pumped 120 billion yuan (18 billion…

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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,…

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Nikkei hits 3-week low on China concerns, weak Wall Street; SoftBank soars
August 21, 2015
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Nikkei hits 3-week low on China concerns, weak Wall Street; SoftBank soars

A pedestrian wearing a mask walks past an electronic board showing Japan’s Nikkei average (top)…

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Eurozone economy sluggish in second quarter
August 21, 2015
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Eurozone economy sluggish in second quarter

That was below forecasts of a 0.2 per cent rise and marked a sharp slowdown…

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International Monetary Fund decides to extend current SDR currency basket until September 2016
August 20, 2015
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International Monetary Fund decides to extend current SDR currency basket until September 2016

Chinese central bank warns of continuing changes
August 20, 2015
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Chinese central bank warns of continuing changes

Worries about the situation in China also weighed on the markets following a sell-off by…

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Asian stocks recover from two-day decline after China devaluation move
August 20, 2015
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Asian stocks recover from two-day decline after China devaluation move

China’s central bank said on Thursday that its currency would remain strong in the long…

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European Shares Struggle Following Turmoil in Chinese Markets
August 19, 2015
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Business

European Shares Struggle Following Turmoil in Chinese Markets

It’s an interesting week in the currency markets, especially for China’s renminbi, which fell in…

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China Devalues the Yuan for a Second Consecutive Day
August 18, 2015
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Business

China Devalues the Yuan for a Second Consecutive Day

“The late rout in Chinese stocks appears to have knocked sentiment in Europe this morning”.

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