Yuan devaluation impacting China diamond market
August 22, 2015
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Business

Yuan devaluation impacting China diamond market

The mismatch between their foreign currency liabilities and yuan-denominated revenues means interest expenses and principal…

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China Resumes Slide, Leading Asian Shares Lower
August 21, 2015
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Business

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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Chinese shares trade lower again after days of volatility
August 21, 2015
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Business

Chinese shares trade lower again after days of volatility

Most sectors in Hong Kong fell, with energy and consumer goods leading the declines. Hong…

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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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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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Asian shares edge lower as crude oil spirals down
August 17, 2015
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Business

Asian shares edge lower as crude oil spirals down

Thursday, the NZ dollar rose 0.19 percent against the yen and 0.64 percent against the…

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China fixes yuan stronger vs dollar, reversing falls
August 17, 2015
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Business

China fixes yuan stronger vs dollar, reversing falls

The daily reference rate was set at 6.3975 yuan to $1.0, up from 6.4010 the…

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China strengthens yuan rate against US dollar
August 17, 2015
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Business

China strengthens yuan rate against US dollar

The yuan’s drop has caused volatility in currency markets over the past few days.

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Chinese yuan fixed lower for third consecutive day
August 16, 2015
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Business

Chinese yuan fixed lower for third consecutive day

It’s the third cut in three days. The median forecast from seven strategists in Bloomberg…

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Dollar ticks up as China stops guiding yuan lower
August 16, 2015
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Business

Dollar ticks up as China stops guiding yuan lower

The Chinese central bank’s “opaque communications policy may well have led to panic over-selling earlier…

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