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Showing 101 - 110 of 294 results for "yuan"

Three for three

BENJAMIN ONG  |  FRIDAY, 14 AUG 2015
... the first one with a second one and a third. But financial markets, instead, stabilized. Here's the chart of the Chinese yuan/US dollar exchange rate that littered the financial presses carefully designed to scare the beejeesus out of you, I and Irene. ...

PBOC does an SNB

BENJAMIN ONG  |  THURSDAY, 13 AUG 2015
... afternoon for a grand total of 3.5% in two straight days. Still I say, "you call that a devaluation"? The 7.3% fall in the yuan/US$ exchange rate in September 1985, the 13.6% dive in June 1986, the 21.2% plunge in November 1989, the 9.6% decline in October ...

Too much ado about a speck

BENJAMIN ONG  |  WEDNESDAY, 12 AUG 2015
... fail, QE could become an imperative. This or direct intervention -- like it did back in March last year when it doubled the yuan/US$ trading band that reversed the currency's climb. Historical precedence also doesn't preclude China from devaluing its ...

ANALYSIS: The dragon in the room

LAURA MILLAN  |  MONDAY, 20 JUL 2015
... Emerging Markets Index and about 2% of the MSCI World Index. But the percentages could grow to 40% and 14% respectively when Yuan-denominated equities, or A-Shares, are included in the index - a move expected to happen later this year. However, Zhu believes ...

Chexit, Checcident and Chimbo

BENJAMIN ONG  |  WEDNESDAY, 8 JUL 2015
... of June; it's provided liquidity for margin lending; the securities regulator has halted 28 IPOs and created a 120 billion yuan market stabilisation fund; it asked (commanded) sovereign wealth to buy shares and not sell, among others. And if these still ...

Market Wrap AM

AAP  |  MONDAY, 11 MAY 2015
... tracks stocks on China's second exchange, surged 4.17 per cent, or 90.87 points, to 2,272.17 on turnover of 512.9 billion yuan. It gained 0.19 per cent for the week. WELLINGTON - The New Zealand sharemarket has closed slightly higher, as investors' appetite ...

Market Wrap AM

AAP  |  FRIDAY, 8 MAY 2015
... The benchmark Shanghai Composite Index tumbled 2.77 per cent, or 117.06 points, to 4,112.21 on turnover of 540.2 billion yuan ($A110.85 billion). The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 1.15 per cent, or 25.41 ...

China's trade trouble

BENJAMIN ONG  |  TUESDAY, 14 APR 2015
... show, exports to the US fell by 8% year-on-year in March, by 19% to the European Union and by 25% to Japan. And why? It's the yuan, that's why. It's pegged to the surging US dollar. Back in March last year, the PBOC doubled the trading band for which ...

Go south young (China) man

BENJAMIN ONG  |  FRIDAY, 10 APR 2015
... Hit Limit for First Time" "Net inflows of money from mainland China to Hong Kong reached the intraday limit of 10.5 billion yuan ($1.7 billion) at 2:10 p.m. local time Wednesday [8 March]. The tide of money from China sent the Hang Seng Index to a seven-year ...

PBOC to QE?

BENJAMIN ONG  |  THURSDAY, 12 MAR 2015
... preparing its own QE programme - prompted by the PBOC's recent approval allowing regional governments to swap around 1 trillion yuan (US$160 billion) of their higher interest rate borrowings for lower interest bonds. It gained greater traction (and amount) ...