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Showing 121 - 130 of 294 results for "yuan"

China's winning

BENJAMIN ONG  |  TUESDAY, 12 AUG 2014
... rate." Must be why investors are heading back to China. The Shanghai Composite Index's up by 5.1% this year to date and the yuan's reversing its decline against the greenback -- it's currently trading at 6.1536 against the US dollar, up 1.7% from this ...

$US5b irregularities at China fund, banks

AFP  |  FRIDAY, 20 JUN 2014
... 2012. One of its subsidiaries sold stakes in a securities firm in 2011 at their original purchase price, losing 1.26 billion yuan ($A215 million) on their market value at the time, the NAO said in the statement. Another CIC subsidiary made unauthorised ...

Wagging the giant doggie

BENJAMIN ONG  |  TUESDAY, 17 JUN 2014
... small and rural banks (and increased the number of those banks that qualifies to the cut) and, as per Bloomberg, "China's new yuan loans and money supply topped estimates in May as the government supports economic growth..." All these measures haven't ...

Market Wrap AM

AAP  |  MONDAY, 26 MAY 2014
... China the benchmark Shanghai Composite Index rose 0.66 per cent, or 13.28 points, to 2,034.57 on turnover of 51.5 billion yuan ($A8.98 billion). The index added 0.40 per cent for the week. The Shenzhen Composite Index, which tracks stocks on China's ...

Beggars at war

BENJAMIN ONG  |  MONDAY, 12 MAY 2014
... can fight back. And the People's Bank of China (PBOC) is fighting back! It's intended to remove the one-way bet (up) on the yuan/US$ exchange it said, it's a move towards currency liberalisation it said -- when it doubled the yuan's trading band against ...

A$ rising on China slowing

BENJAMIN ONG  |  TUESDAY, 25 MAR 2014
... policy measures to stabilize growth..." Duh! Beijing might do more... but they've already begun. Beijing's depreciating the yuan - in the name of currency liberalisation - and China's State Council already announced plans to "accelerate preliminary work ...

Whatever works

BENJAMIN ONG  |  MONDAY, 24 MAR 2014
... a statement on its website dated 15 March 2014, the People's Bank of China (PBOC) announced that from it is doubling the yuan's trading band against the US dollar - "The yuan will, from today, be able to trade as much as 2 percent on either side of a ...

China's art of currency war

BENJAMIN ONG  |  TUESDAY, 18 MAR 2014
... government's move towards a market-determined exchange rate and the central bank's intent to curb one-way bets (appreciation) in the yuan. Except for those long yuan gamblers, heard anyone complained about the Chinese currency's depreciation yet? According ...

Maybe slowing, definitely distorted, more likely rebalancing

BENJAMIN ONG  |  TUESDAY, 11 MAR 2014
Ayy-yay-yay-yay-yay! Here we go again. Weak economic reports out of China have again put a question mark about its economy and by extension, the economy of the world. Oh sowee Virginia, I stand corrected... it wasn't a question mark, China's headed ...

No guarantee

BENJAMIN ONG  |  MONDAY, 10 MAR 2014
... What's changing though is the Peoples Bank of China's (PBOC) thinking - nay, it's all as planned. Recall how it took away free yuan lunches? When it allowed the yuan to fall sharply less than two weeks ago? Back then, I mused that, "The popular "raison ...