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Showing 261 - 270 of 294 results for "yuan"

Market Wrap - Morning

AAP  |  WEDNESDAY, 13 JAN 2010
... Shanghai Composite Index, which covers both A and B shares, was up 61.22 points at 3,273.97 on turnover of 173.9 billion yuan. WELLINGTON - The New Zealand sharemarket eased slightly on Tuesday, in keeping with a weak Australian market and reflecting ...

What China wants China gets

BENJAMIN ONG  |  FRIDAY, 23 OCT 2009
... 15.1 per cent in the first three quarters of 2009. The central government made sure of this when it announced the 4 trillion yuan (US$585 billion) fiscal stimulus package - along with other monetary policy easing measures - late last year. Invest, invest ...

Carpe Diem

BENJAMIN ONG  |  THURSDAY, 15 OCT 2009
... back? One more! The People's Bank of China also reported that new local-currency loans surged by 26 per cent to 516.7 billion yuan ($75.7 billion) in September from 410.4 billion yuan in the previous month. Sure this optimism could again go puff in the ...

Doom dollar

BENJAMIN ONG  |  TUESDAY, 13 OCT 2009
Just a day after this space commented on the risky proposition of holding US dollars, Bloomberg reports overnight that world central banks are diversifying out of the greenback. Data compiled by Bloomberg revealed that central banks have backed up their ...

The shrinking big dollar

BENJAMIN ONG  |  MONDAY, 12 OCT 2009
... France convened a secret meeting to develop a multi-year plan to dump the US currency and replace it with a basket of euro, yuan, yen and the Gulf Common Currency. The named countries immediately denied this. Besides, there is no Gulf Common Currency ...

Playing chicken with tyres

BENJAMIN ONG  |  TUESDAY, 15 SEP 2009
... escalate and threaten the fledgling recovery. US authorities are also allowing the US dollar to depreciate and the Chinese yuan is undervalued - both protect their domestic economies while making the rest of the world beggars. Great Depression II here ...

Greenback weakness not all good

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2009
... biting its tongue because it draws attention from its own undervalued currency. A weak dollar - and for that matter, a weak yuan - might be just what the doctor ordered. The "trickle down effect" would ensure that once growth is established in the US ...

No protection in protectionism

BENJAMIN ONG  |  FRIDAY, 19 JUN 2009
... 2009 growth forecast from 6.5 per cent to 7.2 per cent encouraged by its economy's quick response to the 4 trillion billion yuan fiscal stimulus. Yes Virginia, we've seen the worst. But this is not to say that the road ahead would be flat and smooth. ...

The good news in good news

BENJAMIN ONG  |  TUESDAY, 14 APR 2009
... right, 'restrain credit'! The speculation follows reports that new loans jumped sixfold from a year ago to 1.89 trillion yuan (US$384 billion). And liquidity? M2 money supply increased by 25.5 per cent over the year. This is what happens when the banks ...

Chinese medicine

BENJAMIN ONG  |  THURSDAY, 5 MAR 2009
... package when he addresses China's legislative body later today. Sell the fact. China's announcement of a massive 4 trillion yuan (US$585 billion) last year sparked the same optimism. Then it fizzled. Markets found reasons upon reasons why doom and gloom ...