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YUAN STRENGTHENS
Global Market: Yuan climbs to strongest level since 2023 as Xi-Trump talks loomChina’s yuan climbed to a 3-1/2-year high against the dollar after the central bank set a stronger daily fixing for the 10th straight sessi...- China's RoboTechnik to launch $800 million Hong Kong listing on September 21RoboTechnik, which is listed in Shenzhen, makes equipment for photovoltaic cell manufacturing and assembly and testing systems for silicon ...
- Global Market: Yuan hits 4-year high as traders bet on further gainsChina’s yuan strengthened to four-year highs against the dollar, supported by strong exports, exporter dollar conversions and expectations ...
- China built a 134-km long canal digging through mountains for four years; it now cuts 560 kms to reach the seaChina has opened the Pinglu canal, a 134.2 km waterway built over four years at a cost of USD 10.75 billion, linking Nanning in Guangxi to ...
- Global Market: China broadens Yuan FX clearing in push for global currency useChina has expanded yuan foreign-exchange clearing to include the Singapore dollar, New Zealand dollar and Thai baht, as Beijing seeks to wi...
- Dollar near two-week high as oil surge lifts yields, Fed hike betsStrengthening towards a two-week high, the dollar gained ground as oil prices jumped and Treasury yields rose. With a significant rate hike...
- China urges more FX hedging to aid exportsChina's foreign exchange regulator is urging banks to implement currency hedging options for exporters. This strategy intends to protect bu...
- Global Market: China state insurers, banks to raise up to $54 billion to bolster capitalChina’s Ministry of Finance will inject up to $10.4 billion into five state-owned insurers as part of a broader plan to strengthen financia...
- BRICS Summit in New Delhi: The grand finale is India's moment to navigate a bigger, and more divided blocIndia hosts the BRICS summit, aiming to unify the expanded group. The enlarged bloc now includes major energy producers and consumers, fost...
- BRICS at 20: India faces test of balancing geopolitical divides with economic goalsIndia hosts the expanded BRICS Summit, facing geopolitical hurdles and strategic opportunities. Former diplomats emphasize the group's 20-y...
- Yen extends rally to new seven-month high; dollar subdued ahead of CPIThe Japanese yen achieved impressive seven-month highs against the U.S. dollar on Tuesday, driven by traders closing short positions in lig...
- Global Market: China insurer recapitalisation may ease capital constraints and support stock investmentsChina’s planned $53.6 billion recapitalisation of state-owned insurers and banks could ease solvency pressures and strengthen insurers’ cap...
- Global Market Today: Asian stocks open higher, oil rises after attacksAsian stock markets saw gains thanks to a rise in US technology stocks on Friday. Oil prices also increased following tanker attacks betwee...
- China to pump $54 billion into state banks, insurers in capital-boosting pushChina's finance ministry is injecting over fifty billion dollars into state-owned financial institutions. This coordinated push aims to str...
- Global Market: China’s IPO boom gains momentum as AI, robotics fuel investor appetiteChina’s IPO market is gaining momentum, fuelled by strong investor appetite for AI, robotics and advanced technology companies. Hong Kong a...
- Scott Bessent urges G20 to push China to curb exports, boost domestic demandUS Treasury Secretary Scott Bessent will urge G20 members to re-examine trade terms with China. He aims to shrink global imbalances and pre...
- China identifies countries of 261 foreigners missing in Himalayan mudslideA devastating mudslide on the Tibetan border has left 261 foreign nationals missing. Chinese officials reported 16 deaths in Tibet and 546 ...
- Techie dies in office toilet after clocking in, authorities reject work-related claimA Chinese authority’s refusal to recognise a techie’s death in a company toilet as work-related has prompted anger online. The 39-year-old ...
- Global Market: Alibaba shares slide after $10.2 billion share placement to fund AI expansionAlibaba shares fell as much as 10% after the company launched a $10.2 billion share placement to fund AI expansion. The discounted offering...
- China steps up fiscal support as growth weakens, domestic demand faltersChina is preparing new coordinated fiscal and financial measures for the second half of the year as economic growth weakens and domestic de...
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