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CFETS
Global Market | China's an unlikely haven as oil roils marketsDespite soaring oil prices due to the war in Iran, China's markets have shown surprising resilience. Investments in renewables and electric...- China's yuan hits 5-month low, strong official fix limits lossesEarlier in the day, the central bank kept a key policy interest rate steady as widely expected when rolling over maturing medium-term loans...
- China to cut weighting of dollar, euro in CFETS yuan basket index in 2023Starting on Jan. 1, the China Foreign Exchange Trade System (CFETS), which is overseen by the central bank, will lower the U.S. dollar's we...
- China's yuan falls to 1-year low against major trading partnersThe CFETS index, a gauge that measures the yuan's strength against a basket of currencies, fell to 99.94 on Thursday, the lowest since Oct....
- Yuan rebounds from 1-week low, strength vs FX basket keeps gains in checkPrior to market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.4695 per dollar, 17 pips firmer than the previous fix...
- Global investors drive record inflows into Chinese bonds in JulyNet inflows into Chinese bonds through Bond Connect, which gives global investors access to the country’s onshore bond market through Hong ...
- China shares end flat; healthcare firms drag on accounting check worriesHealthcare index slumps 4.07% on plans of govt accounting checks
- Yuan inches up vs dollar, jumps to 8-mth high against basketThe index, published on a weekly and monthly basis, stood at 95.14 last Friday.
- Yuan weakens to near 4-week low but seen levelling out for nowThe Chinese currency weakened for a second straight week last week, losing 0.6 per cent of its value against the dollar.
- China dilutes dollar role in currency basketAdditions include the South Korean won, the South African rand, the United Arab Emirates' dirham, Saudi Arabia's riyal, Hungary's forint, P...
- China to launch yuan's direct trading with 7 more currenciesThe move will bring the number of foreign currencies that are allowed direct trading with the yuan to 23, state-run 'Xinhua' news agency re...
- Beware! Waves of contagion on the way for equities, currencies in AsiaA globally coordinated central bank response to a market meltdown is likely, such as liquidity support through forex swap arrangements and ...
- China says renminbi is stable, but in reality it’s notLi Keqiang, China’s premier, stated on Thursday that China’s currency, the renminbi, will remain stable, noting that there was no basis for...
- Expect US Federal Reserve to cut rates after one more hike: Jonathan Paul, Standard Chartered BankThe US Federal Reserve would cut interest rates this year, which in turn, could bring in more overseas investments into Indian markets, say...
- China lets RBI participate in inter-bank forex marketMarking "greater openness", China has allowed the Reserve Bank of India (RBI) and 5 other international financial institutions to participa...
- TCS successfully delivers trading solution for China projectTata Consultancy Services, today announced that its trading solution has helped the Reminbi currency platform for the Chinese inter-bank ma...
- China sets up money broker joint venture with Britain's ICAPChina has set up a money broker joint venture with ICAP, the world's largest inter-dealer broker headquartered in London, state media said ...
- TCS changes tack, looks at $50-100m dealsIndia's largest software company Tata Consultancy Services is negotiating about 5-10 IT services deals of $50-100 million each.
- TCS kicks offs China JV with multi-million dollar dealTata Consultancy Services has kicked off its joint venture with the Chinese government with a multi-million dollar contract to implement an...
- TCS opens joint venture in ChinaIndia's top IT company, Tata Consultancy Services (TCS) has launched a joint venture in China and announced securing a major contract with ...
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