Alibaba to exceed planned AI spending and says margin is secondaryAlibaba plans to spend more than its projected 380 billion yuan on Artificial Intelligence over three years. The company reported quarterly...
13 May, 2026, 07.26 PM IST
US CEOs seek China business gains from Trump-Xi summitAmerican business leaders are heading to China for a summit with President Xi Jinping. They aim to resolve ongoing business challenges and ...
12 May, 2026, 03.26 PM IST
Chinese firm shuts Gwadar plant in Pakistan, lays off workers amid lossesA Chinese firm has ceased operations in Gwadar citing business difficulties. This development raises concerns ahead of Prime Minister Shehb...
03 May, 2026, 07.18 AM IST
Thomas Cook India adds 16 currencies to its prepaid forex cardsThomas Cook India has increased its prepaid Forex Card offerings to 28 global currencies. This expansion caters to growing travel demand to...
30 Apr, 2026, 05.51 PM IST
West Asia War: US' new sanction on a mega Chinese refiner can shake the world’s supply chains — and it’s bigger than oilWest Asia War: United States sanctions on China's Hengli Petrochemical create new worries in West Asia. The move targets a major Chinese re...
27 Apr, 2026, 09.34 PM IST
Yuan to top Yen in currency options trading: LCHThe yuan is poised to surpass the yen as the second-most traded currency against the dollar in foreign-exchange options, according to LCH. ...
24 Apr, 2026, 06.04 AM IST
Alibaba aims to raise $5 billion in dual currency bond deal, sources sayAlibaba Group, the Chinese e-commerce giant, is looking to raise $5 billion through a multi-tranche bond offering. The offering will includ...
18 Nov, 2024, 07.30 AM IST
India pushes back against Russia demands to pay for oil in yuanSome Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and a...
20 Oct, 2023, 08.45 AM IST
China displays urgency to internationalise YuanChina's efforts to internationalize the Yuan are facing challenges due to lack of trust and confidence in the currency. While Beijing's loa...
29 Apr, 2023, 09.53 AM IST
Pakistan central bank allows yuan-based trade with ChinaThe adoption means that Pakistan and China would be able to replace the US dollar for transactions in CPEC projects.
03 Jan, 2018, 02.16 PM IST
China’s ‘global’ currency is going local nowFor Chinese policymakers, the alternative is unthinkable. They’d have to allow the yuan to weaken significantly and probably abandon its un...
22 Jun, 2016, 05.28 AM IST
China launches international payment system to globalise yuanIt will enhance efficiency and increase global use of the Chinese currency, said Fan Yifei, vice president of the central bank, the People'...
08 Oct, 2015, 11.35 AM IST
China eases restrictions on branch openings and yuan transactions by foreign banksChina will drop from Jan 1 the requirement that a foreign bank's parent transfer a specific level of operating funds to any new Chinese bra...
22 Dec, 2014, 04.55 AM IST
Shanghai’s move to trade Yuan may hit Hong KongPlans to adopt a convertible yuan in Shanghai’s new free-trade zone are posing the biggest challenge yet to Hong Kong’s role.
25 Sep, 2013, 04.13 AM IST
- China to set up new international payment system for yuan
China is likely to put in place an international system of payments to facilitate cross-border yuan transactions which have risen to new hi...
12 Apr, 2012, 05.44 PM IST
- China to remove barriers to trade in Yuan
But at the same time the Chinese government does not have any predetermined goal for the currency's international position, he added.
29 Jan, 2011, 12.51 PM IST
- Rupee-yuan trade platform sans dollar-peg sought
Bankers are suggesting a simpler and less expensive mechanism that would bypass the dollar and allow trade payments in local currencies.
14 Oct, 2010, 06.20 AM IST