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YUAN ON GUARD
China can build humanoids at scale. The hard part is finding enough buyersChinese companies are pushing ahead with humanoid robot production. These robots can perform tasks like directing traffic and making coffee...- Chinese celebrity dog 'Chutou' with over a million followers kidnapped while owner was abroad, sold to meat restaurant and eatenA celebrity dog, Chutou, owned by a travel influencer in China, was allegedly stolen and slaughtered for meat. The incident highlights the ...
- Xi Jinping, Vladimir Putin to hold ‘tea diplomacy’ talks in Beijing after Donald Trump visitChinese President Xi Jinping and Russian President Vladimir Putin meet in Beijing today. The summit will cover bilateral and international ...
- The dollar is dead, long live the dollar!Wars have shaped the US dollar's global power. From financing conflicts to becoming the reserve currency, its reign was cemented by agreeme...
- Iran starts to formalize its chokehold on the Strait of Hormuz with a 'toll booth' regimeIran is controlling passage through the Strait of Hormuz, the world's vital oil route. Ships are being vetted by Iran's Revolutionary Guard...
- China leaves rates unchanged, weak yuan limits easingChina maintained its benchmark lending rates despite deflationary pressures and weak credit demand. Analysts predict further easing measure...
- China funds cut ETF fees, escalating price war in booming marketMajor Chinese fund companies slashed fees for equity exchange-traded funds (ETFs), aiming to attract investors and boost the burgeoning $40...
- Fed cuts may send $1 trillion FX ‘avalanche’ to China, Jen saysThe possibility of the Chinese yuan increasing in value is looking even more likely now that Federal Reserve Chairman Jerome Powell has sig...
- Dollar wobbles; yuan on guard ahead of China data dumpTraders also have their eye on a reading on UK inflation due later in the week, as the market focus remains on how soon major central banks...
- China's yuan pulls back from 2.5 year highs on Sino-US tensionsThe yuan took a breather after hitting its highest since June 2018 on Friday, but traders and analysts expected the currency's rally to con...
- As China's yuan becomes a Biden election play, PBOC pushes backThose efforts follow five straight months of yuan gains, driven by resilient exports and foreign capital inflows into China's cheap bonds a...
- China's yuan becomes a Biden election play, People's Bank of China pushes backThe PBOC's moves, which help exporters who suffer when the currency rises, have coincided with Biden's firming poll numbers and analysts' c...
- Leading banks still bullish on yuan despite policymakers' nudgeOver the weekend, the People's Bank of China (PBOC) scrapped a requirement for banks to hold a reserve of yuan forward contracts, removing ...
- Asian stocks creep higher on US stimulus hopesThe People's Bank of China has scrapped a requirement for banks to hold a reserve of yuan forward contracts, removing a guard against depre...
- Dollar ticks up on stalled stimulus talk; yuan falls after PBOC moveThe U.S. dollar index edged up to 93.104, bouncing back from Friday's near-three-week low of 92.997. The index saw its biggest loss in six ...
- Light PBOC touch makes once unlikely yuan at 7/$ seem possibleYuan has lost more than 2.5 per cent against the dollar since the festering China-US trade dispute.
- Yuan extends losses, market awaits China reaction to Trump's tariff threatsThe guidance rate unexpectedly came in much lower than market expectations.
- KFC to open its first restaurant in TibetKFC signed a contract with a shopping mall in downtown Lhasa, capital of the region, to open the first restaurant in Tibet by the end of Ja...
- China's debt mounts to $2.78 trn, 43% of GDPChina is also burdened with USD 2.78 trillion government debt causing great deal of concern among policy makers.
- China launches yuan trade settlement scheme with North KoreaA city in northeastern China has launched a trial programme allowing exporters to use the yuan to settle transactions with its isolated nei...
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