Search Results for 'Chinese'

Asian Currencies Drop on Greek Referendum, Chinese Slowdown

Asian currencies dropped, led by South Korea’s won, as concern Greece’s planned referendum on the European Union’s rescue plan will worsen the debt crisis damped demand for emerging-market assets. The won fell the mos [...]

Posted On : Nov, 02 2011 | Comments : 0

Don't politicize Chinese currency

The battle over a U.S. Senate bill to admonish China for alleged currency manipulation has several lawmakers pushing for a vote next week on the measure that they say will strengthen trade and increase jobs. The bill would require the [...]

Posted On : Oct, 03 2011 | Comments : 0

Chinese currency goes global

As at the end of April the total amount held in renminbi deposits at Hong Kong banks had reached Rmb510bn ($78.7bn). This increase from Rmb90bn at the beginning of July last year has been driven by liberalisation measures announced last y [...]

Posted On : Jun, 06 2011 | Comments : 0

Baby steps toward a free-trading Chinese currency

Will the renminbi be sold at a bank near you? Perhaps not immediately, but a push to open up overseas trading of China's notoriously restricted currency does seem to be underway. In a late-April move that drew significant attention, S [...]

Posted On : May, 11 2011 | Comments : 0

Chinese Premier Rejects Faster Currency Rise

China's premier on Monday ruled out allowing a faster rise in the value of its tightly controlled currency to fight surging inflation, citing the danger of possible job losses and the impact on Chinese businesses. At a news conf [...]

Posted On : Mar, 14 2011 | Comments : 0

The Chinese Currency Weakens

The renminbi weakened today after the House Ways and Means Committee completed its two days of hearings on China’s currency policy. The yuan, as the renminbi is informally known, had strengthened slightly in the days le [...]

Posted On : Sep, 19 2010 | Comments : 0

Australian, New Zealand Dollars Fall as Chinese Stocks Decli...

The Australian and New Zealand dollars fell against the yen as Chinese stocks slid for the second day this week, damping demand for higher-yielding assets. The Australian dollar weakened versus the U.S. currency, after earlier climbing abov [...]

Posted On : Aug, 19 2009 | Comments : 0

Four Chinese imprisoned over fake currency

Four men have been sentenced to jail terms of up to 12 years in two separate cases over producing or spending fake Chinese currency. Li Jiahao, 45, a native of Guangdong Province in southern China, was convicted of initiating and in [...]

Posted On : Jan, 20 2009 | Comments : 0

Chinese currency hits news high against U.S. dollar

China's currency, the yuan, hit a new high against the U.S. dollar on Monday, smashing the 7.26 mark to reach a central parity rate of 7.2566 yuan to one dollar. The yuan, also known as the Renminbi, went up 106 ba [...]

Posted On : Jan, 14 2008 | Comments : 0

Paulson, Chinese officials meet amid trade, currency tension...

U.S. Treasury Secretary Henry Paulson met with Chinese officials on Tuesday for talks on trade, currency and other disputes amid pressure from American critics for Beijing to take faster action over its swollen trade surplus.Paulson had lun [...]