It could soon get a lot harder for Russia to deal in Chinese yuan
Russian banks have nearly run out of their yuan stash, thanks to Chinese firms being more hesitant to do business with the ...
China’s march to strong yuan is long and perilous
Chinese President Xi Jinping wants a strong yuan, not a superpower currency. Rather than replacing the dominant U.S. dollar, ...
Xinhua5h
Rising Sino-African trade drives demand for Chinese yuan: experts
African governments and traders are increasingly turning to the Chinese yuan, or renminbi, to settle financial transactions ...
Chinese yuan hits strongest level against the dollar in over a year
China’s yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore ...
China Internet Information Center17h
Chinese yuan strengthens to 7.0101 against USD Friday
BEIJING, Sept. 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 253 pips to 7.0101 against the U.S. dollar Friday, according to the China Foreign ...
Impending expiry of U.S. sanctions licence threatens Russia's yuan liquidity
The impending expiry of a U.S. licence permitting transactions involving the pillars of Russia's financial infrastructure ...
Chinese stocks soar, posting best weekly gains since 2008 amid stimulus optimism
Chinese stocks rallied to their best week since 2008, spurred by stimulus measures and investor optimism. The CSI 300 Index ...
The Globe and Mail19h
Dollar Slides as Chinese Stimulus Boosts the Yuan
The dollar index (DXY00) Thursday fell by -0.41%. The dollar was under pressure after the Chinese yuan rose to a 16-month high against the dollar after the government boosted stimulus measures.
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The central bank is advising lenders ...