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Obama asks Hu to keep promises on yuan18-NOV-09
President Barack Obama called on Chinese counterpart Hu Jintao to make good on a commitment to allow the yuan to appreciate to help prevent trade imbalances that exacerbated the global economic crisis.
IMF chief again says Chinese yuan should rise16-NOV-09
International Monetary Fund (IMF) chief Dominique Strauss-Kahn today reiterated that a stronger yuan would help bolster China's economy, amid mounting pressure on Beijing to let the currency rise.
Apparel makers eye China for low cost fabrics27-OCT-09
The Chinese Yuan seemingly pegged to the falling US dollar, it is helping Indian apparel companies find inputs for the products at bargain prices.
'I would like to build an ownership culture'15-JUL-09
Returning to his role as the chief executive officer (CEO) of global PC manufacturer Lenovo after four years, Yang Yuanqing says “one can never miss this market (India)”. The personal computer (PC) maker, which currently ranks fifth in India, is planning to replicate its China success here.
Yuan deposes Dollar on China border in sign of future09-JUL-09
Huang Xinyuan, who sells mining equipment and pesticides to customers across China’s border with Vietnam, says he no longer wants payment in US dollars and prefers the yuan.
China allows Yuan trade settlement, offers sops03-JUL-09
China’s central bank allowed companies to undertake settlement of cross-border trade in the yuan and promised tax breaks, seeking to reduce the reliance of importers and exporters on the US dollar.
Paying for the stimulus24-FEB-09
After the tough talk by Treasury Secretary Tim Geithner, asking China to raise the yuan’s exchange rate, Secretary of Sate Hillary Clinton has sung a different tune during her visit to Beijing last week.
China's central bank sees 520 bn yuan in Q4 loans12-NOV-08
Chinese banks are expected to hand out more than $76 bn in new loans in the fourth quarter, according to central bank figures reported by state media today.
Olympic-related closures hit Chinese economy17-AUG-08
China’s growth is cooling and may spur the government to ease lending restrictions, provide more export-tax rebates and stall yuan appreciation, analysts said after economic reports this
High inflation lifts yuan to 3-yr high11-MAR-08
The yuan rose to the highest since a dollar link ended in July 2005 as a government report showed producer prices climbed at the fastest pace in three years.
Yuan up on move to curb inflation28-FEB-08
The yuan rose, snapping a three-day loss, as the dollar fell and on speculation China will accelerate the pace of its currencys appreciation to cool inflation. Bonds rose.
Yuan flat, yen snaps decline22-FEB-08
The yen rose against the dollar, reversing a decline, and pared losses against the euro. The yen advanced to 108.03 per dollar by 8:47 a.m. in London, from 108.12 yesterday in New York. It was also at
Yuan gains, rupiah at 3-month high19-FEB-08
Chinas yuan led gains among Asian currencies on increased pressure for the government to widen the band in which the currency is allowed to trade.
Yen rises as stocks fall; yuan drops14-FEB-08
The yen rose against all but two of the 16 most-active currencies as stock markets in Europe fell, prompting investors to reduce so-called carry trades.
Yen falls on carry trades, while yuan gains01-FEB-08
The yen fell against 11 of the 16 most-active currencies as a rally in Asian stocks encouraged investors to buy higher-yielding assets with loans made in Japan.
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