China cuts yuan rate against US dollar for second day
China cut the value of the yuan against the dollar for a second consecutive day Wednesday, trimming the reference rate by 1.62 percent and sending a new shockwave through financial markets.
Aug 12, 2015, 09:22 AM IST
India's exports to be hit by yuan devaluation: FIEO
"The devaluation will affect India's exports not only to China but to other countries also with increasing competitiveness of Chinese exports.
Aug 12, 2015, 00:32 AM IST
China announces sharp fall in value of yuan currency
China`s central bank on Tuesday announced a sharply lower daily reference rate for the yuan against the US dollar, saying it was part of moves to make its exchange rate regime more market-oriented.
Aug 11, 2015, 10:11 AM IST
China to issue new 100-yuan bank note
The People`s Bank of China (PBOC) on Monday announced that it would issue a new 100-yuan bank note from November 12, a media report said.
Aug 10, 2015, 13:53 PM IST
China's RMB to become fourth most-used currency: Report
RMB is now the world's second trade-finance currency, fifth payment currency, and sixth foreign-exchange currency, said a report by Renmin University of China.
Jul 20, 2015, 15:46 PM IST
Japan banking giant to sell country's first yuan bond
One of Japan's biggest banks today said it would sell bonds denominated in China's yuan currency as frosty ties between the major trading partners show signs of thawing.
Jun 19, 2015, 00:19 AM IST
China's yuan set for first big loss since 2005
The People`s Bank of China (PBOC) fixed the official midpoint at 6.1190 per dollar, 0.06 percent higher than Tuesday`s 6.1224.
Dec 31, 2014, 11:31 AM IST
China's RMB swiftly developing as major world currency: Report
The RMB is currently the fifth-most widely used currency internationally.
Jul 21, 2014, 11:39 AM IST
