Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan retreated ...
Tags: Chinese currency, renminbi
The central parity rate of the Chinese currency renminbi, or the yuan, weakened another 160 basis points to 6.7258 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System (CFETS). It was the weakest level ...
Chinese yuan or renminbi (RMB) has been included into the basket of special drawing right (SDR) of the International Monetary Fund (IMF) since Oct 1, marking a milestone in the internationalization of the RMB. Here are seven things you need ...
Tags: SDR Inclusion, RMB
"The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...
Yi isn't a household name in cameras by any means, but its new M1 Micro Four Thirds shooter could be tempting to Leica buyers on a budget, or at least that's what the company is hoping. At around £255 (¥ 2199) for the version ...
Tags: Yi, M1 Micro Four Thirds
TDK Corporation and Toshiba Corporation have agreed to establish a joint venture, TDK Automotive Technologies Corporation, to develop and manufacture automotive inverters for hybrid vehicles, plug-in hybrids and electric vehicles. I. ...
Tags: TDK, Toshiba, joint venture
Mondelez International has bought the remaining 20% stake in Vietnamese food company Kinh Do’s snack unit for VND 2tn ($90m) as part of its expansion strategy in emerging markets. In November 2014, Mondelez had agreed to buy 80% of ...
Mitsubishi Motors said that it will book a $480m charge this fiscal year to compensate customers who are affected by its fuel economy manipulation scandal. Chairman Osamu Masuko said that the company will pay a compensation of ¥100000 ...
Tags: Mitsubishi Motors, eK Wagon
Semiconductor process equipment maker SAMCO Inc has held a completion ceremony for its second production center (a two-floor steel-framed building adjacent to the headquarters in Kyoto, Japan), which began construction in January and is ...
Tags: Semiconductor, PECVD, MOCVD
The yuan edged up against a basket of currencies in May despite hopes for a stronger US dollar, according to an index released by financial services provider China Foreign Exchange Trade System. The yuan exchange rate composite index, ...
Tags: basket of currencies, US dollar
Semiconductor process equipment maker SAMCO Inc of Kyoto, Japan is employing about 20 more people at its locations in North America, China, Taiwan and Singapore, as well as its subsidiary Samco-UCP in Liechtenstein, in order to better ...
Tags: Samco
When it comes to pricing and market expectations, 2015 was another tough competitive year for packaged LED vendors, with challenges in both backlighting and lighting, comments Jamie Fox (principal analyst for Lighting and LEDs at IHS ...
Tags: LED market, Packaged Led Maker, Samsung
Chinese companies are widely considered as the forerunner for the proposed high-speed railway project linking the Malaysian capital Kuala Lumpur and Singapore, a local media reported on Sunday. A series of recent investment by Chinese ...
Tags: High-Speed Rail, light rail
Nestle Vietnam has begun construction of a new nutrition manufacturing facility with an investment of $70m at the Thang Long Industrial Park II in Hung Yen province. The new plant, which is being constructed on a 10 hectare area, will ...
Tags: Nestle Vietnam, New nutrition manufacturing facility, Investment
China will create more schemes offering Renminbi (RMB) convertibility in free trade zones in 2016, an official with the State Administration of Foreign Exchange (SAFE) has said. Guo Song said authorities will make the moves, designed to ...
Tags: Capital Market, SDR basket