Deal or no deal, the US Congress' dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on Capitol Hill. The 11th-hour ...
Tags: Dollar Drama, Economy
The central parity rate of renminbi against the US dollar hit 6.1412 on October 15. The exchange rate of renminbi against the US dollar closed at 6.1027 in the spot exchange rate inquiry system on October 15 and 6.1082 on October 14, a ...
Chinese solar cell and module maker Suntech Power Holdings Co., Ltd. (NYSE: STP) saw 37 solar power stations invested by a subsidiary namely Global Solar Fund S.C.A. SICAR (GSF) in Italy be sealed up recently. The New York-listed firm ...
Tags: Metallurgy, Mineral, Energy
Shenzhen City completed cross-border trade settled in renminbi of CNY 518.303 billion by August 31, 2013. The Shenzhen branch of Bank of China continued to maintain a leader by completing cross-border trade settled in renminbi of CNY ...
Tags: trade economy, economy
The weighted average interest rate of the inter-bank lending market was 3.54% this July, down 3.04 percentage points over a month earlier and up .76 percentage points over the same period of the previous year. The weighted average ...
Tags: bank, economy, inter-bank lending
A BIG upswing is expected in coming years in the number of Australian businesses transacting with China in yuan, according to a survey by HSBC. While only 7 per cent of Australian companies have conducted cross-border yuan transactions -- ...
Tags: businesses transacting, economy
MasterCard didn't make a peep earlier this month when word leaked that Beijing had halted the company's transactions in renminbi. Leaked documents didn't show when the payments were terminated, but the central bank effectively stopped the ...
Tags: MasterCard, Foreign Firms, Credit Cards
China edged its way toward a credit crunch last week, spooking investors, businesses, analysts – and perhaps more than anyone – the banks themselves. Liquidity in the country's money market appeared to suddenly dry up after a ...
Tags: Risky Economy, credit crunch
China once again leads the A.T. Kearney Retail Apparel Index. The Apparel Index also includes a number of countries from Latin America and the Middle East showing that these regions continue to offer compelling opportunities. The Retail ...
Uni-President China on June 6 announced its CNY 1 billion renminbi-denominated notes to expire in 2016 and with annual interest rate of 3.5% will become tradable tomorrow. The Joint Global Coordinators are ANZ and DBS, which worked ...
China's financial center Shanghai is expected to be approved to open a free trade zone in July at earliest to test free dialogue of renminbi and cross-border capital flow, said sources. The Shanghai free trade zone project includes the ...
Tags: Free Trade Zone, economy
Standard Chartered Bank (Hong Kong) announced the completion of the first interest rate swap contract priced based on the renminbi-denominated Hong Kong interbank offered rate for a Hong Kong corporate client. The 12-month interest rate ...
Tags: economy
China saw renminbi loans jump CNY 792.9 bn in April, CNY 111.1 bn more from a year ago, according to monthly financial data released by the country's central bank today. Foreign currency loans added CNY 84.7 bn in the month, CNY 75.1 bn ...
Chinese solar cell and module maker Suntech Power Holdings Co., Ltd. (NYSE: STP) owed nine banks a total of CNY 7.1 billion. It released financial forecasts for the fourth quarter of 2012 on May 2 and according to the forecasts, the ...
Tags: Service, Metallurgy, Mineral, Energy, solar
The recent landmark currency agreement between Australia and China is good news for Australian manufacturers. Under the agreement, exporters will be able to directly trade the Australian dollar with the yuan and vice versa. The deal, ...
Tags: Currency Deal, Boost Trade