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foreign exchange reserves
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Pakistan Textile Industry in Trouble
Apr 30, 2019More trouble for Pakistan's beleaguered textile industry. The Institute for Policy Reforms (IPR) in a report outlining structural factors that have hurt the industry, has said that the textile industry has made inadequate investment in ...
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Yao Zhenhua Announced His Withdrawal From Gree! Dong Mingzhu Smiled! Who's Crying?
Dec 12, 2016One A shares of these two days is very lively, a Xu Jiayin a Yao Zhenhua, it is obvious that the two are playing off, and finally Dong Mingzhu Wang Shi into the biggest winner. Not long ago, we all look at Dong Mingzhu additional, ...
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Nestle Opens New UHT Milk Plant in Sri Lanka
Nov 11, 2016Nestle has opened a new LKR500m ($3.4m) UHT milk plant in its Kurunegala factory in Sri Lanka to boost its production capacity. The new investment is said to help Nestle in expanding the production capacity for its dairy based products. ...
Tags: Nestle, UHT Milk Plant
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China Forex Reserves Fall for 4th Straight Month
Nov 9, 2016China's foreign exchange reserves shrank for a fourth straight month in October, the central bank said Monday. The world's largest currency hoard fell to 3.12 trillion U.S. dollars last month, down 45.7 billion dollars from September, ...
Tags: Forex Reserves, foreign exchange
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Yuan Tumble Unlikely Despite Weakening
Oct 24, 2016Though 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
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China's Yuan Further Weakens
Jul 19, 2016The Chinese currency renminbi, or the yuan, continued to weaken on Tuesday but analysts said more sharp depreciation is unlikely. The central parity rate of the yuan weakened 10 basis points to 6.6971 against the U.S. dollar, the weakest ...
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China's Forex Reserves Continue to Drop
Feb 7, 2016China's foreign exchange reserves dropped by 99.47 billion U.S. dollars from December to 3.23 trillion U.S. dollars at the end of January, the central bank said Sunday. The decrease was milder than a month-on-month decline of 107.9 ...
Tags: Forex Reserves, foreign exchange
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RMB to Remain "Basically Stable" Against Basket of Currencies: Central Bank
Dec 16, 2015China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank
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China Sees Forex Reserves Decline by US$87.2 Bln
Dec 8, 2015China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...
Tags: Forex Reserves, foreign exchange
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China Advances Exchange Rate Reform
Aug 16, 2015China's new forex rate formation mechanism is credit positive as it will increase currency flexibility and support China's capital account liberalization, said Moody's in a recent report. The People's Bank of China on Tuesday adjusted the ...
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Chinese Investment Surges in Hospitality Industry
Jun 12, 2015Earlier this year, I blogged about the excitement in China generated by the news that its Dalian Wanda Group planned to invest $1.09 billion to build and operate a luxury hotel in London. At the time of their announcement (made in the ...
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$40 Billion Silk Road Fund Will Be Operated Under a Market-Oriented Approach
Mar 13, 2015China's $40 billion Silk Road Fund will be operated under a market-oriented approach and the projects it plans to invest in will not be limited to countries along the "One Belt, One Road" route, the fund's chairperson said on Thursday. ...
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China Must up Its Game to Boost Export Growth Against The Backdrop
Mar 8, 2015Chinese leaders and economists have said China must up its game to boost export growth against the backdrop of an anemic global economic recovery. SIX-PERCENT GROWTH Commerce Minister Gao Hucheng said on Saturday that China is confident ...
Tags: economic growth, export growth
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Volatile Capital Flows in China 2015
Feb 20, 2015China's cross-border capital flows will remain volatile this year amid uncertainties both at home and abroad, the country's forex regulator said on Sunday. As China gradually moves to make its foreign exchange mechanism more ...
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Oil Prices Fell in Early Asian Trade with Markets Expecting Gloomy Chinese Economic Data
Jan 15, 2015Oil prices fell in early Asian trade on Monday, with markets expecting gloomy Chinese economic data to be published this week. U.S. stocks closed lower, marking a fifth straight session of losses, as bank results disappointed and ...
Tags: Oil Prices, U.S.stocks