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Yen

Yuan inches up after PBOC sets guidance at 30-month high
Markets

Yuan inches up after PBOC sets guidance at 30-month high

  • Official data showed robust growth in profits at China's industrial firms in November, their seventh straight month of gains, supported by strong industrial production and sales, as manufacturers continue their recovery from the COVID-19 downturn.
Published 28 Dec, 2020 11:53am
Tokyo stocks open higher on US relief bill
Markets

Tokyo stocks open higher on US relief bill

  • In Tokyo, Mitsubishi Heavy Industries rallied 2.60 percent to 2,977.5 yen following a report that the firm plans to build a massive zero-carbon steel plant running on hydrogen in Austria.
Published 28 Dec, 2020 08:53am
Tokyo stocks open lower on virus worries
Markets

Tokyo stocks open lower on virus worries

  • SoftBank Group was down 1.13 percent at 8,393 yen following reports that it applied for an initial public offering of a special purpose acquisition company (SPAC) called SVF Investment to raise up to $525 million.
Published 22 Dec, 2020 08:58am
Yuan eases to 1-week low on dollar bounce
Markets

Yuan eases to 1-week low on dollar bounce

  • China will maintain policy support for its economic recovery, avoiding a sudden shift in policy, to help keep economic growth within a reasonable range in 2021, the Xinhua news agency said on Friday.
Published 21 Dec, 2020 12:08pm
Stocks, pound, oil sink as virus surge trumps stimulus deal
Markets

Stocks, pound, oil sink as virus surge trumps stimulus deal

  • Oil prices also sank as the new containment measures hammered expectations for travel over the Christmas period, with the discovery of a mutated and more infectious strain of the coronavirus in Britain also leading several governments to ban flights from the country.
Published 21 Dec, 2020 08:35am