Yuan rebounds to week high SHANGHAI: China’s yuan rebounded to reach a one-week high against the dollar on Friday, shrugging off a much... Published 07 Nov, 2022 05:48am
Markets Iron ore turns hot after Oct rout MANILA: Iron ore futures climbed more than 4% on Friday, solidifying their weekly gains initially driven by earlier... Published 06 Nov, 2022 03:44am
Business & Finance Indian rupee drops MUMBAI: The Indian rupee declined versus the dollar on Thursday after the US Federal Reserve Chair Jerome Powell... Published 04 Nov, 2022 05:56am
Business & Finance Yuan hovers near 15-year low SHANGHAI: China’s yuan hovered at a near 15-year low on Thursday, tracking broad dollar strength after US Federal... Published 04 Nov, 2022 05:56am
Markets Rubber futures fall on global slowdown fears SINGAPORE: Japanese rubber futures fell on Wednesday, as concerns over a global economic slowdown weighed on... Published 03 Nov, 2022 05:50am
Business & Finance China’s yuan on track SHANGHAI: China’s yuan weakened against the dollar on Monday and was on track for its eighth straight monthly... Published 01 Nov, 2022 05:55am
Markets Iron ore futures tumble MANILA: Iron ore futures tumbled on Friday, with the benchmark price in Singapore collapsing below $80 per tonne, ... Published 30 Oct, 2022 03:57am
Print China grants another 5bn Yuan on emergency grounds ISLAMABAD: China on Saturday took an important decision of further donating 5 billion Yuan to Pakistan on emergency... Updated 30 Oct, 2022 01:15pm
Markets China’s yuan holds steady, looks set for longest monthly losing streak since 1994 SHANGHAI: China’s yuan held steady against the dollar on Friday after a volatile week, while investors look for the... Published 28 Oct, 2022 11:35am
Business & Finance China’s digital yuan stands out in cross-border pilot HONG KONG/ SHANGHAI: China’s digital yuan took the centre stage in the world’s largest cross-border central bank... Published 28 Oct, 2022 05:58am
Markets Dollar sags as bets build for less hawkish Fed TOKYO: The dollar wallowed near a three-week low versus major peers on Wednesday as more signs of economic weakness... Published 26 Oct, 2022 10:01am
Markets Japanese rubber futures snap five-session losing streak SINGAPORE: Japanese rubber futures snapped a five-session losing streak on Tuesday, amid stronger domestic equities... Published 26 Oct, 2022 05:52am
Markets Japanese rubber futures flat SINGAPORE: Japanese rubber futures were relatively flat on Tuesday, amid stronger domestic equities and marginal... Published 26 Oct, 2022 05:52am
Markets Chinese yuan leads Asian FX lower; shares choppy Most Asian currencies remained subdued and equities were volatile on Tuesday as the Chinese yuan skidded to a near... Published 25 Oct, 2022 02:03pm
Markets China’s yuan hits 15-year low after Xi extends rule BEIJING: China’s yuan hit a 15-year low against the US dollar on Tuesday, with investors spooked after President Xi... Published 25 Oct, 2022 01:22pm
Markets Copper falls as Chinese yuan weakens further against dollar Copper prices fell on Tuesday in London as a weaker yuan against the dollar made greenback-priced assets more... Published 25 Oct, 2022 11:05am
Markets Dollar eases amid bets on less hawkish Fed; sterling firm TOKYO: The safe-haven US dollar eased against peers on Tuesday amid signs Federal Reserve rate hikes are already... Published 25 Oct, 2022 10:09am
Business & Finance Dollar edges up amid suspected BOJ intervention; pound eyes UK politics NEW YORK: The dollar was slightly higher on Monday following another suspected foreign exchange intervention by... Published 25 Oct, 2022 05:51am
Business & Finance Rouble steadies MOSCOW: The Russian rouble stabilised on Monday, supported by a favourable month-end tax period and the prospect of... Published 25 Oct, 2022 05:51am
Markets Asian currencies mixed in thin trading, Chinese yuan falls most Asian currencies were mixed against a choppy US dollar in thin trading on Monday, with the Chinese yuan remaining... Published 24 Oct, 2022 11:39am
Business & Finance Yuan falls to lowest since 2008 global crisis SHANGHAI: China’s yuan fell on Friday to its weakest level against the dollar since the global financial crisis of... Published 24 Oct, 2022 07:09am
Business & Finance Yuan recoups early losses SHANGHAI: China’s yuan recouped losses against the surging dollar by midday on Thursday after falling earlier to... Published 21 Oct, 2022 05:57am
Business & Finance Yuan weakens SHANGHAI: China’s yuan weakened against a strong greenback on Wednesday, despite a steady midpoint fixing, with... Published 20 Oct, 2022 05:36am
Print China’s state banks seen acquiring dollars in swaps market to stabilise yuan SHANGHAI/BEIJING: China’s state banks stepped up their intervention to defend a weakening yuan on Monday, with... Updated 18 Oct, 2022 09:44am
Markets China’s yuan eases, losses capped by state bank actions SHANGHAI: China’s yuan eased against the dollar on Monday, but the size of the losses were capped as major state... Published 17 Oct, 2022 12:51pm
Business & Finance Yuan dips but steady fixing ahead of China Congress limits losses SHANGHAI: China’s yuan weakened on Friday after surging US inflation data pointed to further dollar strength,... Published 17 Oct, 2022 05:57am
Markets Iron ore dips on China demand concerns MANILA: Iron ore futures dipped on Thursday, with the Dalian benchmark hitting a three-week low, as hopes faded for... Published 14 Oct, 2022 03:39am
Markets Japanese rubber futures down SINGAPORE: Japanese rubber futures fell on Thursday, tracking domestic equities lower, as the latest round of Covid... Published 14 Oct, 2022 03:39am
Markets Dollar gains, yen flirts with intervention levels The dollar loomed large over fragile financial markets on Tuesday, with worries about rising interest rates, global... Published 11 Oct, 2022 10:19am
Business & Finance PALSP urges SBP to reduce rate immediately ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has urged the State Bank of Pakistan (SBP) for... Published 04 Oct, 2022 05:55am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?