Dollar clings to 20-year high ahead of US inflation data LONDON: The dollar held close to a two-decade high on Wednesday as investors waited for fresh US inflation data to... Updated 11 May, 2022 01:52pm
Markets Hong Kong shares tumble, China stocks and yuan regain footing SHANGHAI: Hong Kong shares tumbled on Tuesday following a one-day holiday, playing catch-up with falls on Wall... Published 10 May, 2022 12:14pm
Markets Dollar rides to two-decade highs as rates rise; euro struggles LONDON: The dollar climbed to its highest levels in two decades on Monday as a combination of rising US Treasury... Published 09 May, 2022 02:04pm
Markets Dollar climbs as nerves jolt stock markets SINGAPORE: The dollar began the week on a strong footing, buttressed by sharply rising US yields and by investors’... Published 09 May, 2022 10:34am
Markets Iron ore futures rise as China cenbank pledges support MANILA: China’s ferrous commodities futures rose on Thursday, with iron ore gaining as much as 3%, a day after the... Published 07 May, 2022 05:46am
Markets China’s yuan slips to fresh 1-1/2-year low on firmer dollar, zero-COVID policy SHANGHAI: China’s yuan weakened sharply against a strengthening dollar in morning trade on Friday, touching new... Published 06 May, 2022 09:34am
Markets Dollar holds near 20-year high, euro struggles LONDON: The dollar held near a 20-year high on Monday as the euro struggled around the $1.05 mark, as investors... Published 02 May, 2022 01:18pm
Markets China’s yuan extends losses, set for worst month in 28 years SHANGHAI: Weakness in China’s yuan gathered pace on Friday, putting the currency on track for its biggest monthly... Published 29 Apr, 2022 11:18am
Markets China’s yuan slips to late 2020 lows as dollar surges, economy wobbles SHANGHAI: China’s yuan slipped to nearly 17-month lows against the US dollar on Thursday as widening COVID-19... Published 28 Apr, 2022 11:15am
Markets China iron ore, steel futures rebound BEIJING: Chinese iron ore and steel futures rose on Wednesday after falling for two consecutive days, as concerns... Published 28 Apr, 2022 05:37am
Markets China’s yuan stabilises as investors look for ‘red line’ on weakness SHANGHAI: China’s yuan inched up slightly against the dollar on Wednesday, gaining a foothold following recent... Published 27 Apr, 2022 10:15am
Markets IMF’s Gopinath says China needs open capital markets for yuan to be global currency WASHINGTON: If China wants its yuan to become a globally used currency, Beijing would need to have open capital... Published 26 Apr, 2022 08:21pm
Markets Yuan jumps after China’s central bank moves to slow currency’s slide SHANGHAI: China’s yuan strengthened on Tuesday after the central bank stepped in to slow the currency’s sharp falls... Published 26 Apr, 2022 11:28am
Business & Finance China cuts banks’ FX reserve ratio to support yuan SHANGHAI/SINGAPORE: China’s central bank said on Monday it would cut the amount of foreign exchange banks must ... Published 26 Apr, 2022 05:20am
Markets Flight to quality lifts US dollar to two-year highs; Aussie crumbles LONDON: The US dollar climbed to a two-year high versus its rivals on Monday and was on track for its single biggest... Published 25 Apr, 2022 12:58pm
Markets Euro inches up after Macron’s victory, gains against bruised sterling HONG KONG: The euro gained a fraction in early trade on Monday following French President Emmanuel Macron’s... Published 25 Apr, 2022 10:16am
Markets China’s yuan extends losses, set for worst week since 2019 SHANGHAI: China’s yuan extended losses against the dollar on Friday and looked set for its worst week in more than... Published 22 Apr, 2022 10:56am
Markets Iron ore rebounds MANILA: Dalian and Singapore iron ore futures rose on Wednesday, rebounding after declines earlier in the session, ... Published 22 Apr, 2022 05:36am
Markets China’s yuan slides to 6-month low as tightening prospects help dollar SHANGHAI: China’s yuan slipped to a more than six-month low against the US dollar on Thursday, after the country’s... Published 21 Apr, 2022 12:13pm
Markets China’s yuan weakens to 6-month low; steady lending benchmark limits losses SHANGHAI: China’s yuan fell to a six-month low against the dollar on Wednesday, dragged down by a... Published 20 Apr, 2022 11:43am
Markets Stocks wobble as China lockdowns drag; yen wallows SINGAPORE: Oil and stock markets were under pressure on Wednesday on worries about the fallout from China’s pandemic... Published 20 Apr, 2022 10:07am
Markets China’s yuan softens as dollar rises to two-year highs SHANGHAI: China’s yuan weakened on Tuesday as expectations of steep rate rises by the US Federal Reserve lifted the... Published 19 Apr, 2022 10:37am
Markets China’s GDP data, PBOC’s caution over stimulus, limits yuan’s decline SHANGHAI: China’s yuan eased slightly against a firmer dollar on Monday, as losses were capped by... Published 18 Apr, 2022 11:20am
Markets Chinese steel futures range-bound as investors await stimulus measures BEIJING: Chinese steel futures traded in a tight range on Thursday, as investors looked for government measures to... Published 17 Apr, 2022 05:51am
Business & Finance Yuan edges up as PBOC holds medium rate steady, but RRR cut still expected SHANGHAI: The yuan edged up against a strengthening dollar on Friday after the Chinese central bank left a key ... Published 17 Apr, 2022 05:51am
Markets Yuan edges up as PBOC holds medium rate steady, but RRR cut still expected SHANGHAI: The yuan edged up against a strengthening dollar on Friday after the Chinese central bank left a key... Published 15 Apr, 2022 11:53am
Markets Hawkish Fedspeak keeps dollar king, yen slumps to 20-year low TOKYO: The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro on Friday,... Published 15 Apr, 2022 10:05am
Markets China’s yuan steadies as investors anxiously await PBOC’s rate decision SHANGHAI: China’s yuan steadied against the dollar in thin trade on Wednesday, as investors anxiously await concrete... Published 13 Apr, 2022 10:38am
Markets China’s yuan eases as dollar lifted by expectations for accelerating inflation SHANGHAI: The yuan weakened slightly on Tuesday on a softer daily central bank fixing and as the US dollar firmed... Published 12 Apr, 2022 10:23am
Markets Rising US yields squeeze yen; Macron presidential vote lead aids euro SINGAPORE: The dollar stood tall in the Asia session on Monday, helped by inexorably rising US yields, though the... Published 11 Apr, 2022 11:11am