China’s Changxin Memory delays IPO, eyeing valuation of $19.5bn BEIJING: Chinese chip maker Changxin Memory Technologies Inc (CXMT) is delaying its initial public offering (IPO) ... Published 02 Jan, 2024 05:21am
Markets China’s yuan leaps to seven-month high, but set for second yearly drop SHANGHAI: China’s yuan leapt to a seven-month high against the dollar on the last trading day of the year on Friday,... Published 29 Dec, 2023 10:17am
Markets Dollar snaps two-year winning streak on 2024 rate cut bets SINGAPORE: The dollar looked set on Friday to end 2023 with a loss, reversing two straight years of gains, dragged... Published 29 Dec, 2023 09:58am
Business & Finance China’s yuan firmer SHANGHAI: China’s yuan firmed against a weakening US dollar on Thursday, as the dollar index fell in late session... Published 29 Dec, 2023 02:58am
Business & Finance Yuan hovers around 1-week low SHANGHAI: China’s yuan hovered close to a one-week low against the dollar on Wednesday, pressured by signs of... Published 28 Dec, 2023 04:52am
Markets Dollar struggles to gain footing in thin trade; yen steady SINGAPORE: The dollar was trying to find a floor on Tuesday in holiday-thinned trade, pressured by signs that... Published 26 Dec, 2023 09:53am
Business & Finance Yuan nearly steady in thin trade SHANGHAI: China’s yuan was roughly flat against the dollar on Monday, with trading light given many markets around... Published 26 Dec, 2023 04:30am
Markets China’s yuan nearly steady in thin trade SHANGHAI: China’s yuan was roughly flat against the dollar on Monday, with trading light given many markets around... Published 25 Dec, 2023 09:39am
Business & Finance China’s yuan slips SHANGHAI: China’s yuan slipped against the dollar on Friday, dragged lower by expectations of a further widening ... Published 23 Dec, 2023 06:16am
Markets Dollar sinks ahead of US inflation test SINGAPORE: The dollar languished near a more than four-month low on Friday ahead of a reading on a key US inflation... Published 22 Dec, 2023 09:38am
Markets Chinese currency weakens as offshore yuan borrowing costs drop SHANGHAI: The yuan eased on Thursday, as offshore yuan funding costs fell and China’s blue-chip stock index hovered... Published 21 Dec, 2023 11:45am
Markets Dollar steadies as stocks slip SINGAPORE: The dollar found a footing on Thursday as a sudden end to a strong rally for US stocks had investors... Published 21 Dec, 2023 09:31am
Business & Finance China’s yuan inches lower SHANGHAI: China’s yuan inched lower against the dollar on Wednesday, as market participants continued to evaluate... Published 21 Dec, 2023 03:54am
Markets China’s yuan inches lower, market evaluates monetary policy stances at major central banks SHANGHAI: China’s yuan inched lower against the dollar on Wednesday, as market participants continued to evaluate... Published 20 Dec, 2023 12:15pm
Business & Finance Yuan hovers at six-month high SHANGHAI: China’s yuan hovered at a six-month high against an easing dollar on Friday, as some exporters rushed to... Published 18 Dec, 2023 06:42am
Markets Dollar feels the heat as Fed’s dovish pivot weighs SINGAPORE: The dollar languished near four-month lows on Friday, weighed by growing prospects of US interest rate... Published 15 Dec, 2023 09:31am
Markets Dalian iron ore slides on more weak data, sluggish restocking BEIJING: Chinese iron ore futures extended declines on Thursday, as the market digested a lack of new stimulus... Published 15 Dec, 2023 03:12am
Markets Dollar takes a dive after Fed signals rate cuts next year TOKYO: The dollar was under pressure on Thursday after the Federal Reserve’s latest economic projections indicated... Published 14 Dec, 2023 09:35am
Markets Yuan eases as policy meeting offers no new stimulus SHANGHAI: China’s yuan eased on Wednesday against a strong dollar, as an agenda-setting meeting of China’s top... Published 13 Dec, 2023 09:57am
Business & Finance Yuan steady SHANGHAI: China’s yuan held steady on Tuesday as investors waited for news from a closed-door meeting of top... Published 13 Dec, 2023 05:33am
Markets Dollar steady with US inflation, Fed meeting eyed; yuan heavy SINGAPORE: The dollar started Monday on the front foot, with a reading on US inflation and the Federal Reserve’s... Published 11 Dec, 2023 09:43am
Business & Finance yuan weakens against dollar SHANGHAI: The yuan weakened against the dollar on Friday and is poised to snap a three-week rising streak, as... Published 11 Dec, 2023 06:41am
Markets Australia, NZ dollars extend declines against yen to multi-week lows SYDNEY: The Australian and New Zealand dollars extended their losses against the yen to multi-week lows on Friday as... Published 08 Dec, 2023 10:16am
Markets China’s yuan to break 3-week rising streak after Moody’s outlook downgrade SHANGHAI: The yuan weakened against the dollar on Friday and is poised to snap a three-week rising streak, as... Published 08 Dec, 2023 09:56am
Markets Dalian iron futures surge amid upbeat export figures SINGAPORE: Iron ore futures gained on Thursday, as market participants reacted to upbeat export figures from China... Published 08 Dec, 2023 05:20am
Markets Dollar steady, euro near three-week low as rate cut bets rise SINGAPORE: The euro languished near a three week low on Thursday as traders intensified bets that the European... Published 07 Dec, 2023 10:05am
Markets China blue-chip stocks hit 5-year lows SHANGHAI: China’s blue-chip stocks slumped to an almost five-year trough on Wednesday while the yuan currency... Published 07 Dec, 2023 04:35am
Business & Finance China’s yuan holds steady as state-owned banks’ action outweighs Moody’s outlook cut SHANGHAI: China’s yuan held steady against the US dollar on Tuesday, as the sale of dollars by major state-owned... Published 06 Dec, 2023 04:27am
Markets Japanese rubber futures fall BEIJING: Japanese rubber futures extended losses for a fourth session on Monday, hitting their lowest in over seven... Published 05 Dec, 2023 03:01am
Business & Finance Yuan slips as market waits on economic data SHANGHAI: China’s yuan slipped against the dollar on Monday, as market participants adopted a cautious approach... Published 05 Dec, 2023 03:01am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn