The big political drama in Washington in the next few months will be the fight over the federal debt ceiling. The worst-case scenario is that Congress refuses to raise the ceiling and the U.S. Treasury defaults on its debt. Since U.S. treasury...
The onshore yuan slipped 0.17 percent to 6.8402 per dollar as of 4:02 p.m., while the Shanghai Composite Index closed down 1.3 percent at its lowest since February 2016. The ChiNext gauge of small caps and tech stocks fared even worse, tumbling 2...
China’s currency slide is graduating from benign neglect to something more deliberate. Whether or not you deem it currency warfare, it is playing with political and financial fire.
China weakened its daily currency fixing by more than traders and analysts had expected before high-ranking U.S. officials arrive in the country to discuss trade issues.
China evaluates impact of currency depreciation among trade tensions.
Chinese investors are still trading bitcoin and buying initial coin offerings, suggesting authorities in Beijing are struggling to clamp down on cryptocurrencies just weeks after announcing that public exchanges would be shut down.
Three days after Chinese regulators outlawed cryptocurrency fundraising in early September, a woman met with half a dozen individuals at a Beijing golf club to pitch a digital-currency investment opportunity.
China is reversing course and loosening some financial restrictions after the yuan's appreciation in 2017.
The renminbi suffered its worst day in three months after China’s central bank scrapped two rules intended to bolster the currency in a sign that official nervousness about currency depreciation and capital flight has eased.
When President Trump meets with Chinese President Xi Jinping this week, he will remind his guest that China runs the largest trade surplus with the United States.
Despite setbacks to regional economic integration, China maintained a 6.7 percent growth rate last year and contributed 33.2 percent to global economic growth, ranking the highest among all world economies.
For the past three years, China has allowed its currency, the renminbi, to weaken in value compared with the American dollar. Yet the renminbi’s slide has provided only a marginal benefit.
U.S. President Donald Trump is “not anti-China” but any move away from globalization by the White House could be a concern to businesses across the world, the chief executive Lenovo told CNBC on Tuesday.
Banks and other corporate borrowers quietly encouraged to raise money offshore
If U.S. President Donald Trump proceeds with plans to label China a currency manipulator, the confrontation would likely escalate beyond trade, David Roche, global strategist at Independent Strategy, told CNBC on Monday.
President Donald Trump declared China the “grand champions” of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analyzing Beijing’s foreign exchange practices.
Treasury Secretary Steven Mnuchin signaled no urgency to designate China a currency manipulator, saying he wants to use a regular review of foreign-exchange markets to determine if the U.S.’s largest trading partner is cheating.
Currency strategy would avoid singling out country in bid to avoid break in relations
China’s January exports easily exceeded analysts’ expectations, rising 7.9 percent from a year earlier, while imports rose by 16.7 percent, also topping forecasts, preliminary data showed on Friday. That left the country with a trade surplus of $...
Foreign buyers are holding a smaller share of the debt of the some of the world’s top nations
Unfortunately for Trump, it’s not the 1980s anymore.
It’s a lot of money—but it’s shrinking.
China’s foreign-exchange reserves data for January, due on Tuesday, may surprise on the upside after a long downtrend, an analyst said.
Donald Trump probably hasn’t followed through on campaign pledges to label China a currency manipulator because the yuan’s been stronger than he anticipated, the U.S. President’s pick as ambassador to China said Tuesday.
The value of the cryptocurrency bitcoin is melting down Thursday, having dropped 20% against the dollar by midday Eastern Time in only two hours of frantic trading.
China’s financial regulators appear to have grown increasingly concerned in recent weeks about the pace of the renminbi’s depreciation
The roller-coaster ride may be over, but global investors say that still hasn’t made China attractive for 2017
China’s economic growth target, the depreciation of the yuan and a looming change in several senior Communist Party positions will be important factors
Extends hundreds of billions of yuan in loans to ease liquidity crunch, continuing debt selloff
Rising US rates complicate balancing act for Beijing as it faces capital flight
China’s exports gained as a cheaper yuan aided foreign purchasing; Imports jumped the most in more than two years on strong demand for raw materials
Early Tuesday it appeared the RMB had suddenly fallen more than 8%, but no deliberate devaluation took place. Instead, the culprit was a technical problem
In the wake of #TaiwanFreakout and the latest Twitter-storm, here’s a range of things Beijing could do, from the shrug-worthy to the downright terrifying
New restrictions added as authorities seek to prevent a flood of capital outflows from destabilizing the financial system
Donald J. Trump, president-elect of the United States, spent much of his antagonistic campaign blaming China for many of America’s economic ills, and repeatedly making thinly veiled threats of a U.S. trade war with Beijing. How should Trump...
Move confers a measure of legitimacy after Beijiing’s yearslong effort to internationalize its currency; remains far from countering dollar’s status
Move by banks in Hong Kong market, likely at behest of PBOC, seems aimed at bets against yuan.
Global uncertainty and headwinds continue to buffet the world’s second-largest economy.
The yuan is already trading at its lowest level in more than five years.
In recent months, the People’s Bank of China has increasingly turned to the derivatives market to help prop up the currency.
China warned the U.S. not to adopt punitive currency policies that could disrupt U.S.-China relations after Donald Trump’s win in the Nevada caucus.
This month, Chinese banking officials omitted currency data from closely watched economic reports.
Recently Zhou Xiaochuan, Governor of the People’s Bank of China (PBOC), China’s central bank, had an interview with Caixin and talked about the yuan exchange rate regime reform, macro-prudential policy framework, digital currency, and other...
On Tuesday in an article headlined, “Declaring War on China’s Currency? Ha ha,” the People’s Daily attacked billionaire investor George Soros for suggesting he might short the renminbi. The Chinese currency has dropped 5.7 percent since August...
The depreciating yuan is exposing the increasing difficulty in getting a firm reading on economy.
The aftershocks carried over to Europe and the United States, where markets fell sharply once again.
Weak economic data in China spurs global selloff, while Shanghai Composite declines nearly 7%.
A 7 percent slide in Chinese shares, sparked by weak economic data, rekindled worries over global growth on day one of 2016 trading.
Investors are rushing money out of China as yuan weakens to lowest point since August.
On November 30, the International Monetary Fund approved the Chinese renminbi, also known as the yuan, as one of the world’s leading currencies, underscoring the country’s rising global financial importance. What’s behind the decision and what...
The I.M.F. decision will help pave the way for broader use of the renminbi in trade and finance, securing China’s standing as a global economic power.
Chinese shares slumped 5 percent on Friday, hit by regulatory and industrial sector worries, but the declines did not carry through to other major equity markets.
The market doubts it, but it is possible that the Chinese currency, the renmimbi (RMB), may become part of the International Monetary Fund’s special drawing rights.
Top officials in the Communist Party will discuss pledging to “make the yuan convertible under the capital account".
Shift in Treasury holdings is latest symptom of emerging-market slowdown hitting global economy.
