Posts Tagged ‘china’
BEIJING – CHINA’S central bank governor acknowledged Saturday that Beijing is using its controversial exchange-rate controls to cope with the global economic crisis and said it will be cautious about retreating from the policy. Gov. Zhou Xiaochuan’s comments come as Beijing faces rising pressure to ease controls that Washington and other trading partners say keep its yuan undervalued, swelling …
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Cautious moves on currency (Straits Times)
Tags: beijing, central-bank, china, come-as-beijing, economic-crisis, from-the-policy, global, policy, the-global, trading, xiaochuan
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Crude climbed on Friday, capping two consecutive weeks of trading above $80, after China signaled it would maintain its economic stimulus, rekindling hopes for accelerating growth to drain excess oil supplies.
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Oil rises towards $81; China signals continued stimulus (Reuters via Yahoo! News)
Tags: capping-two, china, climbed-on-friday, drain-excess, friday, its-economic, rekindling-hopes
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Responding to opportunities presented by the country’s growing trade relations with China, Rizal Commercial Banking Corporation (RCBC) now offers customers its newest foreign currency deposit unit, the RCBC Yuan Savings Account.
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RCBC offers Chinese yuan savings account (Malaya)
Tags: banking, banking-corporation, china, country, currency-deposit, customers-its, newest-foreign, now-offers, rcbc, rizal, rizal-commercial, the-country
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BEIJING, Feb 28 (Reuters) – China will expand a trial scheme allowing some firms to settle trade deals in the yuan currency, as businesses seek to control exchange rate risks, an official newspaper reported on Sunday.
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China to expand yuan trade settlement trial-report (Reuters via Yahoo! Philippines News)
Tags: allowing-some, businesses-seek, china, control-exchange, News, official-newspaper, rate-risks, reported-on-sunday, settle-trade, the-yuan, trial-scheme, yuan
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Pacific Investment Management Co.’s Mohamed El-Erian says China is likely to adopt more market-based policies “within the next two years,” cementing the view of investors who are driving the Asian nation’s currency to its largest gains in a year.
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El-Erian Sees More China Flexibility as Currency Strengthens (BusinessWeek)
Tags: adopt-more, asian, cementing-the-view, china, driving-the-asian, investment, its-largest, mohamed, pacific-investment, view
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BANGKOK: China’s current currency policy does not affect other countries’ export and its stability is vital to world economy, a senior Thai economist said Monday.
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China’s currency policy not to blame: Thai economist (China Daily)
Tags: china, countries, current-currency, economist-said, its-stability, not-affect, other-countries, policy-does, world-economy
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Feb. 22 (Bloomberg) — China’s yuan strengthened the most in 11 months on speculation the government will allow more flexibility in the currency’s exchange rate as exports recover from a slump. Government bonds halted a two-day decline.
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Yuan Gains Most in 11 Months on Signs Flexibility to Increase (Bloomberg)
Tags: bonds-halted, china, exchange-rate, exports-recover, rate-as-exports, rengthened-the-most, the-currency, the-government
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China’s foreign exchange reserves hit 2.4 trillion U.S. dollars, accounting for 30.7 percent of the world’s forex reserves, according to foreign media. It’s said that with the recovery of the global economy in 2009, the national foreign exchange reserves will also see a significant rise
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China’s forex reserves accounted for 30% of world total (People’s Daily)
Tags: 30-7-percent, china, foreign-reserve, forex-reserves, national, recovery, the-global, the-world
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Tokyo stocks edged higher Tuesday in sluggish trading, with concerns about China’s monetary tightening and Greek debt problems continuing to weigh on sentiment amid a…
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Business › Tokyo stocks edge up in slow trading (Japan Today)
Tags: china, debt-problems, greek, monetary-tightening, sluggish-trading, stocks-edged, tuesday, weigh-on-sentiment
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Tokyo – Stocks in Tokyo inched lower in Monday morning despite a better-than-expected rise in the nation’s GDP as investors were concerned China’s monetary tightening measures could curb global economic growth.
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Japanese stocks edge down in morning trading (EARTHtimes.org)
Tags: china, curb-global, gdp, inched-lower, monday, monetary-tightening, raised-reserve, stocks
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