The dollar climbed against the euro and yen on Thursday as global investors tentatively stepped back into riskier equities.» Read More
Nick Bennenbroek, Wells Fargo Securities, shares his outlook on currencies and the Chinese yuan.
SHANGHAI, Sept 2- China's foreign exchange regulator issued new rules on Friday relaxing restrictions on multinational companies' management of their foreign currency-denominated debt in China, allowing them to pool debt from all their subsidiaries for central management. The rules, which take effect immediately on a trial basis, permit these companies to...
HONG KONG/ SHANGHAI, Sept 2- China's central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen by Reuters, as Beijing moves to make it more expensive to bet on more depreciation of the yuan. According to the People's Bank of China document seen on Wednesday, reserve ratios will be set at 20...
SHANGHAI, Sept 2- China's yuan firmed at the open on Wednesday, after sources with knowledge of the matter said a day earlier that China's central bank plans to tighten rules on trading of currency forwards from October. The move is aimed at curbing speculation and volatility after a surprise depreciation in August. The People's Bank of China set the midpoint...
Ronald Wan, chief executive, investment banking at Partners Capital International, says Chinese investors are not willing to hold shares ahead of a long weekend.
David Riedel, president & founder at Riedel Research Group, says Beijing's recent double policy easing requires time to take effect, likely in fourth quarter.
Stocks are deep in the red today and China is the main culprit. CNBC's Eunice Yoon reports the latest developments.
The yen and the euro rose on concerns about China, as investors unwound bets against the two currencies used to fund holding riskier assets.
Michael Zinn, UBS, and Stephen Wood, Russell Investments, say there is better valuations in the U.S. and investors may be able to benefit.
Richard Iley, chief economist for emerging markets at BNP Paribas, discusses Chinese economic data and China's service sector.
SHANGHAI, Sept 1- China's central bank plans to tighten rules on trading of currency forwards from October, sources with direct knowledge of the matter told Reuters, in a move to curb speculation and volatility after a shock devaluation of the currency last month. The People's Bank of China has repeatedly intervened to stabilize the yuan since the Aug. 11...
While the Reserve Bank of Australia (RBA) will likely keep interest rates on hold, the assessment of China-related risks will be key, says Ben Jarman, senior economist at JP Morgan.
Simon Grose-Hodge, head of investment advisory at LGT Bank Singapore, says the sell-off has been overdone, while Beijing's monetary easing shows that it is ready to do more to prop up growth.
SHANGHAI, Sept 1- China's central bank will tighten rules on trading of currency forwards from next month, sources with direct knowledge of the matter told Reuters, in a move to curb speculation and rising volatility after a sharp sell-off in the currency. The People's Bank of China has repeatedly intervened to stabilize the yuan since it shocked global markets...
SHANGHAI, Sept 1- China's central bank will require banks trading currency forwards on behalf of clients to set aside 20 percent in foreign exchange reserves starting Oct. 15, sources with direct knowledge of the matter said on Tuesday. The forex forwards reserves will be denominated in U.S. dollars, with no interest to be paid, the sources said.
The dollar lost ground against the yen and the euro as global stock markets began the week in the red, prompting investors to trim bets.
Peter Orszag, Citigroup vice chairman and former OMB director, shares his outlook on China's economy.
Urs Dur, TBS Ocean Logistics CFO, says the dry shipping market is soft and demand is weak.
Adrian Mowat, JPMorgan, weighs in on China's markets, and provides his thoughts on China's economy.
SHANGHAI Aug 31- China's yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese currency, traders said. Most of the losses came after the People's Bank of China surprised markets by devaluing the yuan by nearly 2 percent on Aug. 11. After the abrupt devaluation on...