The dollar stood lower on Friday as data showing U.S. unemployment in August at its lowest since 2008.» Read More
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...
Instead of manipulating the yuan fixing, Beijing is manipulating the markets through liquidity injections, says Fraser Howie, independent analyst.
If the Fed plans to hike interest rates this year, September is the best time, explains Sally Auld, fixed income and FX strategist at J.P. Morgan.
The Dow Jones industrial average has lost nearly 1,000 points since China's surprise move to devalue its currency Aug. 11. For all its woes, China still outruns every other major economy. For 2015, while the nearly healthy U.S. economy will expand perhaps 2.5 percent, even most pessimistic analysts predict that China's will grow at least 5 percent.
*Estimated HK $1.57 tln a year channelled through Macau. HONG KONG, Aug 30- Just days after authorities raided five pawn shops in the Chinese territory Macau, many of the neon-lit stores in the world's biggest gambling hub are still letting punters make fake purchases to skirt rules on how much cash they can take out of China. The transaction, which took less than 10...