Currencies Chinese Yuan

More

  • Asian currencies hammered, with worse to come Wednesday, 12 Aug 2015 | 12:24 AM ET

    Chinese's surprise move to devalue the yuan, a looming Fed rate hike and weakening economies have created a perfect storm for Asian currencies.

  • Chinese yuan could fall 10-12%, says this expert Wednesday, 12 Aug 2015 | 12:10 AM ET
    Chinese yuan could fall 10-12%, says this expert

    Anantha Nageswaran, CEO of Vansight, explains why the Chinese currency could be in for further declines.

  • Yuan devaluation may be bad news for India: Pro Tuesday, 11 Aug 2015 | 11:44 PM ET
    Yuan devaluation may be bad news for India: Pro

    Jigar Shah, CEO of Maybank Kim Eng Securities, says the yuan's sharp depreciation will likely affect Indian manufacturers and spark a competitive devaluation in the rupee.

  • More China easing coming? Very likely: Pro Tuesday, 11 Aug 2015 | 11:32 PM ET
    More China easing coming? Very likely: Pro

    Raymond Jook, managing director at Avant Capital Management, expects the slew of Chinese data on Wednesday to paint a picture of weak growth, adding to the likelihood of further easing in the next few months.

  • Yuan drops, luxury shopping stops for Chinese tourists Tuesday, 11 Aug 2015 | 11:17 PM ET

    Big-spending Chinese tourists fear their wings will be clipped if Tuesday's shock yuan devaluation develops into a deeper dent in their spending power.

  • Did China take a leaf out of Singapore's book? Tuesday, 11 Aug 2015 | 11:17 PM ET
    Did China take a leaf out of Singapore's book?

    Hartmut Issel, head of Asia Pacific equity & credit at UBS Wealth Management, says the yuan's devaluation indicates that China may be looking to weigh the yuan against a basket of currencies, just like Singapore.

  • Earnings preview: How will Alibaba, Tencent fare? Tuesday, 11 Aug 2015 | 11:06 PM ET
    Earnings preview: How will Alibaba, Tencent fare?

    Jin Yoon, director and head of internet research at Mizuho Securities Asia, outlines his expectations for the earnings results of internet behemoths Tencent and Alibaba.

  • Why the risk-off sentiment will likely intensify Tuesday, 11 Aug 2015 | 10:44 PM ET
    Why the risk-off sentiment will likely intensify

    Sim Moh Siong, FX Strategist at Bank of Singapore, says worries about competitive devaluations globally will likely persist after China's weaker yuan fixing early Wednesday.

  • China devalues yuan: Who wins and who loses Tuesday, 11 Aug 2015 | 10:18 PM ET
    China devalues yuan: Who wins and who loses

    U.S. companies reliant on China will be affected by the yuan's depreciation, but consumers will likely benefit from cheaper imports, says David Dietze, chief investment strategist at Point View Wealth Management.

  • Will a weaker yuan help Chinese manufacturers? Tuesday, 11 Aug 2015 | 9:32 PM ET
    Will a weaker yuan help Chinese manufacturers?

    Stanley Szeto, chairman and CEO of Lever Style, says the yuan's fall has limited effect for local businesses. Alex Wong, director of Asset Management at Ample Capital, explains why there's room for further yuan devaluation.

  • Yuan weakening may be less than meets the eye: Pro Tuesday, 11 Aug 2015 | 9:05 PM ET
    Yuan weakening may be less than meets the eye: Pro

    Michael Kurtz, global head of equity strategy at Nomura, says Tuesday's decision to devalue the yuan is in line with the goal of making the Chinese currency more market-determined.

  • Will yuan devaluation harm Tencent and Alibaba? Tuesday, 11 Aug 2015 | 8:42 PM ET
    Will yuan devaluation harm Tencent and Alibaba?

    Alicia Yap, head of China Internet Research, Asia Ex-Japan Equity Research at Barclays, outlines her expectations for the earnings of Tencent and Alibaba amid a surprise devaluation of the yuan.

  • For markets, is yuan devaluation too much to digest? Tuesday, 11 Aug 2015 | 8:12 PM ET
    For markets, is yuan devaluation too much to digest?

    Barry McInerney, co-chief executive officer of BMO Global Asset Management, says the devaluation of the yuan won't be well-received in the near term as markets prefer traditional monetary and fiscal policies.

  • China's surprise currency move is 'historic': Pro Tuesday, 11 Aug 2015 | 7:45 PM ET
    China's surprise currency move is 'historic': Pro

    Christoffer Moltke-Leth, head of sales trading, Asia Pacific at Saxo Capital Markets, says the devaluation of the yuan on Tuesday marks a shift to a more market-based currency policy in China.

  • Why China's move to devalue yuan makes sense Tuesday, 11 Aug 2015 | 7:16 PM ET
    Why China's move to devalue yuan makes sense

    Jerry Webman, chief economist & senior investment officer at OppenheimerFunds, says China's decision to weaken the yuan on Monday marks a shift to a more market-determined exchange rate.

  • Weak yuan to have little impact on Tencent: Pro Tuesday, 11 Aug 2015 | 6:41 PM ET
    Weak yuan to have little impact on Tencent: Pro

    Cynthia Meng, managing director, China/HK TMT Equity Research at Jefferies Hong Kong, explains why Chinese ADRs such as Tencent will see a "moderate impact" from the devaluation of the yuan.

  • Prasad: Yuan devaluation is an 'astute move' Tuesday, 11 Aug 2015 | 6:18 PM ET
    Prasad: Yuan devaluation is an 'astute move'

    Eswar Prasad, senior professor of Trade Policy at Cornell University, says the currency devaluation was an "opportunistic move" by Beijing to fend off criticisms from international and domestic watchers.

  • Yuan devaluation is a challenge for US firms: Pro Tuesday, 11 Aug 2015 | 6:11 PM ET
    Yuan devaluation is a challenge for US firms: Pro

    David Donabedian, CIO of Atlantic Trust, says China's surprise move to devalue the yuan adds to worries about a stronger U.S. dollar and the global economic outlook.

  • The yuan suffered its biggest fall in over two decades on Tuesday.

  • Parsing crude's crash Tuesday, 11 Aug 2015 | 2:05 PM ET
    Parsing crude's crash

    David Demshur, CEO & President, Core Laboratories, discusses where he sees oil headed following today's news out of China.