Chinese Yuan

More

• Corporates Get Tough Lesson in FX Risk from Central Bank

  

  China's central bank is signaling it is abandoning its traditional role in the domestic currency market as the ready supplier of liquidity, forcing corporations to bear more risk so that they learn how to cope with a more volatile yuan.

• METALS-Copper climbs on China growth hopes, stronger euro

  SINGAPORE, Jan 28- London copper rose on Monday, as the euro strengthened on signs economic recovery is taking root in Europe and after the head of China's sovereign wealth fund said that growth in the country could accelerate more quickly than expected.

• CHINA MONEY-Corporates get tough lesson in FX risk from central bank

  *Central bank sees less need to intervene, yuan in equilibrium. SHANGHAI, Jan 28- China's central bank is signalling it is abandoning its traditional role in the domestic currency market as the ready supplier of liquidity, forcing corporations to bear more risk so that they learn how to cope with a more volatile yuan.

• Euro Rises on Brightening Outlook; Yen Falls Again

  

  The euro rallied Friday on growing optimism the region's debt crisis has turned the corner, while the yen was headed for its 11th consecutive week of losses.

• Asia Stocks Trade Mixed; Japan Outperforms

  Asian shares ended mixed on Friday, dragged lower by a drop in regional technology stocks, although gains in Australia and Japan contained overall losses for equities.

• Yen Drops 2% as Japan OK With Further Weakening

  

  The yen tumbled 2 percent against the dollar to hit a 2 1/2-year low on Thursday after a Japanese official said the government has no problem with the dollar hitting 100 yen.

• UPDATE 1-UK central bank ready to set up yuan swap line

  LONDON, Jan 24- The Bank of England is prepared in principle to become the first G7 central bank to enter into a foreign exchange swap agreement with China, opening the door to another substantial step in moves to liberalise the yuan currency.

• Europe Closes Higher but Techs Weigh

  European shares closed higher Thursday, with the market taking direction from an opening rise on Wall Street where the S&P 500 hit the 1,500 mark for the first time since December 2007.

• Asia Mixed; China Flash PMI Lifts Sentiment

  Asian shares were mixed on Thursday after manufacturing data from China confirmed a recovery was on track, easing nervousness caused by a sharp drop in Apple shares.

• Yen Settles After Rally as BOJ Action Still Expected

  

  The yen was little changed against the dollar on Wednesday one day after a sharp rally, and traders appeared ready to resume selling the yen.

• Yen Extends Gains After BOJ; Support Seen for Euro

  

  The yen pushed higher against the euro and dollar on Wednesday, extending gains from the previous day, when monetary easing from Bank of Japan fell short of some expectations for faster, more aggressive action.

• Asia Mixed; Nikkei Falls on Stronger Yen

  Asian shares retreated from multi-month highs on Wednesday amid caution as the earnings season gathers pace, with Tokyo stocks falling to three-week closing lows.

• Yen Soars 1% as BOJ Action Disappoints

  

  The yen soared 1 percent against the dollar and euro on Tuesday after the Bank of Japan said its open-ended commitment to buy assets would kick in only next year.

• US Bond Prices Rise on Weaker Housing Data

  

  U.S. Treasury debt prices were trading little changed as a U.S. Republican proposal for a limited rise in the debt ceiling curbed demand for safe-haven assets.

• Europe Shares Close Flat; Deutsche Bank Falls

  European shares closed flat on Tuesday as shares of Deutsche Bank weighed heavily on Germany's DAX Index after rumors that the German financial sector regulator had asked it to simulate a split of investment banking and retail operations.

• Asian Shares End Mixed on BOJ Decision

  Asian shares end mixed on Tuesday amid optimism over the global growth outlook. But bold easing measures from the Bank of Japan failed to lift Tokyo equities and the yen rebounded from a brief sell-off as investors digested the central bank's actions.

• Yen Firms on BOJ's Pledge for 2014

  

  The yen briefly fell against the dollar on Tuesday after the Bank of Japan surprised markets by adopting an open-ended commitment to buy assets, but later regained ground as the new scheme for additional purchases only comes into effect next year.

• US Debt Ceiling Proposal Helps Europe Shares Higher

  European shares closed higher on Monday, managing to hold onto earlier gains as investor sentiment was buoyed by an agreement among U.S. Republicans on Friday to extend the debt ceiling for three months.

• Asia Ends Mixed; BOJ Meeting Eyed

  Asian shares ended mixed on Monday, taking a breather after hitting multi-month highs.

• 50% Rise in RMB Index in 2013: Expert  

  

  Kelvin Lau, Senior Economist at Standard Chartered says the recent developments from Beijing towards the offshore market are positive. He believes there will be a 50% rise in Stanchart's RMB Globalization Index in 2013.