Russia's ruble is under renewed pressure after the Central Bank of Russia shocked markets with a rate cut, sending the currency to a 2015 low.» Read More
China's factory activity sputtered in December, underlining challenges facing the country's manufacturers amid rising costs and softening demand.
The dollar was set to end 2014 with a gain of more than 12 percent against a basket of major currencies on Wednesday.
SHANGHAI, Dec 31- China will no longer require local firms which go public abroad to get approval to remit foreign exchange raised in listings back home, seen as a small step toward relaxing capital flows. With immediate effect, overseas listed firms need only register their initial public offerings or other fund-raising activities with the foreign exchange...
In a fresh sign China's economy is slowing, the final China HSBC PMI for December indicated manufacturing contracted for the first time in seven months.
The yen gained sharply against both the dollar and euro on Tuesday as investors sought the traditional safety of the Japanese currency.
SHANGHAI, Dec 30- China's yuan closed up 0.3 percent against the dollar on Tuesday, its strongest one-day gain since March, after the country's foreign exchange regulator published new rules further liberalizing the currency market. China will relax restrictions on banks' yuan trading from Jan. 1, replacing daily caps on banks' foreign exchange positions with...
SHANGHAI, Dec 30- China will relax restrictions on banks' yuan trading starting in 2015, in a small but significant move towards relaxing its capital controls. The State Administration of Foreign Exchange published a set of new rules on Tuesday to simplify 14 sets of related regulations and add new provisions liberalizing banks' forex trading practices.
SHANGHAI, Dec 30- China's yuan hit a seven-month low to the dollar on Tuesday and nearly touched its 2- percent daily trading limit for the first time, battered by increasingly bearish sentiment towards the currency. The yuan looks set to end the year down 2.8 percent, the first meaningful annual depreciation since its landmark revaluation in 2005. In...
The euro inched up but remained near two-year-lows after a key vote in Greece failed to secure a new president.
*Yuan, more important for euro than dollar, could weaken. LONDON, Dec 28- While investors are betting the euro will fall against the dollar next year, hopes that the European economy will therefore get a boost could be premature: it may not depreciate at all against currencies of other major trading partners. As speculation grows that the European Central Bank will...
China's trade will grow 3.5 percent in 2014, implying it will miss official targets, according to a report on a government website that was later revised.
The dollar edged up against the yen on Friday on light bargain hunting, with markets slowly getting into gear after the Christmas holiday.
India's long-held position as the world's top diamond polisher is being challenged by soaring output from China.
Chinese investment banks have awarded the first pay rises since the financial crisis, but salaries and bonuses still trail Western banks'.
Currency strategists are pondering whether there is more volatility in store for the ruble.
The dollar hovered at its highest in nearly nine years after strong U.S. economic growth caused market speculation of earlier interest rate hike.
SHANGHAI, Dec 24- China's yuan weakened on Wednesday, changing hands at 6.2307 per dollar at midday, 1.73 percent away from the official midpoint guidance rate, after touching 6.2325 per dollar in early trade, its lowest level since June. The dollar hovered at its highest in nearly nine years against a basket of major currencies on Wednesday after stunningly...
SHANGHAI, Dec 24- China's yuan weakened on Wednesday, changing hands at 6.2307 per dollar at midday, 1.73 percent away from the official midpoint guidance rate, after briefly touching 6.2325 per dollar in early trade, its lowest level since June. The dollar hovered at its highest in nearly nine years against a basket of major currencies on Wednesday after...
Asian currencies may take a wild ride in 2015 with central bank policies set to diverge as the Fed prepares to raise interest rates, analysts say.
Political unrest kept tourists away from Thailand for much of this year, but a surge in Chinese travelers may signal a recovery ahead, analysts say.