by Asharq Al-Awsat English | Jun 30, 2016 | Business
China’s yuan hit a six-month low and chalked up its biggest quarterly fall against the dollar on record on Thursday as Beijing suggested it was happy for the weakness to continue. Chinese sources revealed that the People’s Bank of China (PBOC),...
by Asharq Al-Awsat English | Jan 11, 2016 | Business
After China’s central bank set a stronger guidance rate for the Yuan on Monday, the safe haven Yen eased against the dollar, casting away fears that Beijing is trying to weaken its currency to gain a competitive export advantage. China’s Yuan has been weakening...
by Asharq Al-Awsat English | Jan 7, 2016 | Business
Global shares dropped for a sixth day on Thursday and oil prices fell to levels not witnessed since the early 2000s, after China guided the Yuan lower and Shanghai shares tumbled by 7 percent, igniting fears of competitive devaluations across Asia. Chinese stock...
