Middle-east Arab News Opinion | Asharq Al-awsat

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Chinese 100 yuan banknotes are seen on a counter of a branch of a commercial bank in Beijing, China, March 30, 2016. Reuters

China’s Yuan Endures Biggest Quarterly Fall on Record

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),...

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Dollar signs are seen alongside the signs for other currencies at a currency exchange shop in Hong Kong November 1, 2014. REUTERS/Damir Sagolj

Yen Eases after Higher Yuan Guidance, China Worries Linger

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...

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A visitor waits for the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan’s stock market, in Tokyo, Japan, January 4, 2016. REUTERS/Yuya Shino

Global Markets-China Turmoil Sends Oil, Stocks Sliding

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...