Tag: Chinas

China’s digital yuan stands out in cross-border pilot in a show of global ambition By Reuters

2/2 © Reuters. FILE PHOTO: People buy food at stalls promoting China's digital yuan, or e-CNY, during the 2022 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Tingshu...

China’s yuan briefly hits 1-1/2-week high then sinks into the red By Reuters

© Reuters. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo/File Photo SHANGHAI (Reuters) - The yuan briefly touched a 1-1/2-week high against the dollar...

China’s yuan, in trade-weighted terms, has fallen to a one year low

China's yuan TWI has hit its lowest since October 15 2021 (info via a Reuters calculation on its value). The China Foreign Exchange Trade System (CFETS, a unit of the PBOC) manages the...

ICYMI – China’s Wuhan locked down one of its central districts following COVID outbreak

Bloomberg with the report on another China lockdown:Around 900,000 residents of Hanyang district were told to stay in their homes from Wednesday, a spokeswoman from the area’s CDC told Bloomberg News by phoneAnother...

China’s Cosco given German government approval to buy a 24.9% stake in Hamburg terminal

The German government has given approval for China’s Cosco to acquire a 24.9% stake in Hamburger Hafen und Logistik (HHLA). HHLA is the operator of the container terminal in Tollerort in Germany’s largest...

Euro at Crossroads as ECB Rate Hike Looms While Crude Ponders China’s Growth Outlook

Euro, EUR/USD, US Dollar, Crude Oil, China, OPEC+, USD/JPY - Talking PointsThe Euro has firmed ahead as the US Dollar stood aside todayCrude oil contemplates supply versus demand issues amid uncertaintyThe ECB are...

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