The dollar may soon lose status as single reserve currency as IMF approves Yuan
Earlier this year, the International Monetary Fund (IMF) called for a delay until at least well into 2016 before the Chinese Yuan would be recommended for inclusion in the Special Drawing Rights (SDR)...
View ArticleChina welcomes IMF backing to introduce yuan in SDR basket
Beijing, November 14 China today welcomed backing from International Monetary Fund (IMF) experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world’s...
View ArticleLagarde backs inclusion of China's yuan in IMF currency basket
China's yuan is set to join other top global currencies in the International Monetary Fund's (IMF) benchmark foreign exchange basket after the leader of the Fund expressed her open support for the move...
View ArticleChina’s Stock-Index Futures Fall as Officials Target Margin Debt
China’s stock-index futures slid after officials moved to contain the rise in leveraged wagers on equities. Futures on the CSI 300 Index lost 1.5 percent to 3,586.80 as of 9:15 a.m. local time....
View ArticleMoves toward a fairer world might help end terror
The bloody terrorist attacks in Paris on Friday in which at least 120 people were killed and hundreds injured was carefully planned. And this "act of war", as French President Francois Hollande...
View ArticleYuan's Offshore Discount Widens as IMF Nod May Curb Intervention
The offshore yuan’s discount to the onshore spot rate widened to the most this month amid speculation the People’s Bank of China will rein in intervention now that the currency is on the cusp of...
View ArticleWary of capital outflows, Japan urges China to go slow on yuan reform
Japan has expressed concern to China about the pace of capital outflows from the country and has suggested Beijing moves very slowly in reforming its currency system to avoid repeating Japan’s past...
View ArticleRenminbi's IMF backing to spur market access
China looks set to have its renminbi admitted to the the International Monetary Fund's basket of currencies, in a major milestone for Beijing with big implications for the international monetary order....
View ArticleWhy the IMF's Likely Recognition of the Yuan Will Matter
The move to include the currency in the SDR basket will help China reform and play a bigger role on the world's financial stage By Shen Jianguang Christine Lagarde, head of the International Monetary...
View ArticleYuan Forwards Halt Drop on IMF Support as Capital Outflows Ease
Yuan forwards halted a three-day losing streak after International Monetary Fund staff recommended the currency be added to the institution’s basket of reserve currencies. Twelve-month non-deliverable...
View ArticleYuan expected to join global basket
Move to become 5th currency is supported by IMF staff, a signal banks can have confidence Central banks around the world will likely hold more assets in Chinese currency in the future to diversify...
View ArticleChinese yuan weakens
Beijing, Nov 16 (IANS) The central parity rate of the Chinese currency renminbi (yuan) weakened by 95 basis points to 6.375 against the US dollar on Monday, according to the China Foreign Exchange...
View ArticleChina welcomes IMF backing to include RMB in SDR
China's central bank has welcomed a statement by the International Monetary Fund chief, Christine Lagarde, which supports a review of Special Drawing Rights basket of currencies once every 5 years. ......
View ArticleChina stocks weaker by mid-session close on Paris attacks, margin trade...
Hong Kong stocks clawed back sharp losses at Monday’s open, but still settled the morning trade modestly lower, as investors digested the impact on financial markets of Friday’s attacks in Paris and...
View ArticleHong Kong stocks knocked lower in cautious, risk-off mood on Paris attacks
Hong Kong stocks clawed back sharp losses at Monday’s open, but still settled the session with a sizeable loss, as investors digested the impact on financial markets of Friday’s attacks in Paris and...
View ArticleChina, Hong Kong stocks rise, following Wall Street as terrorism fears fade
SHANGHAI: China and Hong Kong stocks rose strongly on Tuesday morning, taking cues from a strong overnight rally on Wall Street as fears from Friday's terrorist attacks in Paris fade. Investors instead...
View ArticleChina Could Share IMF Basket With the Globe's Strongest Currencies
The inclusion of China's currency, the renminbi, in the IMF's basket of reserve currencies is almost certain after last week’s statements from the Fund; however, the positive effects of the move might...
View ArticleReadout from a Treasury Spokesperson of Secretary Lew’s Meeting with Chinese...
(Source: US Department of the Treasury) ANTALYA, TURKEY - U.S. Treasury Secretary Jacob J. Lew met today with Chinese Vice Premier Wang Yang and Finance Minister Lou Jiwei on the sidelines of the G-20...
View Article10 things you need to know today
Good morning. Here's what you need to know. Terror in Paris. Late Friday, 129 people were killed after a series of terrorist attacks in Paris. Many more were injured. And suspects remain at large. The...
View Articleneed2know: Sentiment sinks
The ASX 200 is expected to extend its slide at the open in the wake of the Paris attacks and on bearish bets on commodities. What you need2know SPI futures down 37pts at 4997 AUD at 71.11 US cents,...
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