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  • November 23, 2014
  • Last updated: 1:46pm
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Results 1 - 7 of 7 for renminbi

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  1. Business - Economy - TRADE

    Beijing faces mounting pressure to act over ballooning trade surplus

    Posted Nov 10th 2014, 04:48am by Victoria Ruan

    ... the huge trade surplus "suggests that the [renminbi] will likely strengthen further especially after the central bank has largely stepped away from active interventions in the FX market". ...

  2. News - China Insider - TRADE

    Russian roubles flow freely in Heilongjiang border city

    Posted Dec 09th 2013, 08:34pm by Chris Luo

    ... roubles to be freely circulated alongside renminbi. Suifenhe, a booming trade hub on the border with Siberia, is China’s first territory to accord a foreign currency the same legal status as renminbi in a pilot scheme, according to the official Xinhua news agency. The new measure allows Russian businessmen and tourists to use roubles to pay for shopping, meals and taxis.  Shops, ...

  3. Business - Economy - TRADE

    China not a currency manipulator, US says

    Posted Nov 28th 2012, 08:02am by Bloomberg

    ... officially known as the renminbi, and ended its peg to the US dollar in 2005, allowing the currency to become convertible for trade purposes, giving banks more freedom to set interest rates and allowing some foreign institutional investors access to the country’s stock and bond markets. “China’s overall trade deficit has come down while the renminbi has appreciated and is trading in both ...

  4. News - China - TRADE

    China and Switzerland sign free-trade pact

    Posted Jul 07th 2013, 12:00am by AFP, Bloomberg

    ... to become an offshore yuan trading centre in Europe, competing with Frankfurt and London to corner trade in the currency. "It is in Swiss interest to have a renminbi hub in the centre ... National Bank, we are interested in getting the chance to negotiate with the Chinese about a renminbi hub in the centre of Europe, in Switzerland," Schneider-Ammann said. "This free-trade ...

  5. Business - Economy - TRADE

    Osborne's Chinese bank concessions prompt check on British finance rules

    Posted Oct 17th 2013, 09:29am by The Guardian

    ... by the regulator. Osborne announced the plans this week during two days of talks with his Chinese counterpart, the vice-premier Ma Kai, as part of his goal of attracting more trading of the renminbi ...

  6. Business - Economy - TRADE

    Data on exports raises capital inflow concerns

    Posted Apr 10th 2013, 11:52am by Victoria Ruan

    ... at IHS Global Insights in a research note. "Some of the exports booked could be disguised capital inflows, with renminbi being moved into the country to benefit from the cyclical ...

  7. Business - Companies - TRADE

    Man Wah Holdings predict double-digit export growth

    Posted Dec 29th 2012, 12:00am by Toh Han Shih

    ... and the US mortgage meltdown, despite renminbi appreciation," said Barr. Man Wah's US sales have soared to nearly US$400 million this year from US$10 million seven years ago when it entered ...



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