United Arab Emirates – The United Arab Emirates recorded total foreign trade of AED 5.23 trillion (USD 1.424 trillion) in 2024, a 49% increase from AED 3.5 trillion (USD 949 billion) in 2021, ...

China expectedly kept its loan prime rates unchanged Monday, as strong macro data allows its central bank room to focus on stabilizing the yuan amid trade tensions with the U.S. Stream Connecticut ...

China expectedly kept its loan prime rates unchanged Monday, as strong macro data allows its central bank room to focus on stabilizing the yuan amid trade tensions with the U.S. Stream NBC 5 for ...

The Executive Yuan and the Mainland Affairs Council should look into recent actions taken by the Lienchiang County (Matsu) Government to ensure they do not align with China’s “united front” rhetoric, ...

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China will not be able to wield a weaker yuan as a weapon in its deepening trade war with the U.S. due to concerns that such a move could trigger financial market instability, market watchers told ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

China is guiding the yuan weaker at a carefully orchestrated pace, as the central bank seeks to blunt some of the economic impact of the trade war without destabilizing financial markets.

The yuan was last 0.4% higher at 7.3955 in the offshore market, having sank more than 1% in the previous session and hitting its weakest level on record at 7.4288 per dollar in volatile trade.

In China, the PBoC set the USD/CNY fixing at 7.2066 this morning. This marks the fifth consecutive adjustment higher, reinforcing the view that a controlled weakening of the yuan (albeit not a ...

The rupee depreciated further on Tuesday tracking the weakness in Chinese Yuan and dollar demand by importers, said dealers. Foreign portfolio investors (FPIs), who have shifted back to a selling ...