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Yuan devaluation News

31 Aug 2017

China's yuan posts best month since 2005 revaluation

China`s yuan eased on Thursday but posted its biggest monthly gain at the month-end, in percentage terms, since the Chinese currency was revalued and taken off a fixed dollar peg in 2005.

US Federal Reserve

24 Jul 2017

China's debt spectre could haunt Fed's policy meetings

Two years ago, it was a collapse in Chinese stocks, a surprise yuan devaluation and shrinking foreign exchange reserves that roiled financial markets that delayed the Fed, but it did raise rates three months later and has tightened further since.

27 Jun 2016

China cuts yuan fix in biggest downward move since devaluation

China weakened the yuan's fixing almost one percent to a five-and-half-year low against the dollar today, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.

China central bank

04 May 2016

China cuts yuan fix in biggest move since devaluation

China only allows the yuan to rise or fall two percent on either side of the daily fix, one of the ways it maintains control over the currency.

06 Mar 2016

China says economy will "absolutely not" experience hard landing

China`s economy isn`t headed for a hard landing and isn`t dragging on the global economy, China`s top economic planner said on Sunday, but uncertainty and instability in the global economy do pose a risk to the country`s growth

India's Exports

08 Jan 2016

Yuan devaluation worrying for Indian exports: Nirmala

Commerce and Industry Minister Nirmala Sitharaman said the devaluation of the yuan will make imports cheaper from China to India.

07 Jan 2016

Oil slides below $33 to near 12-year low as China turmoil rattles investors

Oil fell below $33 a barrel on Thursday for the first time since April 2004 as a fall in Chinese shares rattled investors already concerned by near-record production and massive stockpiles of unwanted crude and refined products.

India's stock market

07 Jan 2016

Worst crash of 2016: Why Sensex went on a free fall

The NSE Nifty too plunged headlong as it went below the 7,600-mark by falling 172.70 points, or 2.23 percent, on massive selling across sectors.

23 Sep 2015

China's economic pain can't be India's gain: Chinese media

China's economic pain cannot be India's gain as both economies are not at the same level of development, according to an article in a state-run Chinese daily which said a view that India can take advantage of China's turmoil may cause "unnecessary jitters" between them.

17 Sep 2015

Goldman Sachs chief Lloyd Blankfein `would not invest in China`

The chairman of investment banking giant Goldman Sachs has slammed China`s handling of its economy, adding he would not currently invest in the country, the Wall Street Journal reported Thursday.

Nirmala Sitharaman

11 Sep 2015

Govt keeping close watch on dumping: Sitharaman

The government is keeping a close watch on dumping in view of recent devaluation of Chinese currency, Commerce Minister Nirmala Sitharaman said Friday.

11 Sep 2015

Yuan devaluation: Sensex fifth largest loser with 7.5% plunge

Global markets, including Indian, have been on a downward trend ever since the news of the slowdown in China took centre-stage.

11 Sep 2015

China bank lending falls back in August

China`s bank lending retreated in August, the central bank said Friday, after a sharp rise in July when the government directed funds into the stock market.

10 Sep 2015

China to launch new crude oil benchmark

China plans to launch a yuan- denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday.

09 Sep 2015

China to step up fiscal incentives to boost growth

China will adopt "stronger" fiscal policies to support growth, Beijing said as it seeks to sooth increasing fears about the world`s second-largest economy following turmoil in domestic and overseas markets.

07 Sep 2015

China announces policies to boost financial leasing

The Chinese government on Monday rolled out measures on financial leasing following a top-level meeting chaired by Chinese Premier Li Keqiang in August that resulted in the decision to boost the sector to help cash-strapped firms.

07 Sep 2015

China forex reserves decline on currency efforts: Bloomberg

China's foreign exchange reserves fell by a record USD 93.9 billion last month, reports said, as Beijing sold dollars to support its own currency following jitters over a sudden devaluation.

29 Aug 2015

China defends Yuan devaluation, sees 'limited' impact

China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment".

India's economy

28 Aug 2015

Global turmoil an opportunity for India to overtake China: Foreign Media

Seeing an opportunity in the recent turmoil in China's equity and currency markets, Foreign media is saying India can overtake China as the driver of world economy.

27 Aug 2015

'Don't blame yuan devaluation for global market rout'

China`s devaluation of its yuan currency should not be made a scapegoat for the recent global stock market rout, a senior Chinese central bank official told Reuters on Thursday.

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