China’s currency on Tuesday hit its lowest level against the greenback in 11 months amid concerns that …
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People’s Bank of China
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Banks
China’s c.bank chief calls Beijing to promote equity, cut debt, eliminate ‘zombie’ companies
by Yomna Yasserby Yomna YasserChina’s central bank chief spelled out his strategy to prevent a future financial crisis, urging broadened equity …
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Financial Institutions
China and emerging markets have to stay ‘vigilant’ to possible risks: IMF
by Yomna Yasserby Yomna YasserAs the International Monetary Fund’s annual meeting drew to an end over the weekend, Tao Zhang, the …
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Banks
Bitcoin price falls $200 after new ruling from Chinese regulators
by Yomna Yasserby Yomna YasserThe price of bitcoin dropped sharply after Chinese regulators announced a ban on organizations from raising funds …
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China will allow foreign investors to have direct access to its massive bond market from Monday, the …
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Banks
China FX reserves fall more than expected to $2.998 trillion in Jan, near 6-year low
by Yomna Yasserby Yomna YasserChina’s foreign exchange reserves unexpectedly dropped below the closely watched $3 trillion level in January for the …
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Banks
China c.bank raises short-term interest rates in fresh tightening signal
by Yomna Yasserby Yomna YasserChina’s central bank has surprised financial markets on Friday by raising short-term interest rates on the first …
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China’s central bank is playing a dangerous game using the country’s foreign reserves to prop up the …
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Egypt’s second-largest bank, the state-owned Banque Misr has signed a memorandum of understanding with the Industrial and …
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forex news
China’s yuan falls to its lowest in nearly eight years as dollar jumps after US election
by Yomna Yasserby Yomna YasserChina’s currency dropped on Tuesday to nearly eight-year lows against the dollar as a rise in the …