The International Monetary Fund (IMF) just issued a warning to countries converting their dollar loans from China into yuan.
(Reuters) -U.S. Treasury Secretary Scott Bessent said he views China's yuan valuation as a bigger problem for Europe than the United States, as the currency has risen against the dollar but has ...
Only 10 percent of Russian traders have been able to pay suppliers for goods from China this month, their struggles further highlighting the risks of foreign business dealings during the Kremlin's ...
The heat is on the Chinese government to do something about its yuan problem. The 8.3 solution – the rate at which China’s currency is pegged to the American dollar – has become intolerable to the ...
Russian banks are running low on yuan, Bloomberg reported. That's forced Russian firms to pay more to access the currency. Yuan swap borrowing has doubled since June, Bloomberg calculated. An ...
A stronger currency helps combat rising prices, as Singapore's central bank can attest. While China's inflation, or lack thereof, isn't imports-based as much, a weaker yuan would still somewhat ...
BEIJING, Jan 4 (Reuters) - China has uncovered 530 billion yuan ($84.21 billion) worth of irregularities with local government debt, the National Audit Office said on Wednesday. An audit report, ...
WASHINGTON | Rep. Pete Visclosky, D.-Ind., co-sponsored a bill Monday that seeks to halt China's undervaluation of its currency, which proponents say hurts U.S. steel manufacturing and other ...