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News For Chinese Yuan

Analysis - China's offshore yuan market spurs FX volatility - Reuters

By Gabriel Wildau | SHANGHAI (Reuters) - After two years of promoting greater international use of the yuan, China has a currency -- like it or not -- that is influenced more than ever by the fickleness of global markets. When the yuan exchange rate ...

China Yuan Up Late On Greece Bailout Deal - Wall Street Journal

SHANGHAI (Dow Jones)--China's yuan rose against the US dollar late Tuesday as risk sentiment rose after Europe sealed a fresh Greek bailout deal, but the Chinese central bank's reluctance to let its currency rise capped the yuan's gains.

China Will Participate in Europe Rescue Plan, IMF's Syed Says - BusinessWeek

22 (Bloomberg) -- Murtaza Syed, the International Monetary Fund's resident representative in Beijing, comments on China's participation in solving Europe's sovereign-debt crisis, the value of the yuan and the increasing global use of the Chinese ...

China announces currency swap deal with Turkey - AFP

BEIJING — China's central bank announced Tuesday that it had signed a 10 billion yuan ($1.59 billion) currency swap deal with Turkey, in its latest effort to promote international use of the Chinese currency. The swap deal was signed with Turkey's ...

Aussies can gain from rise of Chinese yuan, says ANZ bank chief - The Australian

ANZ Banking Group chief executive Mike Smith says moves by the Chinese government to use the renminbi as the core tool for trade in the next five years could see it become the trading currency of the region, providing a "massive opportunity for ...

HP, Dell watch rising China labor costs for Apple - Reuters

Taiwan-based Foxconn said the pay of a junior level worker in Shenzhen, southern China, had risen to 1800 yuan ($290) per month and could be further raised above 2200 yuan if the worker passed a technical examination. It said that pay three years ago ...

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