China’s central bank lowered the interest rate charged on its one-year policy loans by the most on record, kicking off a sweeping program to revive confidence in the world’s second-largest economy.
The dollar hit a 14-month low against the euro on Wednesday as traders bet that the Federal Reserve will make another large ...
The yuan reached its highest level in over a year on Wednesday following interest rate cuts and new measures from China’s ...
The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 4.19% higher at 709 ...
The offshore yuan exchange rate also surpassed a key threshold of 7 yuan per US dollar for the first time since May 2023.
The yen lost ground to major currencies on Wednesday, while the yuan hit its strongest level in over a year, as China's ...
Mainland Chinese blue chips gained 1.5%, adding to a 4.3% jump in the prior session. Hong Kong's Hang Seng climbed 0.7%, adding to Tuesday's 4.1% surge. While market players welcomed the stimulus, ...
Upside Risks to Inflation 'Remain Prominent,' Fed's Bowman Says; China Delivers Another Rate Cut By Hardika Singh Inflation remains more of a concern than potential weakness in the labor market, ...
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar ...
DBS Group Chief Executive Piyush Gupta said on Wednesday it is in the process of increasing ownership in its China securities ...
BEIJING - Chinese stocks closed higher on Wednesday, buoyed by a raft of stimulus policies announced by authorities on ...
Chinese homeowners struggling to repay their loans hailed Beijing's decision to cut mortgage rates by a half point, though ...