Last Updated: Tuesday, August 25, 2015, 09:25
The White House has urged China which is facing one of the worst financial crises in decades - to continue to pursue financial reform and move rapidly toward a more "market-determined" exchange rate system.
Last Updated: Friday, August 14, 2015, 23:51
China's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to further loosen their controls to promote long-term growth.
Last Updated: Thursday, August 13, 2015, 11:12
China cut the reference rate for its currency for the third straight day on Thursday, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.
Last Updated: Wednesday, August 12, 2015, 17:59
The People's Bank of China (PBOC) said it will issue new 100-yuan bank notes starting November 12.
Last Updated: Wednesday, August 12, 2015, 17:57
Tuesday's devaluation by the world's second largest economy, the first since 1994, was effected amid slowing down of the economy which is hovering around seven percent and falling exports.
Last Updated: Wednesday, August 12, 2015, 12:17
China's new mechanism for determining the central parity of its currency "appears a welcome step" as it should allow market forces to have a greater role in determining the exchange rate, the IMF has said.
Last Updated: Wednesday, August 12, 2015, 10:22
Rupee remained on a downward trajectory due to appreciation of the dollar overseas after China devalued the yuan for the second straight day.
Last Updated: Wednesday, August 12, 2015, 09:40
China cut the value of the yuan against the dollar for a second consecutive day.
Last Updated: Wednesday, August 12, 2015, 09:22
China cut the value of the yuan against the dollar for a second consecutive day Wednesday, trimming the reference rate by 1.62 percent and sending a new shockwave through financial markets.
Last Updated: Wednesday, August 12, 2015, 00:32
"The devaluation will affect India's exports not only to China but to other countries also with increasing competitiveness of Chinese exports.
Last Updated: Tuesday, August 11, 2015, 10:11
China`s central bank on Tuesday announced a sharply lower daily reference rate for the yuan against the US dollar, saying it was part of moves to make its exchange rate regime more market-oriented.
Last Updated: Monday, August 10, 2015, 13:53
The People`s Bank of China (PBOC) on Monday announced that it would issue a new 100-yuan bank note from November 12, a media report said.
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