China devalues its currency Yuan: What will be the worldwide impact

Last Updated: Wednesday, August 12, 2015, 09:40

China cut the value of the yuan against the dollar for a second consecutive day.

China cuts yuan rate against US dollar for second 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.

China yuan devaluation to hit India's exports: FIEO

Last Updated: Tuesday, August 11, 2015, 21:57

India's exports will be hit and the trade deficit might widen after the devaluation of Chinese currency yuan by 2 percent, which is bound to raise the competitiveness of outbound shipments from the neighbouring country, exporters' body FIEO said Tuesday.

China announces sharp fall in value of yuan currency

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.

China to issue new 100-yuan bank note

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.

IMF staff urges no rush to add China yuan to currency basket

Last Updated: Wednesday, August 5, 2015, 11:29

The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms.

China says recovered 38.7 billion yuan in graft losses

Last Updated: Wednesday, July 29, 2015, 09:19

China has recovered 38.7 billion yuan ($6.2 billion) in losses from graft, state media reported, as the leadership pursues a campaign against pervasive corruption.

China plans to launch yuan gold fix by end of 2015

Last Updated: Thursday, June 25, 2015, 15:28

The first public confirmation made by an exchange official comes after Reuters cited sources in February on the proposal for the fix to be set through trading on the SGE, the world`s biggest physical bullion exchange.

Chinese Yuan still undervalued: US Jack Lew

Last Updated: Wednesday, May 27, 2015, 23:17

The United States still believes China`s yuan currency is undervalued, unlike the International Monetary Fund, US Treasury Secretary Jack Lew said Wednesday.

China`s yuan currency `no longer undervalued`: IMF

Last Updated: Tuesday, May 26, 2015, 17:17

China`s vast and regular trade surpluses have seen it accumulate the world`s largest foreign exchange reserves, which stood at $3.73 trillion at the end of March.

China seeking yuan role in IMF reserve currency

Last Updated: Thursday, March 12, 2015, 16:57

China is in talks with the International Monetary Fund for the Washington-based institution to add the yuan to its basket of reserve currencies, a top banking official said Thursday as Beijing seeks a greater global role for the unit.

Samsung, China trade deal give boost to South Korea's yuan hub ambitions

Last Updated: Wednesday, February 25, 2015, 13:35

South Korea became the third country in the world to begin direct trading of the yuan for a local currency in December under the aim of grabbing a larger share of the growing business opportunities involving the yuan outside China.