Showing 1 - 6 of 6
Bangkok ‘most at risk’ for spread: Virus update
Bloomberg News, Published on 03/02/2020
» China tried to come to grips with the expanding coronavirus outbreak, with the death toll climbing as residents returned from the Lunar New Year holidays.
Yuan’s slump puts Asia’s rate-cutting central banks on alert
Published on 05/08/2019
» China’s decision to weaken its currency amid an escalating trade war will put Asian central banks on the defensive as they gauge how much monetary-policy easing their economies can withstand.
The devalued yuan and China's faltering economic transition
Asia focus, Published on 24/08/2015
» On Aug 11, the People's Bank of China (PBOC) undertook the largest single-day devaluation in 20 years by pushing down the value of the yuan by 1.9% against the US dollar. That was followed by two more days of reference-rate adjustments that knocked almost 4% off the value of the currency. At that point, Beijing assured nervous global markets that it was satisfied with the new rate around 6.4 to the dollar and would aim for "stability" going forward.
Prasarn: Let market forces drive baht
Business, Pathom Sangwongwanich, Published on 17/08/2015
» The Bank of Thailand would let market mechanisms determine the baht's value rather than weaken it despite pressure from the recent yuan devaluation.
Asian, European shares up as yuan slump fears ease
Published on 13/08/2015
» HONG KONG/LONDON — Asian shares staged a relief rally Thursday and regional currencies gained after China reassured markets it would not allow the yuan to plummet after a surprise devaluation this week.
China to start cross-border payment system
Published on 11/06/2015
» China will start a cross-border payment system for the yuan by the end of the year as it seeks to promote its global use.