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  • NEWS

    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.


    Stocks suffer from Yuan shock before late rally

    Business, Published on 17/08/2015

    » Recap: The move by China's central bank to devalue the yuan by adjusting its reference rate sent the currency down 4.6% and sent shockwaves through global financial markets. The Thai stock market slipped below 1,400 on Thursday before a bargain-hunting rally on Friday.


    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.


    Yuan devaluation boosts Chinese shares

    AFP, Published on 11/08/2015

    » HONG KONG - Asian shares were mixed on Tuesday, with Shanghai and Hong Kong boosted by news China's central bank is devaluing its currency while other regional markets fell.

  • NEWS

    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.


    Baht surges to 5-year high near 31

    Business, Published on 21/02/2019

    » The baht soared to its highest level against the dollar in more than five years on Wednesday, on hopes that the US and China would be able to secure a trade deal and avert retaliatory tariffs. Analysts expect the local currency to continue marching past the 31-baht mark.


    Adjusting to the new China

    Asia focus, Erich Parpart, Published on 12/03/2018

    » The National People's Congress of China opened its annual legislative gathering last Monday with Prime Minister Li Keqiang announcing a conservative 2018 economic growth target of around 6.5%, and the biggest rise in military spending in three years. The budget for the People's Liberation Army is rising 8.1% to 1.1 trillion yuan or US$175 billion.


    Year of turbulence

    Asia focus, Published on 31/12/2018

    » Two unpredictable men with weird haircuts and access to nuclear weapons had a friendly chat in Singapore -- and that was just one of the many noteworthy stories of 2018. Elsewhere in Asia, we witnessed some surprising political developments (Malaysia) and not-so-surprising ones (Cambodia), along with what seemed to be a disturbingly high number of natural disasters. Many see the latter as a manifestation of the growing impact of climate change, and it's a debate that is bound to intensify in the year ahead. Below, Asia Focus looks back on the eventful year now ending.


    China loses its Silicon Valley link

    News, Shuli Ren, Published on 11/12/2018

    » The death of a prominent Chinese scientist in the US has passed comparatively unnoticed beside the blizzard of global headlines devoted to the Huawei dispute, yet the tragedy bears upon another important aspect of Beijing's quest for technological leadership.


    The romance of the Siamese war elephant

    Life, Chris Baker, Published on 03/03/2017

    » 'Some so superb surpass a city's worth."

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