Japan remains optimistic about economic growth despite disappointing GDP figures.Despite the downward revision of first quarter growth, the government is confident that the economy is on the road to steady recovery, citing positive signs in other economic indicators.
JapanremainsoptimisticabouteconomicgrowthdespitedisappointingGDPfigures.Despitethedownwardrevisionoffirstquartergrowth,thegovernmentisconfidentthattheeconomyiso
Chinese authorities are considering introducing a "counter-cyclical factor" to the existing pricing model of yuan's central parity rate against the U.S. dollar, the China Foreign Exchange Trade System (CFETS) said Friday.
India and the United States have sealed a pact for close cooperation and exchange of information in the field of cyber security.
Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure.
Indian border guards belonging to Border Security Force (BSF) Friday claimed it killed seven Pakistan Rangers personnel in skirmishes in Kashmir.
China's authorities have largely succeeded in its objective of revamping the foreign exchange mechanism to make the currency renminbi (RMB) more market-oriented and relative stable to a basket of currencies over the past year, thanks to improved policy communication, U.S. experts have said.
Today marks the one year anniversary of China’s exchange rate reform started from August 11, 2015, when the People’s Bank of China (PBOC) decided to launch reform on the central parity price mechanism of RMB, the Chinese currency. Over the past year, RMB has experienced three sharp fluctuations.
China has investigated a Japanese citizen on suspicion of threatening Chinese national security, confirmed the Chinese Ministry of Foreign Affairs on Saturday.
The International Monetary Fund said the yen’s surge this year has brought the Japanese currency closer to its fair value, in an assessment that contrasts with expressions of concern by the country’s policy makers about the exchange rate.
A senior HSBC Holdings Plc manager has been arrested and charged alongside a former foreign exchange executive with engaging in a scheme to front-run a $3.5 billion transaction by one of the bank's clients, U.S. prosecutors said on Wednesday.
The spot exchange rate of CNY/USD dropped below 6.7 last night, setting a new low since November 2010. Yesterday, the central parity rate of CNY/USD plummeted by 159 base points to 6.6961, a new low for a half and five years.
Britain's decision to leave the European Union (Brexit) could have important implications for the country's exchange rate and monetary policies, according to a senior J.P. Morgan economist.
According to the People’s Daily, as of 6:00 am, June 24 local time, votes of only 8 among the 328 electorates across Britain remained to be calculated. But the Leave camp won over half of the votes at 16,800,000, 1,200,000 votes more than the Remain camp. The Leave camp won the referendum, and Britain will leave the European Union.
China will establish a renminbi clearing bank in the U.S. in the future, said Yi Gang, deputy governor of the People's Bank of China (PBOC) Tuesday.
Over the past week, discussion on whether a Fed rates hike in June is possible or not continued to heat up. At the same time, the Brexit vote also kicks in the nerves of the market. Foreign exchange traders are on the alert to the two possible black swarm events likely to happen in June. To the concern of market, the RMB continues to lose its strength as the U.S. dollar rallies.
China and France have launched an exchange scheme under which 1,000 young people in China can apply for internships in enterprises in France.
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