China Pushes Back Against Yuan Weakness After Last Week’s Slide
China reaffirmed its support for the yuan after the currency’s slide last week fanned speculation policymakers would allow it to depreciate faster.
'I don’t want war with Elon Musk,' says Nigel Farage after US tycoon said he shouldn't be Reform leader
Nigel Farage said he did not want to “go to war” with US billionaire Elon Musk who said he should be replaced as Reform UK leader having previously backed him. Farage said he instead wanted to “mend broken fences” and made clear he would seek to do this when he travels to America for four or five days and Donald Trump’s inauguration as US president later this month.
Elon Musk branded ‘greatest entrepreneur of all time’ by Reform UK chair after billionaire’s shock Nigel Farage intervention
Reform UK Chairman Zia Yusuf has hailed Elon Musk as "the greatest entrepreneur of all time by some distance", despite the tech billionaire's recent criticism of party leader Nigel Farage. Speaking to GB News,
Elon Musk Turns on Farage, China Pushes back Against Yuan Weakness | The Opening Trade 01/06
Elon Musk, a key advisor to US President-elect Donald Trump, attacked Nigel Farage, leader of the Reform UK party, saying he "doesn't have what it takes" and should be replaced. China's central bank reaffirmed its support for the yuan,
The Daily T: Is Elon Musk right to attack Nigel Farage?
It feels like just yesterday the X owner and the Reform leader were pictured together at Mar-a-Lago. Now Elon Musk has publicly attacked Nigel Farage, saying he “doesn’t have what it takes” to lead the party and should be replaced.
China hurries to shore up sliding yuan and stock markets
China's stock exchanges and central bank rushed to defend a tumbling yuan and falling stock markets on Monday, trying to ...
China’s central bank rhetoric on yuan stability takes aim at depreciation risks
An exchange rate of 7.6 to the US dollar by the end of 2025 could be on the cards, analysts say, as Donald Trump’s impending ...
Metals Fall Even as China Shows Support for Under-Pressure Yuan
Aluminum and zinc held near their lowest levels in more than three months as China signaled support for its currency in the ...
Yicai Global1d
China’s Central Bank, Forex Regulator Signal Commitment to Steady Yuan Exchange Rate
The PBOC is likely to cut the reserve requirement ratio by 50 bps in the first and third quarters this year to support ...
gulftoday2d
China’s yuan briefly hits weakest against dollar since Nov 2023
China’s yuan hit a 14-month nadir on the first trading day of 2025, but it quickly bounced from lows of 7.31 per dollar, ...
Yuan Traders Look to PBOC Fixing to Gauge Level of FX Support
The yuan weakening past a level that China had been defending throughout December has returned the spotlight to its daily ...
China’s Widest-Ever Yield Discount to US Pressures Sluggish Yuan
China’s yield discount to the US has expanded to a fresh record, aggravating the challenge for a central bank that’s already ...
China's markets had a shaky start to the year, including a blow to 2 major tech companies
The Pentagon has designated two major high-profile tech companies — Tencent and CATL — as Chinese military companies ...
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Bitcoin Price Rally Could Be Accelerated by China's Market Meltdown, Crypto Observer Says
On Monday, the CSI 300, a blue-chip index for mainland China's stock exchanges, fell to the lowest since September. The ...
China's Minimum Wage Rose 170% Since Americans' Last Bump Up
According to Trading Economics, citing the country's Ministry of Human Resources and Social Security, China's minimum monthly wage stood at 960 yuan renminbi in 2009, equating to roughly $131 that ...
How does PBOC’s yuan fixing impact global FX markets?
The PBOC’s daily yuan fixing influences global FX markets, impacts trade balances, and shapes currency trends across Asia and ...
China Maintains Grip on Yuan With Fix Stronger Than 7.2 Level
China reaffirmed its support for the yuan after allowing the currency to slip below a key support level in the last ...