Latest Chinese yuan renminbi News

Asian shares bounce back, shrugging off inflation concerns

May. 13, 2022 01:06 AM EDT

Asian shares bounced back Friday from losses earlier in the week, shrugging off data showing U.S. wholesale prices soared 11% in April from a year earlier. The regional rally followed a mixed and muted close on Wall Street. Oil prices and U.S. futures also were higher. ...

Editorial Roundup: United States

May. 10, 2022 10:37 AM EDT

Excerpts from recent editorials in the United States and abroad: May 7 The Washington Post says Jan. 6 should have been a turning point in US politics A third member of the extremist Oath Keepers group pleaded guilty Wednesday to seditious conspiracy,...

Asian shares fall, trading muted with Good Friday, holidays

Apr. 15, 2022 07:02 AM EDT

TOKYO (AP) — Asian shares fell in muted trading as most world markets were closed for Good Friday and other holidays. Benchmarks declined in Tokyo, Seoul and Shanghai. Sydney, Manila, Bangkok and Hong Kong were among Asian markets observing holidays on Friday. U.S. and European...

Myanmar orders foreign money held by banks changed to kyats

Apr. 05, 2022 22:38 PM EDT

BANGKOK (AP) — An order by Myanmar’s central bank that all foreign currency in bank accounts must be converted into the local currency has many in the military-ruled country worried over potential losses. Businesses and individuals were told in a notice issued Sunday that as of...

Myanmar OKs use of Thai currency in border trade

Mar. 15, 2022 05:54 AM EDT

BANGKOK (AP) — Myanmar’s military-led administration has agreed to accept Thai baht as an official currency in border trade dealings and plans a similar arrangement for use of India’s rupee, seeking to limit the country's reliance on the U.S. dollar in trade. The State...

China eases control to let ruble fall faster against yuan

Mar. 10, 2022 06:49 AM EST

BEIJING (AP) — China is easing government exchange rate controls to let the Russian ruble fall faster in value against the Chinese yuan to help insulate Beijing from economic sanctions on Moscow. The margin by which the ruble is allowed to fluctuate against the yuan in...