Mon Feb 15, 2016/Reuters By John Geddie World stocks rose sharply on Monday as China’s central bank fixed the yuan at a much stronger rate and oil cemented recent gains, easing fears of global deflation. The rally belied a string of poor economic data from Beijing and Tokyo as demand […]
Tag: Yuan
IFC to Issue 1 Billion Renminbi-Denominated Bond in London, Supporting Internationalization of Chinese Currency
IFC, a member of the World Bank Group, will issue a 1 billion renminbi-denominated bond (equivalent to about $165 million) next month to increase foreign investment in China and support the internationalization of the Chinese currency. The issuance marks the largest on the London Stock Exchange by a multilateral institution. […]
GLOBAL MARKETS-Yuan drops most in 3 years, Wall Street near all-time high
* Yuan sees biggest drop in almost three years after PBOC moves * Contrasts with world stocks at 6-year high; Wall St opens at peak * Gold holds recent gains, major currencies rangebound The repatriation of investors’ cash into developed markets was underscored on Tuesday as Wall Street opened […]
