Yuan

US dollar keeps a grip on 150 yen; China cut leaves yuan unruffled
US dollar keeps a grip on 150 yen; China cut leaves yuan unruffled
February 20, 2024
THE greenback traded above 150 yen for a sixth day on Tuesday (Feb 20), as investors grew less certain that Japan’s era of ultra-low rates will end any time...
China state banks earmark 60 billion yuan for property projects
China state banks earmark 60 billion yuan for property projects
February 19, 2024
CHINA’S state-owned lenders have earmarked at least 60 billion yuan (S$11.4 billion) of loans for property projects eligible for support, heeding Beijing’s call to boost lending to the beleaguered...
China set to bide time on rate cut until yuan, data stabilise
China set to bide time on rate cut until yuan, data stabilise
February 16, 2024
CHINA’S central bank is poised to keep cash conditions and monetary policy broadly stable as policymakers focus on a weakening currency. The People’s Bank of China (PBOC) will leave...
Zoom CEO Eric Yuan Takes 98% Pay Cut Amid Layoffs
February 8, 2023
Zoom CEO Eric Yuan told employees in an email on Tuesday that he would cut his own salary by 98% and not take a bonus amid a layoff announcement...