Chinese Renminbi News

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Chinese Renminbi News is an EIN News Service for banking industry professionals. Constantly updated news and information about banking.

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HK to begin yuan settlement trial 25 Nov 2009 00:13 GMT
... The State Council, or China's Cabinet, has selected Hong Kong to begin ... of a pilot program that allows the yuan to be used as the settlement currency ... trials will help boost trade between the Chinese mainland and Hong Kong, Shanghai based Securities Times ...
Obama Takes A Bow, Snubs Adam Smith 25 Nov 2009 01:16 GMT
... when they prescribe the cure for imbalances: China needs to save less, the U.S. needs to ... President George W. Bush hectored China about currency manipulation.” With cup in hand extended to ... flexible currency regime – China pegs the yuan to the dollar. Maybe its soaring money supply will. The People’s ...
HK shares seen rising; power firms, IPOs in focus 25 Nov 2009 02:00 GMT
... companies said they would adjust tariffs following China's announcement last week that it would raise ... Fantasia Holdings Group Co ( ), a Chinese property developer, and Sany Heavy Equipment ( ), ... plants lowered by 0.30 percent or 1.29 yuan per MWh. The adjustment took effect from ...
Chief of I.M.F. Urges Continued Stimulus Efforts 25 Nov 2009 00:10 GMT
... “A premature exit is the main danger,” , ... said that appeared “somewhat overvalued,” while the renminbi was “still undervalued.” A rise in the ... A rise in the value of the Chinese currency would be a logical element in ...
Premier Wen meets the press 25 Nov 2009 00:13 GMT
... Chinese Premier Wen Jiabao met the press at the ... reporters at the conference. The 1.18 trillion yuan from the central government is a totally ...
Market ends win streak on liquidity woes 25 Nov 2009 02:32 GMT
... Bank of China dropped 2.3 percent to 4.25 yuan. The nation's third largest by market value said it is ... 300 Index lost 3.2 percent to 3548.08. Foreign-currency stocks in China also declined. The Shanghai ...
Market ends win streak on bank liquidity woes 25 Nov 2009 02:32 GMT
... Bank of China dropped 2.3 percent to 4.25 yuan. The nation's third largest by market value said it is ... 300 Index lost 3.2 percent to 3548.08. Foreign-currency stocks in China also declined. The Shanghai ...
HKMA sells HK$5.813 bln to keep HK dlr in trading band 25 Nov 2009 00:14 GMT
... and very low interest rates make asset prices attractive and on market expectations that China could soon resume appreciation of its yuan currency. According to data on Reuters page, the latest intervention will lift the aggregate balance ...
Economist: China should give yuan a boost 24 Nov 2009 01:27 GMT
... Economist: China should give yuan a boost Beijing -- A UBS AG economist based in China ... that could result from an influx of currency speculation. Economist Wang Tao said, "China's economic ...
China to keep yuan exchange rate steady 24 Nov 2009 11:33 GMT
... China on Tuesday said it will keep its currency’s ... to counter the global financial crisis, the renminbi exchange rate has been kept basically stable ... restatement of China's long-standing policy towards the yuan, also known as the renminbi. But the ...
China to keep yuan basically stable 24 Nov 2009 09:20 GMT
... China will keep the yuan's exchange rate basically stable at a reasonable ... towards the yuan, also known as the renminbi. But the same phrasing was conspicuously absent ...
EU to push China for stronger yuan 24 Nov 2009 19:14 GMT
... of top European Union policymakers troops to China this weekend to press the case for a stronger yuan. Their chances of success are as dim ... wrote in the latest issue of the Chinese Journal of European Studies. ...
PREVIEW-EU has faint hope in quest for stronger yuan 24 Nov 2009 09:55 GMT
... of top European Union policymakers troops to China this weekend to press the case for a stronger yuan. Their chances of success are as dim ... wrote in the latest issue of the Chinese Journal of European Studies. 'A state's forex reserves ...
EU has faint hope in quest for stronger yuan 24 Nov 2009 12:34 GMT
... of top European Union policymakers troops to China this weekend to press the case for a stronger yuan. Their chances of success are as dim ... wrote in the latest issue of the Chinese Journal of European Studies. "A state's forex reserves ...
The rise of the renminbi 24 Nov 2009 16:37 GMT
... China is making a big push to encourage ... greater international use of its currency, the renminbi. It has an agreement with Brazil to ... in Hong Kong. Then, in September, the Chinese government issued in Hong Kong around $1 ...

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EIN News Columnists

Fear And Anger Stalks The Land; Will President Obama Learn to Manage It Or Become Its Victim? (Joe Rothstein's Commentary) [25 Nov 2009 - 03:01]
China's 'Capitalism:' A Rigged Game (Joe Rothstein's Commentary) [17 Nov 2009 - 11:59]

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Bank Bailout News

Secret bank rescue loans revealed [25 Nov 2009 - 02:32]
The Auto Channel Calls for Investigation of General Motors Bankruptcy and Bailout Scam [25 Nov 2009 - 00:31]
Bank Of England Reveals Secret Bailout Loans [24 Nov 2009 - 22:31]
Banking rescue was no time for niceties [24 Nov 2009 - 22:01]
Banking Sector Bailouts the Biggest Tax Payer Rip-off of All Time [24 Nov 2009 - 21:59]

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Bank Types News

Mo. banks post 3rd quarter loss, S&L groups post profits; foreclosures hurt commercial banks [24 Nov 2009 - 23:34]
Dubai Bank Named Best Islamic Bank' by Ethos [24 Nov 2009 - 20:35]
United SA completes seventh San Antonio credit union office [24 Nov 2009 - 19:31]
Conservatives plan to create 'green investment bank' [24 Nov 2009 - 18:04]
FDIC: Commercial Banks' Profit Rise [24 Nov 2009 - 18:04]

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Central Banks News

Are central banks done cutting gold reserves? [25 Nov 2009 - 01:54]
US central bank issues rosier outlook on economy [25 Nov 2009 - 01:37]
US central bank issues rosier outlook on economy (Extra) [24 Nov 2009 - 22:31]
EXTRA: US central bank issues rosier outlook on economy [24 Nov 2009 - 22:01]
Central bank outsourcing hits right note [24 Nov 2009 - 21:03]

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Currency News

Tesco demands refund after paying nearly £1m for six bikes [25 Nov 2009 - 02:35]
Financial: Japan Oct Crude Import Bill 643.6 Billion Yen [25 Nov 2009 - 02:35]
FOREX-Dollar near 6-week low on yen, Aussie heads higher [25 Nov 2009 - 02:15]
Campaign Deplores Gov. Paterson's Penny Wise/Pound Foolish Decision to Cut Funding for New York Stat [25 Nov 2009 - 02:15]
Tesco demands refund after paying nearly £1m for six bikes [25 Nov 2009 - 01:56]

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IMF

IMF boosts lending scheme to US$600b [25 Nov 2009 - 02:32]
IMF boosts lending scheme to 600 billion dollars [25 Nov 2009 - 01:55]
IMF boosts lending scheme to US$600b [25 Nov 2009 - 01:53]
Value of IMF gold bought by RBI jumps Rs 3,270 crore in 20 days [25 Nov 2009 - 01:37]
IMF boosts lending scheme to 600 billion dollars [25 Nov 2009 - 01:36]

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World Bank News

World Bank gives Mexico nearly $2 billion in loans to support reforms, flu programs [25 Nov 2009 - 02:15]
World Bank to start agriculture fund with $1.5 billion [25 Nov 2009 - 01:54]
World Bank to start agriculture fund with $1.5 billion [24 Nov 2009 - 23:16]
Poor road safety conditions threaten economic and social well-being of Europe and Central Asia countries; New World Bank Report Will Help Bring Into Action Agreements Reached at the First Global Conference on Road Safety [24 Nov 2009 - 19:31]
DC agrees to $13M settlement with protesters arrested at 2000 World Bank, IMF meetings [24 Nov 2009 - 14:45]

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Banking Organizations News

Strong banks, weak credit: Treasury rethinks TARP [25 Nov 2009 - 02:35]
Dan Goldie Financial Services Supports Extending IRA Charitable Rollover Provision [25 Nov 2009 - 01:52]
Wainwright Bank & Trust repays US Treasury's TARP funds [25 Nov 2009 - 01:36]
Bulgaria President: Finance Minister Is Liar, Drained My Account [25 Nov 2009 - 01:13]
BRIEF-Wainwright Bank and Trust repays Treasury's $22 mln preferred stock investment under CPP [25 Nov 2009 - 00:29]

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Banking Regulation News

The Prevention Of Money Laundering And Funding Of Terrorism Activities In Malta [24 Nov 2009 - 14:45]
House passes 'anti-money laundering' bill [24 Nov 2009 - 13:43]
Davie pastor, wife convicted of $7 million money laundering, mortgage fraud [24 Nov 2009 - 07:39]
Dodgy PayPal Money Laundering Set To Be Tracked [23 Nov 2009 - 23:14]
PayPal found in breach of Australian anti-money laundering rules [23 Nov 2009 - 17:27]

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Banking Products News

Illinois' credit card delinquencies were better than national average [25 Nov 2009 - 02:14]
U.S. Looks to Australia on Curbing Credit Card Fees [25 Nov 2009 - 01:56]
Get a Christmas present ... from your credit card [25 Nov 2009 - 01:54]
Credit Card Debt...What should I do? [25 Nov 2009 - 01:12]
Corporate bonds explained [25 Nov 2009 - 01:12]

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