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Rivian to relocate staff to Illinois EV plant to accelerate production
Finances

Exclusive-China’s state banks seen selling dollars offshore to slow yuan declines

© Reuters. FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo SHANGHAI (Reuters)

The Man Charged With Steering the Yuan Through China's Economic Turmoil
Business

The Man Charged With Steering the Yuan Through China's Economic Turmoil

Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks. Source link

Australia would not allow AT1 debt security holder wipe-out -minister
Stock Market

China fines Ant 7.1 billion yuan By Reuters

© Reuters. FILE PHOTO-Ant Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song BEIJING (Reuters)

King Dollar Still Looks Safe From the Yuan
Finances

King Dollar Still Looks Safe From the Yuan

Markets Heard on the Street Weaponizing the dollar creates incentives for change. But as an alternative, the yuan still has serious limitations. Source link

Rivian to relocate staff to Illinois EV plant to accelerate production
Finances

China’s new yuan loans seen rebounding in March: Reuters poll By Reuters

© Reuters. FILE PHOTO: Woman holds Chinese Yuan banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration BEIJING (Reuters) – China’s new yuan loans

Nervousness over banks sends euro 1% lower despite PMI By Reuters
Finances

CME debuts offshore yuan options to tap rising trading demand By Reuters

© Reuters. FILE PHOTO: Men enter the CME Group offices in New York, U.S., October 18, 2017. REUTERS/Brendan McDermid/File Photo By Georgina Lee HONG KONG