with markets keenly awaiting bank earnings later in the day. China's move comes after U.S. President Donald Trump on Thursday ramped up pressure on the country by lifting tariffs to an effective ...

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Investing.com -- Fitch Ratings has updated the outlook of China Construction Bank (OTC:CICHF) (New Zealand) Limited's (CCB NZ) Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings ...

Investing.com -- Fitch Ratings has updated the outlook of China Construction Bank (OTC:CICHF) (New Zealand) Limited’s (CCB NZ) Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings ...

Investing.com -- Fitch Ratings has updated the outlook of China Construction Bank (OTC:CICHF) (New Zealand) Limited's (CCB NZ) Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings ...

China's central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce US dollar purchases, people with direct knowledge of the matter said on Wednesday.

China's central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce US dollar purchases, people with direct knowledge of the matter said on Wednesday. The directive ...

Amidst escalating trade tensions with the U.S., China's central bank is actively managing the yuan's value. The People's Bank of China (PBOC) is discouraging sharp declines by instructing state-owned ...

Alex Frangos fields subscriber questions about tariffs, including President Trump’s strategy targeting China. In the years since President Trump’s first trade war with China, Beijing has built ...

(Reuters) - China's central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce U.S. dollar purchases, people with direct knowledge of the matter said on Wednesday.

The People’s Bank of China had set its daily reference rate for the currency at 7.2038 per dollar on Tuesday, the weakest since September 2023.