Articles tagged 'yuan'

China growth slowest in 25 years 19 January 2016 BEIJING - China's economy grew by 6.9% in 2015, compared with 7.3% a year earlier, marking its slowest growth in a quarter of a century. China's growth, seen as a driver of the global economy, is a major concern for investors around the world. Beijing had set an official growth target of "a...
RBZ dismisses yuan currency speculation 30 December 2015 HARARE - Reserve Bank of Zimbabwe governor John Mangudya says a social media message urging Zimbabweans to withdraw all their money in banks before 2016 should be dismissed with the contempt it deserves as it is meant to cause panic and despondency in the economy. “We don't know the intention ...
Zim squirms amid rand, yuan fluctuations 27 August 2015 HARARE - Zimbabwe's economy is squirming following the recent devaluation of the Chinese yuan and the declining South African rand, putting a dent on the country’s economic revival hopes, market experts say. This comes as the country — which ditched its own currency in 2009 in favour of a mult...
Chinese currency in record fall 12 August 2015 BEIJING - China's Central Bank has again cut the guiding rate for the national currency, the yuan, a day after Tuesday's record 1.9% devaluation. The move sent fresh shockwaves through Asian markets, but the bank has sought to calm fears, saying it was not the start of a sustained depreciation...
Zim banks pursue yuan, rupee supply 12 March 2014 HARARE - Zimbabwean banks are in negotiations with China and India for supply of the countries' currencies. This comes on the back of the Reserve Bank of Zimbabwe (RBZ)'s addition of four new currencies — Chinese yuan, Indian rupee, Japanese yen and Australian dollar  — to the country's multi-...