Menu

Search

Over the past decade, China has emerged as global superpower of economics and Geo-politics. Chinese currency Yuan has emerged as top contender to Challenge global dominance of Dollar. This year in Yuan might join International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket, strengthening Yuan’s position as global reserve currency. In this series, we discuss about China, its politics, economics, and vulnerabilities with a view of Renminbi.

Renminbi Series

Chinese yuan erases previous gain against U.S. dollar, bias remains slightly bullish

Jan 15, 2020 04:10 am UTC| Technicals

USD/CNY is currently trading around 6.8954 marks. It made intraday high at 6.8978 and low at 6.8835 levels. Intraday bias remains bullish till the time pair holds key support at 6.8835 mark. A sustained...

Renminbi Series

Chinese yuan strengthens on robust trade balance data, hits highest level since July 2019

Jan 14, 2020 04:45 am UTC| Technicals

USD/CNY is currently trading around 6.8729 marks. It made intraday high at 6.8937 and low at 6.8658 levels. Intraday bias remains bearish for the moment. A sustained close above 6.8923 marks will test key...

Renminbi Series

Chinese yuan rises gradually against U.S. dollar, stay short

Jan 10, 2020 05:56 am UTC| Technicals Commentary

USD/CNY is currently trading around 6.9286 marks. It made intraday high at 6.9492 and low at 6.9274 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.9540 mark. A...

Renminbi Series

Chinese yuan likely to advance moderately over coming weeks, says Scotiabank

Jan 06, 2020 06:18 am UTC| Commentary Economy

The Chinese yuan is expected to advance moderately in the coming weeks, catching up with recent gains in regional peers such as the KRW and TWD, according to the latest research report from Scotiabank. The Peoples Bank...

Renminbi Series

FxWirePro: Chinese yuan falls in early Asia despite robust retail sales, industrial production data

Dec 16, 2019 03:43 am UTC| Technicals

USD/CNY is currently trading around 6.9955 marks. It made intraday high at 7.0045 and low at 6.9598 levels. Intraday bias remains bullish till the time pair holds key support at 6.9810 mark. A sustained...

Renminbi Series

Yuan’s share in global payments rises again in August

Oct 01, 2018 12:15 pm UTC| Commentary

After steadily losing its attraction since 2015, the Chinese yuan seems to be recovering in terms of its share in the global payment system, according to a report by Swift payment system. As an effect of economic...

Renminbi Series

Renminbi Series: Yuan’s share in global payments rises to highest in 36 months

Sep 13, 2018 12:48 pm UTC| Commentary

After steadily losing its attraction since 2015, the Chinese yuan seems to be recovering in terms of its share in the global payment system, according to a report by Swift payment system. As an effect of economic...

1 2 3 4 5 6 7 8 9 10   

Economy

Ford dismisses ITC's criticism over SK deal for not being based on hearing

Ford Motor Co on Friday dismissed criticism from the U.S. International Trade Commission for not being based on a public interest hearing, noting that it committed to SK Innovations battery programs before any misconduct...

US, EU agree on 4-month tariff freeze in aircraft dispute

The EU and the US agreed on a four-month suspension on tariffs imposed on billions of dollars of imports to ease the burden on industry and workers and focus on conflict resolution. The suspension will cover all US...

China barred the import of pineapples from Taiwan

China banned the imports of pineapple, and the order came into effect earlier this week. Beijing announced that the tropical fruit could not enter the country, and Taiwan assumed that this is a political move. Taiwans...

Sinclair Broadcasting Group is laying off hundreds of workers soon

Sinclair Broadcasting Group announced this week that it would be laying off hundreds of workers soon. The company said it was left with no choice but to dismiss a percentage of its workforce as the business was affected by...

US suppliers to China's SMIC face licensing woes

The US has been slow to approve licenses for American companies to sell chipmaking equipment to Chinas Semiconductor Manufacturing International Corp (SMIC), with an estimated $5 billion worth of parts and components...

Politics

Joe Biden COVID-19 response: POTUS says there is enough vaccine for all adults until May

With the Biden administration already ramping up efforts to make sure everyone is vaccinated, President Joe Biden brought more good news for adults across the country. Biden announced that there would be enough vaccines...

Barack Obama: New book claims ex-POTUS initially did not want to endorse Joe Biden

While former President Barack Obama is known for having a very close friendship with his then-vice president Joe Biden, a new book claims that their friendship did not extend to a campaign endorsement. The book claims that...

Kamala Harris reaffirms US-Australia ties in call with Prime Minister Scott Morrison

Vice President Kamala Harris is reaching out to world leaders as part of the Biden-Harris administrations plan to re-engage with allies. Harris recently reaffirmed the US alliance with Australia with its Prime Minister...

Donald Trump investigation: House Oversight Committee issues subpoena to ex-POTUS' accounting firm again

The Manhattan prosecutors are not the only ones who want to look into the financial records of former President Donald Trump. It appears the House is also keen on looking into Trumps records as its oversight committee has...

Science

Transparent wood is coming, and it could make an energy-efficient alternative to glass

Wood is an ancient material humans have been using for millions of years, for the construction of housing, ships and as a source of fuel for burning. Its also a renewable source, and one way to capture excess carbon...

Pigs can play video games, scientists discover

Pigs might not be able to fly, but they can play video games. In a new study, researchers from Purdue University in Indiana, US have shown that pigs can use a digital screen and joystick, operated by their snout, to move a...

Einsteinium: 100 years after Einstein's Nobel Prize, researchers reveal chemical secrets of element that bears his name

A century ago, an upstart German physicist by the name of Albert Einstein turned the scientific world on its head with his discovery of the photoelectric effect, which proved light to be both a particle and a wave. Awarded...

New CRISPR technology could revolutionise gene therapy, offering new hope to people with genetic diseases

The day a muddled mob stormed the US Capitol building, a team of American researchers published a paper in Nature that signified a landmark in gene therapy. The head of the US National Institutes of Health, Francis...

In the rush for coronavirus information, unreviewed scientific papers are being publicized

COVID-19 has not only upended our personal lives, it has dramatically changed scientific research. In response to the rapid spread of the virus, scientists around the world have had to find new ways to collaborate and...

Technology

Leaker says ‘Elden Ring’ will feature PvP and online multiplayer

With internal videos of Elden Ring appearing online recently, more information leak has now come to light about its gameplay. FromSoftwares next project is now shaping up to be an important IP as it is expected to combine...

OnePlus Nord 2 could feature MediaTek Dimensity 1200

OnePlus attempt at launching mid-range smartphones last year was well-received and the company appears to be working on the next OnePlus Nord. It is rumored to launch in the coming months with one significant change in its...

MacBook and iPad models in 2022 could sport OLED panels

Apple marked a significant development in its iPhone line last year after launching the first series with OLED, or organic light-emitting diode, as the standard panel. The company is reportedly not stopping at iPhone as it...

Realme GT 5G is powered by Snapdragon 888 for less than $500

Most smartphones powered by the new Qualcomm Snapdragon 888 chipset are expected to come with high prices, but that is not the case for Realme GT 5G. For less than $500, the device will allow its users to experience the...

WhatsApp desktop audio and video calls are now live

WhatsApp has introduced a much-requested feature among users who often use its desktop services. The option to make audio and video calls through Windows and Mac computers went live Thursday, but there is one major...
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.