Topic page on {?keyword?} | ABS-CBN News

World stocks tread water as easing US-China tensions boost yuan

Agence France-Presse
Posted at Jan 15 09:07 AM

New York was also rattled by news reports on Tuesday that US President Donald Trump intended to keep most punitive US tariffs on Chinese imports until after the 2020 presidential election.    Read more »

Trump says China trade deal might have to wait for 2020 election

Steve Holland, Reuters
Posted at Dec 03 08:45 PM

US President Donald Trump said a trade agreement with China might have to wait until after the US presidential election in November 2020, denting hopes of a quick resolution to a dispute that has weighed on the world economy. Read more »

Facing US sanctions, Venezuela offers suppliers payment in Chinese yuan: sources

Mayela Armas and Corina Pons, Reuters
Posted at Nov 28 02:30 PM

CARACAS - Venezuela's government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China using the yuan currency, five people familiar with the matter said. Read more »

PayPal to enter China market through local acquisition

Reuters
Posted at Oct 01 09:24 AM

Gopay Information Technology, PayPal's acquisition target, has received approval from China's central bank to sell a 70 percent stake to PayPal, both companies said on Monday. Read more »

China scraps foreign invesment cap in stocks, bonds

Agence France-Presse
Posted at Sep 10 11:03 PM

China on Tuesday removed limits on foreign institutions wanting to invest in its stocks and bond markets, as it seeks to attract overseas investment amid a slowing economy and a trade spat with the United States.   Read more »

Signs of hope as Trump says US-China trade talks back on

Agence France-Presse
Posted at Aug 26 08:34 PM

There were signs of a thaw in trade-war tensions between China and the US on Monday as President Donald Trump said delegations would "very shortly" resume talks and Beijing's top negotiator called for "calm". Read more »

Why is China's currency falling?

Agence France-Presse
Posted at Aug 26 06:53 PM

China's yuan has sunk by around four percent in August to its lowest point in more than 11 years on Monday, a decline likely to further exacerbate trade tensions with Washington. Read more »

China's yuan sinks to lowest in 11 years amid trade tension

Agence France-Presse
Updated as of Aug 26 11:43 AM

China's currency on Monday slid to its lowest point in more than 11 years as concerns over the US trade war and the potential for global recession weighed on markets. Read more »

Yuan-peso trade platform averages about P1-B in monthly transactions

ABS-CBN News
Posted at Aug 22 11:36 PM

The Bank of China believes there is more room for growth.  Read more »

Lack of G7, IMF support seen dimming impact of US move on China's yuan

Andrea Shalal and David Lawder, Reuters
Posted at Aug 12 08:54 AM

The US Treasury last week put the designation on Beijing for the first time since 1994, roiling financial markets and escalating a bitter tit-for-tat tariff war between the world's two largest economies. Read more »

Dollar, yuan stronger as risk sentiment improves

Karen Brettell, Reuters
Posted at Aug 09 07:07 AM

The dollar index edged higher on Thursday and China's currency strengthened after the Chinese central bank fixed the yuan at a stronger level than expected, boosting risk appetite. Read more »

Adidas fears 'everybody will lose' in US-China currency war

Agence France-Presse
Posted at Aug 08 08:20 PM

American tariffs on Chinese goods are less harmful to Adidas than a potential exchange rate battle, chief executive Kasper Rorsted said.   Read more »

Fragile calm returns to stock markets as yuan steadies

Hideyuki Sano, Reuters
Posted at Aug 07 09:22 AM

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.05 percent in early trade after tumbling 8.26 percent in the previous eight sessions. Japan's Nikkei bucked the trend to slip 0.26 percent. Read more »

Global equities rout deepens as US sets crosshairs on yuan

Shinichi Saoshiro, Reuters
Posted at Aug 06 05:42 PM

Global stocks extended already substantial losses on Tuesday, after Washington tagged China a currency manipulator, shaking fragile investor sentiment in a rapid escalation of the US-China trade war. Read more »

US designates China as a 'currency manipulator'

Agence France-Presse
Updated as of Aug 06 08:15 AM

WASHINGTON - The United States on Monday formally named China a currency manipulator, accusing Beijing of weakening the yuan as the two countries' trade war escalates. Read more »

Global stocks tumble on tariff moves as Chinese yuan sinks

Agence France-Presse
Posted at Aug 05 10:13 PM

World stock markets plunged Monday and the Chinese yuan fell sharply in reaction to US President Donald Trump vowing to impose fresh tariffs on Chinese goods in the latest trade war flare-up. Read more »

Offshore yuan falls to record low, yen firm on intensifying trade frictions

Hideyuki Sano, Reuters
Posted at Aug 05 09:44 AM

The offshore Chinese yuan fell to its weakest level on record on Monday while the Australian dollar flirted with this year's lows on concerns over a sharp escalation in the Sino-US trade war. Read more »

Jollibee has stakes in these 8 global food brands—including your favorite dimsum place

ANCX Staff
Updated as of Aug 03 12:15 PM

With its latest acquisition of The Coffee Bean and Tea Leaf, Jollibee flexes its global ambitions beyond Asia Read more »

Yen sags, yuan soars after US-China trade truce

Reuters
Posted at Jul 01 07:05 AM

The yen sagged and the yuan rose in early Monday trade after the United States and China agreed to restart trade talks as US President Donald Trump offered concessions on new tariffs and restrictions on tech company Huawei.   Read more »

China promotes use of yuan among Southeast Asian nations

Reuters
Posted at Jan 12 08:09 PM

China’s state council, or cabinet, has agreed to build Guangxi, which borders Vietnam, into a financial gateway between the ASEAN and China. Read more »