Tag: dollar

China’s yuan slips against the US dollar after Beijing introduced financial instruments to cool the exchange rate

China’s yuan slips against the US dollar after Beijing introduced financial instruments to cool the exchange rate

The move came a day after the People's Bank of China (PBOC) increased the amount of money financial institutions need for their foreign exchange ...
Cathay Pacific sells first US dollar bond in 27 years to raise working capital as global air travel collapses

Cathay Pacific sells first US dollar bond in 27 years to raise working capital as global air travel collapses

Cathay Pacific Airways Limited is selling a US dollar senior unsecured bond for the first time in approximately 27 years to help stabilize its fina ...
The yuan’s internationalization goal is “not to replace the US dollar,” said the top Chinese bank official

The yuan’s internationalization goal is “not to replace the US dollar,” said the top Chinese bank official

China has downplayed US concerns about its ambitions for the yuan, and the new deputy governor of the People's Bank of China (PBOC) insisted that " ...