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French minister pushes Paris as China yuan hub

France's Finance Minister Pierre Moscovici gestures while speaking during a joint press conference with China's Vice Premier Ma Kai following a signing ceremony at a France-China High-Level Economic and Financial Dialogue meeting at the Diaoyutai State Guesthouse in Beijing on Tuesday, Nov. 26, 2013. AP

France’s finance minister pushed Paris as a European hub for trading of China’s currency on Tuesday at the first high-level economic and financial dialogue between the two countries.

Posted: November 26th, 2013 in Latest Business Stories | Read More »

Taiwan adds Chinese yuan to forex reserves

AFP FILE PHOTO

Taiwan’s central bank has added the Chinese yuan to the island’s foreign exchange reserves portfolio, a top official said Wednesday, reflecting closer economic ties.

Posted: October 2nd, 2013 in Inquirer Columns,Latest Business Stories | Read More »

US declines to label China a currency manipulator

By
COSTA RICA-THEME-MONEY

The Obama administration declined Tuesday to label China a currency manipulator, noting that it has let the yuan rise nearly 10 percent in value against the dollar since June 2010.

Posted: November 28th, 2012 in Latest Business Stories | Read More »

China’s currency under pressure as growth slows

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AFP FILE PHOTO

China’s currency is facing strong downward pressure this year as the country’s once surging growth rates slow amid a stalling global economy and signs of capital flight after years of inflows.

Posted: August 19th, 2012 in Latest Business Stories | Read More »

BSP backs yuan as major international currency

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The Bangko Sentral ng Pilipinas sees a benefit in the push to make the Chinese yuan a major international currency and an alternative to the US dollar.

Posted: August 15th, 2012 in Headlines | Read More »

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