yuan
PBOC maintains support for yuan with fix stronger than key level
[ad_1] CHINA reaffirmed its support for the yuan after allowing the currency to slip below a key support level in the last session.The People’s Bank of China (PBOC) set its...
China’s record dividend payout intensifies pressure on the yuan
[ad_1] China’s ambitious campaign to revive its flagging stock market has made the yuan an unintended casualty, with record dividend payouts leading to outflows.Interim dividends paid by Hong Kong-listed Chinese...
OUE Reit divests entire stake in Shanghai office property for 1.9 billion yuan
[ad_1] OUE Real Estate Investment Trust (Reit) is set to sell its entire stake in Lippo Realty, a real estate service provider that manages and operates an office building in...
Alibaba to sell department store chain Intime for 7.4 billion yuan
[ad_1] ALIBABA Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising textiles firm Youngor Fashion and some of Intime’s management for 7.4...
China’s yuan falls to one-year low on weak growth, tariff risk
[ad_1] THE yuan fell to the lowest level in about a year versus the greenback, as traders added bearish wagers on lacklustre China growth amid risks of higher US tariffs.The...
Nio’s Q3 net loss widens to 5.1 billion yuan on lower vehicle sales
[ad_1] CHINESE electric vehicle (EV) maker Nio’s net loss widened to 5.1 billion yuan (S$945.5 million) for its third quarter ended Sep 30, 2024, from 4.6 billion yuan in the...
US dollar roars with Bitcoin as Trump trades shine; euro and yuan slump
[ad_1] THE US dollar rose to a four-month peak versus major peers on Tuesday (Nov 12), while Bitcoin extended its record rally as investors continued to pile into trades seen...
CDL acquires 51% stake in Shanghai mixed-used site for 4.6 billion yuan
[ad_1] CITY Developments Ltd (CDL), together with its partner in China, Lianfa Group, have been awarded the tender for a mixed-use development site in the Xintiandi area of Shanghai’s Huangpu...
BYD Q3 revenue rises 24% year on year to 201.1 billion yuan, eclipses Tesla for first time
[ad_1] BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone head...
BYD revenue beats Tesla for first time; Q3 sales surge 24% to 201 billion yuan
[ad_1] BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone head...
