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Posts Tagged "yuan"

HomePosts Tagged "yuan"

By Nigel Stephenson | LONDON Oil prices rose on Thursday, lifting energy company shares, on expectations the United States will withdraw from a global pact to fight climate change, while China’s yuan shrugged off weak factory data to hit a seven-month high against the dollar. Bank shares underperformed rising European stocks, after two major U.S. […]

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    Alex Ikechukwu
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China’s central bank governor said Friday the yuan should be “relatively stable” this year after losing seven percent of its value in 2016 amid accusations by US President Donald Trump of currency manipulation. People’s Bank of China Governor Zhou Xiaochuan said the world’s number-two economy was expected to stabilise after posting its slowest growth in […]

Chinese exports beat expectations in November, a positive sign for the global economy, but analysts warned Thursday of an uncertain outlook as US President-elect Donald Trump prepares to take office, with Beijing’s trade policy in his sights. The advance broke a seven-month losing streak and marks a sharp turnaround from the previous month helped by […]

The Central Bank of Nigeria (CBN) Sunday, raised the hope that the lingering Naira-Yuan swap deal will be achieved as part of strategies to reducing the huge dollar demand pressure on the local currency. The CBN Governor, Godwin Emefiele, gave the indication at the ongoing International Monetary Fund/World Bank Group yearly meetings in Washington DC. […]

Barely five months after a currency swap deal between Nigeria and China was enmeshed in controversy, the country’s import profile from the Far-East Asian nation has remained high and intermediated by the dollar. While government denied striking such deal, the earlier move was widely celebrated as a panacea to unending huge dollar demand and pressure […]