SHANGHAI (Reuters) – The yuan closed up against the dollar on Monday after hitting an all-time high in intraday trading, guided by a stronger mid-point by the People’s Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said. The yuan is expected to remain stable or rise slightly in the...
SHANGHAI (Reuters) – The yuan hit an all-time trading high against the dollar on Monday, guided by a stronger mid-point by the People’s Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said. (read more…) Related items GM posts record China sales in 2011 Ferrari Myth exhibition opens in Shanghai...
NEW YORK (AP) — Europe’s fiscal pact may save the euro from collapse and stave off worldwide financial panic. But the concerns of many investors are more personal: Will it lift my flagging 401(k)? (more here…) Related items Marlene Dietrich’s ‘Dishonored’ and ‘Shanghai Express’ Anelka signing a milestone for Chinese soccer Trade trip yields...
SHANGHAI (Reuters) – China’s largest search engine Baidu Inc said on Monday it will invest 3 billion yuan ($470.6 million) by the end of 2015 to help 2 million small- and medium-sized enterprises expand their businesses. As part of the investment, Baidu will groom 100,000 search marketing professionals, help small- and medium-sized enterprises develop...
SHANGHAI (Reuters) – China’s yuan started trading against the Australian dollar and Canadian dollar in the country’s onshore foreign exchange market on Monday, the latest currency pairs to be introduced as part of Beijing’s efforts to promote the use of its currency. Beijing’s wants to expand the use of the yuan for trade and...
Shanghai Electric Power Co. plans to invest more than 20 billion yuan to build a clean energy base in Caojing Chemical Park in Shanghai, according to a statement from the company to Shanghai’s stock exchange today. (more here…) Related items Base metals under pressure China approves new yuan ETFs in Hong Kong Eastday-100b yuan...
