TEHRAN, August 5 -U.S. stock index futures pointed to more losses on Monday as China’s yuan hit its lowest in a decade, spurring a continuation of a sell-off on trade concerns on Friday that generated the S&P 500’s worst weekly performance of 2019.
TEHRAN, Feb 09 -China’s northern Hebei province will offer financial incentives to companies seeking to raise capital in equity markets, state media reported, in a move coinciding with a renewed push to kickstart financing for projects in the region.
TEHRAN, October 09 - China's government has promised not to weaken its currency to boost exports and rejected U.S. concern about the sagging yuan as groundless and irresponsible.
TEHRAN, August 28 -China’s yuan firmed against the U.S. dollar for the third day in a row on Tuesday after the central bank moved to put a floor under the currency as the trade war with the United States grinds on.
TEHRAN, August 27 -China’s yuan finished Monday afternoon trade at a near 4-week high to the dollar after the central bank revived a “counter-cyclical factor” in its daily fixing to support the currency, halting a record 10-week slide that rattled global markets and irritated Washington.
TEHRAN, August 21 - Iran has removed the US Dollar from its official currency rate reporting platform and replaced it with China’s Yuan in an effort that the media in Tehran say could be a key step toward ditching the greenback in trade.
TEHRAN, May 15 - A US decision to withdraw from a nuclear deal with Iran has added fresh momentum to efforts to start trading oil in yuan following China’s launch of crude oil futures.
TEHRAN, January 15 - Germany’s central bank has decided to add the Chinese currency to its foreign exchange reserves, according to Bundesbank board member Andreas Dombret.
TEHRAN, October 4 -The President of Venezuela Nicolas Maduro has proposed oil producing countries should discuss creating a currency basket for trading crude and refined products.
Chinese banks can now set their own exchange rates between the yuan and the US dollar for some customers, the government said, in a small step towards liberalisation of the tightly controlled currency.