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Tag: China

EMERGING MARKETS WEEK-China data, Mexico rate decision eyed

By Daniel Bases
NEW YORK, Jan 11 (Reuters) - Economic data from China and a central bank decision in Mexico will keep emerging market investors on cautious footing as the cross-currents of the global economic downturn show no signs of abatement.

Asian Currencies: Ringgit, Singapore Dollar Decline During Week

By Lilian Karunungan and David Yong
Jan. 10 (Bloomberg) — Most Asian currencies dropped this week, led by the Malaysian ringgit and the Singapore dollar, on concern investors will exit emerging markets amid signs a global recession is deepening.

Asian Currencies Weaken on Risk Aversion; Korean Won Advances

By Kim Kyoungwha and Ron Harui
Dec. 24 (Bloomberg) — Asian currencies fell after reports indicating a global recession is deepening sapped demand for emerging-market assets. South Korea’s won strengthened on speculation the nation’s central bank was supporting the currency, the region’s biggest loser this year.

China’s Yuan Is ‘Spanner in Works’ at Paulson Talks

By Li Yanping and Dune Lawrence
Dec. 4 (Bloomberg) — U.S. Treasury Secretary Henry Paulson is pressing for a stronger yuan at talks that started in Beijing today, just three days after the currency’s biggest drop since the nation scrapped a fixed exchange rate in 2005.

Asian Currencies Weaken After China Says Manufacturing Shrank

By Kim Kyoungwha
Dec. 1 (Bloomberg) — Asian currencies declined, led by Indonesia’s rupiah and Singapore’s dollar, as a record contraction in China’s manufacturing damped the outlook for the region’s economic growth.

China Reserves to Pass $2 Trillion; Russia’s Fall: Chart of Day

By Lee J. Miller and Zhang Dingmin
Nov. 28 (Bloomberg) — China’s foreign-exchange reserves may top $2 trillion for the first time by the end of this year, giving the world’s most-populous nation more firepower to stimulate its economy during a global recession.