The People’s Bank of China set the yuan’s reference exchange rate at 7.1889 per dollar Thursday, 735 pips stronger than the ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

The PBOC operates under a managed floating exchange rate system, which allows the yuan's value to fluctuate within a 2% band around a central reference rate, or midpoint. This method is designed to ...

Hang Seng slips as China holds rates steady, tech stocks drag. ASX 200 rallies on Wall Street gains, while Nikkei dips on ...

Deflation in China is persisting, raising growing concerns domestically and internationally. Beijing’s stimulus policies introduced in September last year have largely been short-lived in financial ...

J.P.Morgan ratcheted up its odds for a U.S. and global recession to 60%, as brokerages scrambled to revise their forecast ...