(Bloomberg) — InterContinental Hotels Group Plc reported a slowdown in business travel in China amid a trade war with the U.S. and protests in Hong Kong. Revenue per available room, a key measure of ……
Monthly Archives For August 2019
U.S. brands China a currency manipulator; offshore yuan nosedives
SHANGHAI — China’s offshore yuan hit a record low on Tuesday, fueling fresh selling in global financial markets, after the United States branded Beijing a “currency manipulator” in a rapidly … ( read original story…
Chinese State Media Retaliates As US Brands China “Currency-Manipulator”
China’s official Communist Party newspaper said on Tuesday the United States was “deliberately destroying international order”, a day after Washington branded Beijing a currency manipulator in a … ( read original story …)
China Acts to Limit Yuan Plunge, Bringing Some Relief to Markets
(Bloomberg) — China took steps to limit weakness in the yuan, providing some stability to global financial markets in the wake of Monday’s rout. The People’s Bank of China on Tuesday set the daily ……
China’s banking system continues to optimize
A resident withdraws 100-yuan banknotes from ATM machine at the Beijing Branch of the Bank of Communication in Beijing, capital of China. [Photo/Xinhua] China’s banking system saw improved … ( read original story …)
China Capital-Flight Fears Hang Over Yuan After Slide Past 7
Issuance so far this year is a record $138 billion. “Capital flight is still a major concern,” said Fraser Howie, who has two decades of experience in China’s financial markets and co-wrote the 2010 ……
China’s yuan tumbles further to U.S. dollar as trade war fears escalate
China’s yuan fell further Tuesday against the U.S. dollar, fueling fears about increasing global damage from Beijing’s trade war with President Donald Trump. The yuan declined to 7.0562 to the dollar … ( read original…
Air China to suspend Beijing-Hawaii route flights from August 27
BEIJING (Reuters) – Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China’s flagship carrier said on Tuesday, as travel demand … ( read original…
China’s yuan falls further to U.S. dollar amid trade war fears
BEIJING — China’s yuan fell further Tuesday against the U.S. dollar, fueling fears about increasing global damage from Beijing’s trade war with U.S. President Donald Trump. The yuan declined to … ( read original story…
China Says U.S. Allies Face Retaliation If They Host Missiles
China’s foreign ministry said in a statement late Monday that the country “will not sit idly by” in response to such threats, urging the U.S. to avoid escalating tensions. A ministry official … ( read…
Air China to suspend Beijing-Hawaii route flights from Aug 27
BEIJING (Reuters) – Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China’s flagship carrier said on Tuesday, as travel demand … ( read original…
China’s biggest chipmaker is still years behind its global rivals
Semiconductor Manufacturing International Corporation (SMIC), China’s largest contract chipmaker, is behind rivals when it comes to technology, analysts say. China is trying to boost its own … ( read original story …)
China’s yuan falls further to US dollar amid trade war fears
But they fueled fears Beijing might use devaluation as a weapon in its fight with Trump over U.S. complaints about China’s trade surplus and technology policies. The weakness of the yuan, also known … (…
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