China will not be able to wield a weaker yuan as a weapon in its deepening trade war with the U.S. due to concerns that such a move could trigger financial market instability, market watchers told ...

Walker Buehler went toe-to-toe with Chris Bassitt in a pitching duel, allowing one run over 6.1 innings and Trevor Story drove in the game-winning run as the Boston Red Sox outlasted the Toronto ...

In this context, China can intensify efforts to promote the internationalization of the renminbi on three fronts, Zhang said, including increasing the proportion of the yuan as a global commodity ...

SHANGHAI -- The Chinese yuan edged closer to a 17-year low against the U.S. dollar on Wednesday, threatening to escalate the trade war even further as U.S. President Donald Trump criticized ...

HONG KONG, April 9 — The offshore yuan languished near record lows struck overnight in early trading today, as investors fretted about intensifying Sino-US trade tensions and the impending 104 per ...

A clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. [Photo/IC] By disrupting global trade and triggering recession risks, the United States' new tariff push may have ...

The rupee depreciated further on Tuesday tracking the weakness in Chinese Yuan and dollar demand by importers, said dealers. Foreign portfolio investors (FPIs), who have shifted back to a selling ...

US tariffs on Chinese goods skyrocket to 104%, sending the Hang Seng Index into bear market territory and the yuan to record lows against the dollar. The trade relationship between the US and China ...

Physics Department, Illinois Institute of Technology, Chicago, IL 60616, U.S.A. Institute for Theoretical Physics, State University of New York, Stony Brook, NY 11794 ...

China’s tightly controlled currency fell to its weakest level in 19 months on Tuesday, as Beijing allowed the renminbi, also known as the Chinese yuan to slip further amid escalating trade tensions ...

PBOC sets weakest yuan reference rate since September 2023, crossing 7.20 per dollar. Analysts warn of risks from sharp devaluation, but expect gradual flexibility. PBOC likely to avoid drastic ...