Wall Street gains on upbeat data, firming yuan
Businessam Staff
August 8, 2019
U.S. stocks rose on Thursday as better-than-expected domestic and Chinese data as well as a steadying yuan offered some comfort to
Wall Street headed lower as yuan slide deepens trade fears
Businessam StaffAugust 5, 2019
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
Trade friction hits stocks, yuan slumps to lowest in over a decade
Businessam StaffAugust 5, 2019
Global stocks fell for a sixth day on Monday as an escalation of trade tensions between the United States and China spooked markets
African economy needs more usage of Chinese yuan, financial expert says
Businessam StaffJune 3, 2018
There has been a general consensus among some eastern and southern African countries that there should be more usage of the Chinese
Hedge fund manager Hart finally gives up on China bet after he lost millions
Businessam StaffSeptember 7, 2017
Mark Hart, an investor spent seven years and $240 million waiting on a crash in China’s currency. According to Bloomberg, he lost
China is using the Yuan to combat risk of a market meltdown
Businessam StaffMay 19, 2017
China has an insurance policy against a full-scale market meltdown: the daily currency fixing. With stocks and bonds in retreat amid