Yuan News
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Updated 27 minutes ago
The People’s Bank of China added 50 billion yuan ($8.2 billion) to the financial system today after a cash squeeze drove money-market rates to record highs, said Hao Hong, chief China strategist at Bank of Communications Co.
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Updated 1 hour, 49 minutes ago
Palm oil fell from the highest level in almost three months as commodities from oil to copper tumbled on concern the U.S. Federal Reserve may phase out stimulus.
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Updated 1 hour, 5 minutes ago
Investors are pulling money from emerging markets at the fastest pace in two years as slowing economic growth and the prospect of less global stimulus sink stocks, bonds and currencies from India to Brazil.
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Updated 42 minutes ago
China’s stocks fell to the lowest level in six months after benchmark money-market rates climbed to a record and a private report showed manufacturing shrank at a faster pace this month.
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Updated 2 hours, 39 minutes ago
Yuan forwards fell the most since October 2011 after Federal Reserve Chairman Ben S. Bernanke said the central bank may reduce monetary stimulus that helped spur fund inflows to emerging-market assets.
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Updated 51 minutes ago
Shanghai Donghai Wind Power Co. expects to begin building the second phase of its Donghai Bridge wind farm near Shanghai at the end of the year.
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China’s manufacturing is shrinking at a faster pace this month, adding to stresses in the economy and financial system after interbank borrowing costs surged to the highest in seven years.
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Steel reinforcement-bar futures in Shanghai declined, snapping a five-day rally, on renewed concern that China’s supply may outpace demand as steelmakers added output and as manufacturing slows.
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Rubber declined as data showed China’s manufacturing shrank at a faster pace this month, raising concern that demand from the largest consumer may weaken.
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Copper declined to a seven-week low as industrial metals dropped after Federal Reserve Chairman Ben S. Bernanke said bond purchases may be reduced and as China’s manufacturing is slowing. Nickel fell to the lowest since 2009.
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