Chinese Mandarin

The Chinese yuan strengthened to a record high against the U.S. dollar on Wednesday to reach 6.6128 per dollar. The central parity rate of the Chinese currency, also known as the renminbi (RMB), was set 88 basis points lower than Tuesday’s 6.6216, according to the China Foreign Exchange Trading System. China’s central bank announced on [...]

The U.S. stocks snapped a 3-day losing streak to close higher on Tuesday as strong earnings reports helped inject confidence into the market. Alcoa, the aluminum manufacturer which is traditionally the first component of the Dow Jones Industrial Average to report results, beat the market expectation on Monday by saying it had earned 21 cents [...]

The overall level of bank lending in Japan fell 2.1 percent from a year earlier in December, marking the 13th straight month of decline, the Bank of Japan (BOJ) said Wednesday. According to the central bank, the level of outstanding loans stood at 393.86 trillion yen (4.73 trillion U.S. dollars) in the recording month, this [...]