Chinese c.bank sets yuan mid-point at 6.8591

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Chinese c.bank sets yuan mid-point at 6.8591

Post by yunowu on Sun Jun 29, 2008 8:30 pm

SHANGHAI, June 30 (Reuters) - The central bank set the
mid-point of the yuan's exchange rate
against the dollar on Monday at the highest level since the
Chinese currency was revalued in July 2005. Mid-point 6.8591 http://www.reuters.com/article/marketsNews/idINECB00053020080630?rpc=611

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Yuan Set for Quarterly Gain as China Says to Expand Flexibility

Post by yunowu on Sun Jun 29, 2008 9:46 pm

June 30 (Bloomberg) -- The yuan headed for a 12th quarterly gain on speculation the central bank will allow the currency to strengthen to stem inflation close to a more than decade high....

http://www.bloomberg.com/apps/news?pid=20601089&sid=aafBAy1FAMYM&refer=china

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Central bank guides yuan to breach 6.86 vs dollar

Post by yunowu on Sun Jun 29, 2008 9:49 pm

SHANGHAI, June 30 (Reuters) - The Chinese central bank
guided the yuan to break above the 6.86 level against the dollar
on Monday for the first time since its July 2005 revaluation, in
response to the U.S. currency's weakness on global markets. The yuan also rose slightly in offshore non-deliverable
forwards, but implied 12-month yuan appreciation against the
dollar remained close to the middle of the 6-7 percent range
that has been established in the last few weeks....http://www.reuters.com/article/marketsNews/idINSHA21152920080630?rpc=611

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Chinese c.bank sets yuan mid-point at 6.8608

Post by yunowu on Mon Jun 30, 2008 8:48 pm

SHANGHAI, July 1 (Reuters) - The central bank set the
mid-point of the yuan's exchange rate
against the dollar on Tuesday as follows. Mid-point 6.8608 http://www.reuters.com/article/marketsNews/idINECB00053120080701?rpc=611

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Sarkozy to say next week if he will go to Olympics

Post by yunowu on Mon Jun 30, 2008 8:50 pm

PARIS, June 30 (Reuters) - French President Nicolas Sarkozy will decide early next week whether to attend the opening ceremony of the Olympic Games and it will depend on how talks go between Beijing and the Dalai Lama's envoys, he said on Monday....

http://www.reuters.com/article/marketsNews/idCNL3046469820080630?rpc=611

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Re: Chinese c.bank sets yuan mid-point at 6.8591

Post by Dinar_OS on Tue Jul 01, 2008 8:06 am

Not posting, I'll try taging it here:

RUB / CNY


http://www.bloomberg.com/apps/news?pid=20601095&sid=a1pGpNlZg9II&refer=east_europe

Widened Ruble Would Be a `Revaluation,' Danske Says (Update1)

July 1 (Bloomberg) -- Widening the ruble's trading band by 10 percent against a dollar-euro basket would probably send the currency higher as record oil prices lure investors to Russian assets, according to Danske Bank A/S.

This ``would almost certainly drive the ruble 5 percent stronger right away and thus be a de facto revaluation,

http://www.bloomberg.com/apps/news?pid=20601089&sid=aZ7eYN90dXDc&refer=china

Yuan Little Changed on Signs China Seeks to Deter Currency Bets


July 1 (Bloomberg) -- The yuan was little changed on speculation the central bank will seek to deter speculators betting on the currency's one-way appreciation.

etc, etc, etc,

a currency analyst in Beijing at China Citic Bank Co., a unit of China's biggest state investment company. ``China has to strengthen its currency at a steady pace to curb imported inflation.''

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Shrinking profits force hundreds of Chinese shoe makers to quit

Post by yunowu on Tue Jul 01, 2008 12:28 pm

BEIJING (AFP) - Hundreds of shoe makers in southern China have closed down this year as profits slumped due to the rising yuan, higher costs and a weakening demand overseas, industry insiders said Tuesday.....

http://asia.news.yahoo.com/080701/afp/080701161308business.html

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UPDATE 2-IMF to study Congo's China deal before any accord

Post by yunowu on Tue Jul 01, 2008 3:02 pm

KINSHASA, July 1 (Reuters) - The IMF said on Tuesday it needed to evaluate the impact on Democratic Republic of Congo's economy of a huge recent Chinese loan and investment deal before it could conclude a formal accord with the African state...
http://www.reuters.com/article/marketsNews/idINL0120754320080701?rpc=611

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Yuan Little Changed on Signs China Seeks to Deter Currency Bets

Post by yunowu on Tue Jul 01, 2008 4:10 pm

July 1 (Bloomberg) -- The yuan was little changed on speculation the central bank will seek to deter speculators betting on the currency's one-way appreciation....

http://www.bloomberg.com/apps/news?pid=20601089&sid=aZ7eYN90dXDc&refer=china

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Slowdown in economy set to continue

Post by yunowu on Tue Jul 01, 2008 4:18 pm

Source: Xinhua | 2008-7-2

CHINA'S economy might continue to decelerate as a result of slower industrial output growth and weakening overseas demand, according to a posting on the Website of the National Bureau of Statistics.

The deputy head of the bureau, Xie Hongguang, said uncertainties over China's economic growth still existed. "We should raise our awareness and pay more attention to economic problems," he wrote....

http://www.shanghaidaily.com/sp/article/2008/200807/20080702/article_365304.htm

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Chinese c.bank sets yuan mid-point at 6.8621

Post by yunowu on Tue Jul 01, 2008 10:18 pm

SHANGHAI, July 2 (Reuters) - The central bank set the
mid-point of the yuan's exchange rate
against the dollar on Wednesday as follows. Mid-point 6.8621 http://www.reuters.com/article/marketsNews/idINBJD00032420080702?rpc=611

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Chinese c.bank sets yuan mid-point at 6.8529

Post by yunowu on Wed Jul 02, 2008 8:02 pm

SHANGHAI, July 3 (Reuters) - The central bank set the
mid-point of the yuan's exchange rate
against the dollar on Thursday at its highest since the currency
was revalued in July 2005. Mid-point 6.8529 http://www.reuters.com/article/marketsNews/idINECB00053320080703?rpc=611

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RPT-UPDATE 1-China tightens capital controls to thwart hot money

Post by yunowu on Wed Jul 02, 2008 8:05 pm

BEIJING, July 2 (Reuters) - China on Wednesday tightened the administration of its capital controls in a move aimed at deterring speculative inflows of foreign currency betting that the yuan will keep rising.
In an announcement on its website, the State Administration of Foreign Exchange (SAFE) said exporters would be required from July 14 to park their export revenues in temporary verification accounts so officials can check that invoices are backed by genuine trade transactions and are not being padded....

http://www.reuters.com/article/marketsNews/idINPEK33871820080703?rpc=611

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Fukuda decides to attend Beijing Olympics opening ceremony

Post by yunowu on Wed Jul 02, 2008 10:27 pm

Prime Minister Yasuo Fukuda has decided to attend the opening ceremony of the Beijing Olympic Games on Aug. 8, government sources said Thursday.....

http://asia.news.yahoo.com/080703/kyodo/d91m4kro0.html

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Taiwan, China set to launch historic weekend flights

Post by yunowu on Wed Jul 02, 2008 10:28 pm

TAIPEI, July 3 (Reuters) - Taiwan and China, political rivals for six decades, will launch direct weekend charter flights on Friday, potentially letting millions of tourists visit the island in a historic move heralding a further warming of relations....

http://www.reuters.com/article/marketsNews/idINTP26374620080703?rpc=611

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Yuan falls vs dollar in NDFs on capital controls

Post by yunowu on Thu Jul 03, 2008 9:14 am

SHANGHAI, July 3 (Reuters) - China's yuan fell against the dollar in the offshore non-deliverable forwards market on Thursday, despite global dollar weakness, after Beijing announced fresh steps to tighten capital controls....

http://www.reuters.com/article/marketsNews/idINSHA26961220080703?rpc=611

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China Expresses Willingness to Discuss Climate Change Goals at G8

Post by yunowu on Thu Jul 03, 2008 10:17 am

By VOA News
03 July 2008

China says it is prepared to discuss moderate goals to combat climate change at next week's summit of leaders from the world's eight leading industrialized nations....

http://www.voanews.com/english/2008-07-03-voa12.cfm

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Bureaus link to battle inflow of 'hot money'

Post by yunowu on Thu Jul 03, 2008 1:44 pm

Source: Xinhua | 2008-7-4 |

STEPPING up the battle against "hot money" flowing into and out of China, three government departments will link internal electronic systems from July 14 to check foreign exchange receipts and export settlements, the State Administration of Foreign Exchange said yesterday.

SAFE said it would conduct the checks with the other two departments the Ministry of Commerce and the General Administration of Customs (GAC). With the new online checks, regulators will be able to compare enterprises' forex receipts and settlements with their exported goods reported to GAC. After a trial period, the new mechanism will formally operate from August 4....

http://www.shanghaidaily.com/sp/article/2008/200807/20080704/article_365606.htm

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Yuan climbs again

Post by yunowu on Thu Jul 03, 2008 1:45 pm

2008-7-4 |

The currency closed at 6.8510 per greenback at 5:30pm in Shanghai, the strongest since the end of the dollar link...

http://www.shanghaidaily.com/sp/article/2008/200807/20080704/article_365587.htm

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China faces challenge on grain prices

Post by yunowu on Thu Jul 03, 2008 2:00 pm

China has shown that it can act by raising domestic fuel prices, but will Beijing be able to tackle an even thornier issue: cheap subsidized grain? After oil, grain could be the next big price risk for China. The government shifted the focus of its agricultural subsidies from protecting farmers' incomes to shielding its 1.3 billion consumers from inflation when food prices surged last year. Beijing tried to restrict exports and promote imports. Good harvests and restrictions in the last four...

http://www.iht.com/articles/2008/07/02/business/col03.php

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LEAD: Bush to attend Beijing Olympics opening ceremonies

Post by yunowu on Thu Jul 03, 2008 4:37 pm

Friday July 4, 4:55 AM

advertisement

Friday July 4, 4:55 AM


LEAD: Bush to attend Beijing Olympics opening ceremonies

(Kyodo) _ (EDS: ADDING DETAILS)
President George W. Bush will attend the opening ceremonies of the Olympic Games in Beijing in August, the White House announced Thursday.
"The president and Mrs. Bush will attend the opening ceremonies of the Summer Olympic Games on Aug. 8," White House Press Secretary Dana Perino said in a statement....

http://asia.news.yahoo.com/080703/kyodo/d91mjqv00.html

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China Southern Flies to Taipei, Ending Tourist Ban (Update2)

Post by yunowu on Thu Jul 03, 2008 6:26 pm

July 4 (Bloomberg) -- Liu Shaoyong, chairman of China Southern Airlines Co., is piloting a Chinese tourist flight to Taiwan today, ending a six-decade ban that's deprived the island of visitors from its closest neighbor.....

http://www.bloomberg.com/apps/news?pid=20601089&sid=atVWD5dx6Zkc&refer=china

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China Resumes Dialogue With Tibet Representatives, Xinhua Says

Post by yunowu on Thu Jul 03, 2008 6:28 pm

yunowu wrote:PARIS, June 30 (Reuters) - French President Nicolas Sarkozy will decide early next week whether to attend the opening ceremony of the Olympic Games and it will depend on how talks go between Beijing and the Dalai Lama's envoys, he said on Monday....

]

July 3 (Bloomberg) -- A Chinese official met with representatives of Tibet's exiled spiritual leader the [url=http://search.bloomberg.com/search?q=Dalai%0ALama&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1]Dalai Lama in Beijing ``recently,'' Xinhua News Agency reported, resuming dialogue after a two month break.
Du Qinglin, head of the United Front Work Department of the Communist Party, met with Lodi Gyari and Kelsang Gyaltsen, state-run Xinhua said, citing a statement issued by the department....

http://www.bloomberg.com/apps/news?pid=20601089&sid=a4DxoKPGOWbw&refer=china

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China should let yuan float freely -researcher

Post by yunowu on Thu Jul 03, 2008 9:57 pm

BEIJING, July 4 (Reuters) - China should experiment with
complete exchange rate flexibility to gain the upper hand in its
fight against inflation and hot money, a prominent Chinese
academic said in comments published on Friday....
http://www.reuters.com/article/marketsNews/idINPEK33317220080704?rpc=611

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Re: Chinese c.bank sets yuan mid-point at 6.8591

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