renminbi

Currencies

China's yuan down, state banks step in to temper fall

SHANGHAI (Dec 9): Chinese state banks jumped in to stem yuan weakness on Friday morning after the US dollar rose broadly, but the currency remained vulnerable in the face of a relentlessly rising greenback amid expectations of higher US interest rates.

Results

ComfortDelgro’s 3Q earnings rise 2.5% to $87.3 mil on lower expenditure

SINGAPORE (Nov 11): Transport group ComfortDelgro posted $87.3 million in earnings for 3Q16, 2.5% higher from $85.2 million in the same quarter a year ago on the back of lower expenditure, bringing earnings per share (EPS) in 3Q to 4.05 cents compared to

Currencies

What it means when the Renminbi officially joins IMF’s SDR basket tomorrow

SINGAPORE (Sept 30): China’s renminbi will become a major international currency tomorrow, when it officially becomes the fifth currency to enter the International Monetary Fund’s Special Drawing Rights basket, joining the US Dollar, euro, Japanese ye

Broker's Calls

CRCT’s malls yet to unleash ‘full potential’

SINGAPORE (July 28): DBS Group Research has downgraded CapitaLand Retail China Trust from “buy” to “hold”, with a lower target price of $1.60 from $1.69 previously.
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