The volume of yuan bonds owned by foreign investors and traded in China in July was 61% higher than in the same month last year and reached a record 1 trillion 350 billion yuan, according to China Central Depository&Clearing. One of the reasons for the record growth of the indicator is the strong demand from central banks of the world, which include the yuan in its foreign exchange reserves. According to The Wall Street Journal, next year it is expected to attract investment of management companies by including Chinese bonds in the calculation of large international indices. The volume of the bond market of China, which ranks third after the United States and Japan, is 11 trillion 700 billion dollars.
The dollar firmed against its peers as concerns that a resurgence of the coronavirus will restrict economic activity lifted the safe-haven demand for the U.S. currency. The yuan suffered declines in the past three weeks as the diplomatic tensions ...
The dollar fell against its peers on Thursday as a rally in risky assets such as commodities and global equities overshadowed safe-haven demand. The Chinese yuan rose to a four-month high of 6.9875 against the dollar. Investors shrugged off ...
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United Airlines Holdings Inc (UAL.O) announced on Friday that it would terminate 13 out of its 67 officers to save funds as the coronavirus pandemic continues to keep a lid on travel demand. The airline company said that it would add international ...
Shares of Netflix and Amazon.com had supported the world stock market on Thursday. Hefty gains were monitored as investors anticipated large earnings posed by the stay-at-home setup. However, yields faltered as negative U.S. jobs data indicated ...