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Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Stringer | Reuters China’s dominance of the global rare earths supply chain won’t dwindle easily, even if Beijing decides to approve more export licenses through deals with Europe and the U.S. Three Shenzhen-listed Chinese companies this … Read more
U.S. one hundred dollar bills. Nurphoto | Nurphoto | Getty Images The dollar has been sliding and the ripple effect on other currencies has brought a mix of relief and headache to central banks around the world. Uncertainty about U.S. policymaking has led to a flight out of the U.S. dollar and Treasurys in recent … Read more
President Donald Trump’s tariffs have slammed the dollar, defying expectations for a stronger greenback and adding to the price Americans will pay after import taxes are passed on. So far this year, the US dollar index, which tracks the greenback against a basket of other global currencies, has tumbled 4.7% as investors increasingly price in … Read more
YINAN, CHINA – DECEMBER 26 2024: A worker counts RMB banknotes during a gathering to distribute the yearly dividend to members of an agricultural co-operative in Yinan county in east China’s Shandong province Thursday, Dec. 26, 2024. Wang Yanbing | Future Publishing | Getty Images The Chinese yuan is widely expected to depreciate against an … Read more
The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. Peng Song | Moment | Getty Images China left its benchmark lending rates unchanged Monday, as Beijing contends with a weakening yuan while awaiting policy clues from the incoming … Read more
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