Catenaa, Friday, February 28, 2025-The People’s Bank of China (PBOC) have asked China’s banks to cut interest rates offered on U.S. dollar deposits to curtail dollar hoarding and prop up a weakening yuan, a report by Reuters said on Friday. Quoting two banking sources, the Reuters report said that over the past few weeks banks across China […]

Catenaa, Thursday, April 10, 2025- Chinese yuan fell to its lowest value in 17 years against the US dollar on Thursday, with China’s central bank cutting its daily reference rate for the sixth straight session.  The yuan slipped to 7.354 per dollar in early trade—its lowest since 26 December 2007, It has lost about 1.2% […]