The central bank on Tuesday injected 130 billion yuan (£13.6bn) into the financial system via reverse repurchase agreements and fixed the yuan stronger to the dollar in reaction to the currency hitting four-and-a-half month lows.
The yuan has largely been trending down since the People’s Bank of China (PBOC), the central bank, revamped its foreign exchange mechanism last August to make the currency more market-based.
While Jubeir said these pilgrimages would be not be impacted by the severing of ties, separate sources have said Saudi has closed Iran’s haj office in the kingdom.
The GM-Lyft deal comes as automakers and Silicon Valley companies are exploring new alliances and new technologies that will reshape the global automotive industry. But the new partnership has also clearly set its sights on the long-term goal of developing a robotic version of...
Investors once again flocked to the safety of the yen on Tuesday as a modest pick-up in risk appetite gave way to jitters over Chinese market turbulence and stalling growth and the breakdown in relations between Saudi Arabia and Iran. “With the yen well supported and the...
China’s response to the summer market crash was seen by many inside the industry as heavy handed, as it included suppression of futures and derivatives markets and instilled fear as regulators pulled in brokerage executives for questioning about insider trading and...
Snyder spokesman Dave Murray said the state would cooperate with any requests from the U.S. Attorney’s Office “as it looks into Flint’s water challenges”. It will be followed by discussions about the source of Flint’s water, health consequences and...
Manufacturing activity nationally contracted for a second straight month in December, with the Institute for Supply Management’s Purchasing Managers’ Index registering at 48.2.