As yuan weakens, Chinese rush to open foreign currency accounts

Zhang Yuting lives and works in Shanghai, has only visited the United States once, and rarely needs to use foreign currency. But that hasn’t stopped the 29-year-old accountant from putting a slice of her bank savings into the greenback.

Chinese yuan weakens to 6.1256 against USD

The value of the Chinese currency renminbi, or the yuan, weakened by 8 basis points to 6.1256 against the U.S....

Chinese yuan weakens to 6.1230 against USD

The value of the Chinese currency renminbi, or the yuan, weakened by 10 basis points to 6.1230 against the U.S....

China’s iron ore market weakens as steel pessimism extends to raw materials

A weak showing in the steel market was spilling over into the iron ore market, with end-users in China shunning...