The Business Times
business-time-50

China's foreign reserves see record fall in push to aid yuan

google-preferred-sourceAdd BT as a preferred source
Published Thu, Jan 7, 2016 · 09:50 PM

Beijing

CHINA'S foreign exchange reserves slid more than forecast in December, capping their first-ever annual decline, as authorities sought to prop up a weakening yuan.

The currency hoard shrank by a record US$108 billion to US$3.33 trillion in December, the People's Bank of China (PBOC) said on Thursday.

ChinaYuan

TRENDING NOW

Out of the 18,000 fresh graduates, 9,100 have found employment and 5,400 are outside the labour force, mainly for voluntary reasons.

1 in 5 fresh graduates from autonomous universities still seeking employment: MOM

Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

Cold Storage’s first On The Go store opened at the Esso petrol station in East Coast Road on Aug 3.

Cold Storage moves into convenience retail with On The Go, to replace FairPrice at 58 Esso stations

As Asia races to build its AI infrastructure, securing sufficient copper is becoming almost as key as securing the electricity to power it, say analysts.

Why copper is becoming Asia’s next AI bottleneck

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More