Tag: Yen

• Tuesday, May 8th 2012 - 22:37 UTC

  China buying oil from Iran using the Yuan, reveals Teheran ambassador in UAE

  

  China is buying crude oil from Iran using its currency the Yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the US currency.

• Wednesday, December 28th 2011 - 03:27 UTC

  US criticizes Japan for intervening to halt the rise of the Yen in the last 6 months

  

  The US Treasury on Tuesday criticized Japan's interventions to halt the Yen's rise in the last six months, saying they were unnecessary and that Tokyo would do better to strengthen its domestic economy and competitiveness.

• Tuesday, November 1st 2011 - 05:28 UTC

  Japan intervenes to lower the Yen after reaching a record high 75 to the US dollar

  

  Japan sold the Yen for the second time in less than three months after it hit another record high against the dollar Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy.

• Thursday, October 13th 2011 - 23:41 UTC

  IMF says China can partially offset the impact of a global crisis

  

  China has the scope to respond if global economic risks materialize, and the country's response could partially but not entirely offset the impact of a global crisis, the International Monetary Fund's Asia and Pacific director said on Thursday.

• Monday, October 10th 2011 - 23:00 UTC

  China warns Washington of a ‘trade war’ if US Senate votes punishing the Yuan

  

  China reiterated that an expected vote this week in the US Senate on a bill intended to pressure Beijing to allow its currency to raise if made into law would result in a trade war and hurt US-China ties.

• Saturday, May 28th 2011 - 00:36 UTC

  Uruguay successfully floats Samurai bonds; warnings of economy over-heating

  

  Interest for Uruguayan ten-year bonds in Yens more than doubled the issue equivalent to 490 million US dollars. The bonds are guaranteed by Japan Bank for International Cooperation with a 1.6% yield.

• Saturday, November 27th 2010 - 13:22 UTC

  Japan approves another stimulus package to combat deflation and strong Yen

  

  Japan's parliament has passed a stimulus package worth about 61billion US dollars, designed to kick-start the country's fragile economic recovery. The government had already introduced several stimulus packages.

• Friday, September 17th 2010 - 03:43 UTC

  Japan will continue to intervene to keep Yen-priced exports competitive

  

  Japan's prime minister said that authorities would keep intervening to curb the country’s currency strength as sagging manufacturing confidence underscored the threat the currency poses to the fragile economic recovery.

• Monday, August 16th 2010 - 04:03 UTC

  Japan’s economy slows down considerably in second quarter

  

  Japan’s economy expanded at the slowest pace in three quarters. GDP rose an annualized 0.4% in the three months ended June 30 from a revised 4.4% expansion in the first quarter, the Cabinet Office said in Tokyo.