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Search results for "CNH"



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China's yuan firms, upside seen limited by weak economy

HONG KONG, May 6- China's yuan edged up against the dollar on Wednesday after the central bank set a stronger midpoint, but the upside is seen as limited given expectations of further policy easing to support the cooling economy. The People's Bank of China set the midpoint rate at 6.1156 per dollar prior to market open, firmer than the previous fix of 6.118.
Source: Reuters
China's yuan steadies as traders look for direction

HONG KONG, May 5- China's yuan held steady against the dollar on Tuesday, after the central bank set a weaker midpoint for the second day to reflect global dollar strength. The People's Bank of China set the midpoint rate at 6.118 per dollar prior to market open, weaker than the previous fix of 6.1165. The spot market opened at 6.2085 per dollar and was changing hands...
Source: Reuters
PartnerRe rejects Exor's offer, says it will merge with Axis

NEW YORK- PartnerRe rejected an offer from Italian investment company Exor, saying it will go ahead with its combination with competitor Axis Capital. PartnerRe Ltd. and Axis Capital Holdings Ltd. agreed to combine in January in an all-stock deal. Exor offered to buy PartnerRe in April for $6.16 billion in cash, or $130 per share.
Source: The Associated Press
China's yuan falls after weak factory sector survey

HONG KONG, May 4- China's yuan edged down against the dollar on Monday after a private survey showed activity at the country's factories shrank at the fastest rate in a year. The HSBC/ Markit Purchasing Managers' Index fell to 48.9 in April- the lowest level since April 2014- from 49.6 in March, as demand faltered and deflationary pressures persisted.
Source: Reuters
CNH misses Street 1Q forecasts

BASILDON ESSEX, Britain _ CNH Industrial NV on Thursday reported first-quarter net income of $22 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. Four analysts surveyed by Zacks expected $6.46 billion.
Source: The Associated Press
CNH Tracker-Robust fund inflows underpin dim sum bond performance

However, the situation is changing as the landmark Shanghai- Hong Kong stock connect scheme saw robust southbound flows in the past few weeks, which greatly eased the offshore yuan market's tight liquidity. The stock connect has brought in a net 50 billion yuan into Hong Kong in the past month, according to Reuters calculations, thanks to increased demand for...
Source: Reuters | By: Michelle Chen
China's yuan weakens on pre-holiday dollar demand, downside seen limited

SHANGHAI, April 30- China's yuan weakened versus the dollar on Thursday as corporate dollar demand ahead of the coming long weekend offset a stronger central bank midpoint, traders said. The People's Bank of China set the midpoint rate at 6.1137 per dollar prior to market open, firmer than the previous fix 6.1169 and equalling the multi-month high it fixed on Dec....
Source: Reuters
China's yuan edges higher on signs of continued official support

SHANGHAI, April 29- The yuan firmed on Wednesday amid signs of official support as the central bank set its daily guidance rate at a four-month high, and state-owned banks continued selling dollars, traders said. The People's Bank of China set the daly midpoint rate at 6.1169 per dollar prior to market open, its peak since Dec. 17, 2014, and 0.07 percent firmer than...
Source: Reuters
GM Venezuela cuts workforce by 13 pct, Ford output halted -union

CARACAS, April 28- The Venezuelan division of General Motors Co has sacked 13 percent of its workforce and the local Ford Motor Co plant has halted operations as a shortage of hard currency has left the companies unable to acquire parts, a union leader said on Tuesday. A representative for General Motors de Venezuela said the company had no comment.
Source: Reuters | By: Eyanir Chinea
China's yuan rebounds on suspected c.bank support, firm midpoint

SHANGHAI, April 28- China's yuan rebounded against the dollars on Tuesday after the central bank set a firmer midpoint, with traders suspecting big state-owned banks sold dollars to support the currency. The People's Bank of China set the midpoint at 6.1209 per dollar, a fresh three-month high, prior to the market open, firmer than the previous fix at 6.122.
Source: Reuters