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China's Changxin Memory delays IPO, eyeing valuation of $19.5bn - Business & Finance

BEIJING: Chinese chip maker Changxin Memory Technologies Inc (CXMT) is delaying its initial public offering (IPO) . ....

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Gold Price Touches Chinese Record as Comex Bulls Bet on Fed Rate Cuts

Gold prices reversed an early pop versus the US Dollar on Tuesday but began 2024 with a Chinese Yuan record as Comex speculators grew their bullish bets amid expectations for Fed rate cuts ....

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yuan news: How China talked markets out of a run on the yuan

This year, as China s economy wobbled and money left the country, the PBOC took a starkly different approach, defending the currency by signalling to markets what kind of selling it would and would not tolerate. ....

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Payment woes delay supply of Russian Sokol oil to India: Sources

Indian Oil Corp (IOC)is facing delays in receiving shipments of Russian Sokol crude oil due to payment issues. The annual deal with Russian oil major Rosneft, which includes Sokol, has been affected as Sakhalin-1 LLC, the unit of Rosneft supplying Sokol oil to IOC, struggles to open a bank account in the UAE for dirham payments. The payment challenges arise from the Indian government s advice to use UAE dirhams instead of Chinese yuan, with private refiners still using yuan. ....

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