Hainan Airlines to buy 30 Boeing 787-9 jets, worth $7.7 billion by list price


- Hainan Airlines Co Ltd , China's fourth-largest carrier, said on Wednesday it plans to order 30 Boeing Co B787-9 jets as it seeks to expand international routes to tap into growing demand for overseas travel from China.

Yuan level appropriate, reflects fx supply, demand: China central bank

BEIJING - The current level of China's yuan <CNY=CFXS> is appropriate because it reflects foreign exchange supply and demand and economic fundamentals, a top central bank researcher said on Saturday, playing down talk of suspected official intervention.

21 Mar 2015

Fed rate hike view hurts Asia FX sentiment; yuan exception: Reuters poll

SINGAPORE - Bearish bets on most emerging Asian currencies increased in the last two weeks, with short positions in the Singapore dollar at a six-year high, as the Federal Reserve moved closer to raising interest rates, a Reuters poll showed on Thursday.

19 Mar 2015

Exclusive: China's international payments system ready, could launch by end-2015 - sources

HONG KONG/BEIJING - China's long-awaited international payment system to process cross-border yuan transactions is ready, and may be launched as early as September or October, three sources with direct knowledge of the matter told Reuters.

09 Mar 2015

GSK sacks 110 China staff in wake of drug bribery case: sources

LONDON - Drugmaker GlaxoSmithKline , which was fined 3 billion yuan ($479 million) in China last year for bribery, is dismissing 110 employees in the country for misconduct, people familiar with the matter said on Friday.

06 Mar 2015

China to raise defense budget 10.1 percent this year in high-tech drive

BEIJING - China will boost its military spending by 10.1 percent this year to 886.9 billion yuan ($141.45 billion) as it cranks up its development of high-tech weapons systems, the government announced on Thursday.

05 Mar 2015

China convicts 81-year-old writer who criticized propaganda chief

BEIJING - A Chinese court on Wednesday sentenced an 81-year-old writer to jail on a charge of illegal business after he criticized the ruling Communist Party's propaganda chief in online essays, but the sentence was suspended, his lawyer said.

25 Feb 2015

China orders compensation to acquitted death row prisoner

BEIJING - A court in China's southern city of Fuzhou ordered compensation of 1.14 million yuan ($182,000) to a former death row prisoner who was acquitted on charges of poisoning two children, state media said on Tuesday.

World, China 17 Feb 2015

China data shows liquidity outpaces economic growth

BEIJING - China's outstanding total social financing (TSF), a broad measure of liquidity in the economy, rose to 122.86 trillion yuan ($19.7 trillion) at the end of 2014, up 14.3 percent from a year earlier, the central bank said on Tuesday.

10 Feb 2015

China jails former Agricultural Bank VP for life for taking bribes

SHANGHAI - A Chinese court jailed the former vice president of Agricultural Bank of China Ltd for life for accepting more than 30 million yuan ($4.80 million) in bribes, including works of art and gold bars, the latest casualty in an anti-corruption drive that is now targeting the finance sector.

World, China 04 Feb 2015

The yuan charge

Participants wait to perform a dragon dance during a mass fitness programme outside the National Stadium, also known as the Bird's Nest, in Beijing June 20, 2009.

The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains.   Document