Yuan attains four-week high as China signals support, revives X-factor for fixing

China’s yuan finished Monday afternoon trade at a near 4-week high to the dollar after the central bank revived a “counter-cyclical factor” in its daily fixing to support the currency, halting a record 10-week slide that rattled global markets and irritated Washington. The announcement was seen as the latest signal from the People’s Bank of […]

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Tokyo Stocks Close Higher As Asian Bourses Rally

A relatively cheaper yen against the dollar and rallies in other Asian markets has boosted the Tokyo markets, closing higher on Monday.The benchmark Nikkei 225 index rose 0.88 percent or 197.87 points to close at 22,799.64 while the broader Topix index ended up 1.16 percent or 19.75 points at 1,728.95.Japanese shares, which opened higher encouraged […]

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