No Time Frame for Yuan Move -China
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There is no time frame for a shift  away from Beijing's tight currency peg and the United States is  mistaken if it thinks it will reap big benefits from a move, a  top Chinese central bank official said on Sunday.
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China's foreign exchange regulator  crushes rumours that yuan revaluation could take place soon.
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Chinese officials reiterated their country would move toward a flexible foreign exchange rate, but offered no new specifics on the timing in a joint statement issued on Friday after talks with high-level US officials.
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China's yuan hits new highs amid speculation of a deal with the US to settle long-running rows over the currency.
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Chinese officials reiterated their  country would move toward a flexible foreign exchange rate, but  offered no new specifics on the timing in a joint statement  issued on Friday after talks with high-level U.S. officials.
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The money-transfer company isn't taking a breather.
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In WASHINGTON story headlined &quot;IMF says loosening of yuan in China&#39;s interest&quot; please read in first paragraph ... undervalued ... instead of ... overvalued ... (corrects direction). WASHINGTON, Aug 25 (Reuters
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China's foreign exchange regulator denied Wednesday that Beijing has manipulated the value of its tightly controlled currency, a politically volatile issue with the country's trading partners.
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China faced diplomatic pressure from   rich countries on Saturday to let its currency rise faster to   ease imbalances in trade and capital that pose one of the   biggest risks to the health of the global economy.
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TOKYO (CBS.MW) - The Bank of Japan&#39;s latest tankan survey shows why Japan can afford to wait, and did not fight the yen&#39;s strength against the dollar with currency intervention.
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Finance ministers and central bank governors from the Group of Seven industrialized countries held off taking any concrete actions Saturday to alter the value of the dollar, the euro or other currencies.
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China came under renewed pressure Saturday from the Group of Seven to make its yuan more flexible, while Japan emerged from the meeting without a public scolding, despite criticism beforehand that its weakened yen was hurting other economies.
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WASHINGTON (CBS.MW) -- Chinese finance officials repeated Friday their commitment to move toward a flexible, market-based foreign exchange rate but didn&#39;t outline specific plans to do so after consultations with US economic officials Thursday.
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Need capital? China's here to help. Just ask Morgan Stanley.
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In the face of growing international pressure, Chinese officials told top US officials on Friday that they would continue to push ahead with plans to float or revalue their currency, but avoided giving a date to begin the transformation.
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G7 finance ministers say China should allow its currency, the yuan, to rise more quickly to ease inflation pressures.
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China on Monday emphasized its determination to keep its currency stable despite ongoing pressure from the United States.