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Stock impact report

China Seeks to Slow Yuan Gains by Cutting Cost to Short Currency [Yahoo! Finance]

MKS Instruments, Inc. (MKSI) 
Last mks instruments, inc. earnings: 4/28 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.mksinst.com
Company Research Source: Yahoo! Finance
The People's Bank of China will scrap the reserve requirement of 20% on foreign-currency forward contracts from March 2, it said in a statement. The change lowers the cost for market participants to bet against the yuan via derivative contracts with banks. Most Read from Bloomberg LA's Bankrupt ‘Graffiti Towers' Finds Buyer for $470 Million An Insurance Expert Appraises the Safety Record of Self-Driving Cars New Tax Proposal Takes Aim at Thailand's Salty Food Obsession Oslo Rebuilds Its Government Quarter with a New Focus: Openness It's a Tough Time To Be a Black Real Estate Developer The move will “support companies' management of foreign-exchange risks,” the PBOC said in the statement. Going forward, it pledged to keep the yuan exchange rate stable at reasonable, equilibrium levels and guide financial institutions to improve FX hedging services. The shift aims to check the yuan's strength after it reached multi-year highs against a softening dollar. Officials have r Show less Read more
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