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Devaluation News

BlackRock Trims Byju's Valuation By 95% Bring It Down To $1 Billion: TechCrunch Report

BlackRock, the global asset manager, has once again devalued the Indian ed-tech unicorn, Byju's, marking a 95% reduction from its peak valuation of $22 billion to a mere $1 billion. The latest adjustment, disclosed in a Tech Crunch report, sheds light ...

China Tightens Control To Restrain Currency Rise

China's central bank is trying to restrain the rise of the yuan after the currency hit a 2 1/2-year high against the dollar. Commercial banks were ordered Thursday to increase the amount of their foreign currency deposits that are held as ...

What Is Yuan Devaluation?

Currency devaluation happens when the country drops the value of its currency with respect to other currencies. What this means is that if a few days ago you got $1 and bought five yuan if you devalue the currency today you ...