
AI-generated summary
The People's Bank of China has denied claims that the currency is undervalued.
After the People's Bank of China denied claims of undervaluation, the yuan hit a four-year high. Bloomberg reported this.
The corresponding indicator calculated by the agency rose to 103.9 on October 9, reaching its highest level since April 2022. The increase since the beginning of the year has exceeded five percent. It is noted that the Chinese currency is also near a multi-year high against the dollar and more than a year's high against the euro.
According to forecasts, in the first half of October the yuan may noticeably strengthen against the ruble. It is possible that the Chinese currency will break the 12.8 ruble mark.
AI outlook — possibilities, not facts
The yuan may strengthen against the ruble and break through the 12.8 ruble mark
Possible · Within weeks

The percentage of refusals on applications for retail loans in Russia decreases from July to September: from 80.9% to 79.2%. Despite the improvement in the trend, the indicator remains high due to the conservative policies of banks and tightening regulation of the Central Bank. The refusal rate for reliable borrowers is 50%.

In July 2026, German courts registered 2,373 bankruptcy filings for businesses, which is 8% more than in the same period last year. The highest level of insolvency was observed in transport, hotel business and construction.

Digital finance is undergoing revolutionary development against the backdrop of the formation of new rules, said PSB Deputy Chairman Olga Myamlina at the Global Digital Forum. According to her, the law on digital currencies has opened up new opportunities for the bank.

VK Holding is challenging the decision of the EU Council to include the company in the sanctions list, considering it illegal and unfounded, and demands that the sanctions imposed in July be lifted.

The main barrier to the formation of savings for 42 percent of Russians is high consumer expenses, a study by Roskachestvo and Finance Mail showed. Another 39 percent of respondents said that their income is only enough for current expenses.

The Russian stock market opened higher on Friday during the main trading session, with MOEX and RTS indices ticking up, while the yuan reversed early gains to trade lower.