Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
Russian President Vladimir Putin is expected to meet Chinese President Xi Jinping at a summit in Uzbekistan this week. Mikhail Svetlov/Getty Images Russian commodity giants Rosneft, Polyus, and Rusal have recently issued bonds in Chinese yuan. Trade between the two countries has grown, with Russia imports to China up 59% on-year in August. Russia's finance […]
The global importance of the Chinese yuan seems destined to rise, according to strategists and economists who say flows in the currency will grow over the long term if Beijing continues to gradually open its financial system. The yuan will become more globally important as China further allows foreign capital into the country through selective […]
Moves in the Chinese currency carry rare news
MARIO DRAGHI, boss of the European Central Bank (ECB), is a polished speaker, clear and direct. Yet there was a moment after the bank’s monetary-policy meeting on September 13th when he was uncharacteristically vague. Asked how the ECB might recycle the proceeds from maturing bonds once it ends its bond-buying programme, he said the issue […]
China’s meteoric rise over the past half-century is one of the most striking examples of the impact of opening up an economy to global markets that the world has ever seen. Over that period, the country has shifted from a largely agrarian society to an industrial powerhouse, lifting nearly a billion people out of poverty […]
China’s meteoric rise over the past half-century is one of the most striking examples of the impact of opening up an economy to global markets that the world has ever seen. Over that period, the country has shifted from a largely agrarian society to an industrial powerhouse, lifting nearly a billion people out of poverty […]
“THE horse may be out of the proverbial barn.” So wrote Ben Bernanke, a former chairman of the Federal Reserve, in early 2016, arguing that capital controls might be powerless to save China from a run on its currency. He was far from alone at the time. As cash rushed out of the country, analysts […]
Published time: 16 Sep, 2017 19:11 In response to sanctions from Washington, Venezuela has started reporting its oil prices in Chinese yuan, going against the international trend of listing prices in US dollars. On Friday, the weekly Oil Ministry bulletin published its prices for September in yuan, rather than the US dollar. The price-per-barrel posted […]
Jacky Naegelen/Reuters China is reversing course and loosening some financial restrictions after the yuan’s appreciation in 2017. The People’s Bank of China will remove an October 2015 measure that made it more expensive for onshore banks to use currency forwards, as well as a January 2016 reserve requirement on foreign banks’ yuan deposits, according to the […]
