China has chosen Saudi Arabia as the site for its next offering of US dollar bonds. It’s China’s first such offering in three years, and shows...
Russian President Vladimir Putin tempered expectations on de-dollarization at BRICS’ summit. BRICS aims to use local currencies, not create a SWIFT alternative, said Putin. BRICS countries...
Russian President Vladimir Putin is hosting the BRICS summit in Kazan, Russia. Putin is touting trade in local currencies, a move away from the US dollar....
Russia is hosting a BRICS summit this week, showing the limits of attempts to isolate it. The grouping is buoyant after ballooning from five members to...
Preventing Hongkongers from spending their cash in mainland China would be an unrealistic and inappropriate move, Chief Executive John Lee Ka-chiu has said, arguing the city...
China’s yuan is set to face volatility due to an expected boost from Beijing’s economic stimulus package while simultaneously being pitted against pressure from the United...
Western sanctions have forced Russia to rely on the Chinese yuan for reserves and trade. China is concerned about sanctions, too. But unlike Russia, it lacks...
The U.S. dollar has been on a downward trend over the past few months, and while this might initially seem concerning, Yahoo Finance anchor Madison Mills...
A separate joint statement from several central government departments said that mainland residents aged 18 or over could have their duty-free allowance raised to 12,000 yuan,...
The finance chief also stressed that “simply repeating past operating models” would fail to achieve growth. “The good news is, the market remains quite prosperous, and...
Date 6/23/2024 11:18:17 PM (MENAFN– Newsroom Panama) The World travel and tourism Council estimates that activity in Panama will be...
A group of major emerging countries is working on a way around the dollar — but they face an uphill battle to diminish the greenback’s dominance....