currencies

New Business

Did Trump get his ‘Big Beautiful Bill’ at the US dollar’s expense?

The passage of a sprawling budget bill has raised concerns over the long-term debt of the United States, which analysts…

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New Business

China’s yuan fixing rate hits 2-month high as US dollar drops

China’s central bank set the yuan’s daily fixing against the US dollar at its strongest level in more than two…

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New Business

Offshore yuan gets a lift as market awaits outcome of US-China trade talks

With reports circulating of a breakthrough in China-US trade talks, the offshore yuan jumped in value against the US dollar…

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New Business

China’s yuan hits lowest level in months as Trump tariff threats roil currencies

Both the onshore and offshore yuan have weakened to their lowest levels in months against the US dollar, as the…

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New Business

China’s plans for yuan unfazed by Trump’s pledge to protect ‘mighty US dollar’

China may need to exercise caution when promoting the overseas use of the yuan over the next four years, analysts…

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New Business

China’s yuan hits internationalisation landmark with record share of global payments

Swift payment data is a major indicator for the relative status of international currencies. Other metrics include frequency of use…

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New Business

As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

A deepening of economic relations between China and Saudi Arabia will advance the use of the yuan for oil purchases,…

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New Business

China’s interbank system promoted as safeguard against Swift consequences

China should promote its indigenous cross-border interbank system to reduce risks to its financial security, a senior researcher for a…

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New Business

Exclusive | Nobel-winning economist Michael Spence on China’s future in a tech-driven world

However, over time – partly because of China’s own growth and development and partly because of the growth of other…

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Tech

Opinion | US-China trade war could be the death knell for advanced economies

The US’ China containment strategy and its shift towards re-industrialisation are shrinking the market for competitive industries in high-income economies.…

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