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Chinese yuan’s forex market share grows to 8.5% as global position firms: BIS survey

The Chinese yuan’s share in global foreign exchange (forex) trading climbed to 8.5 per cent this year while maintaining its…

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New Business

Why China’s yuan can be safe-haven currency – former bank official flags its ‘advantages’

The yuan has the potential to become a safe-haven currency, a former central bank official said while calling for capital-control…

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New Business

Trump has worst 100-day returns for US stocks, dollar in 50 years; Hong Kong gets boost

US President Donald Trump delivered the worst returns in half a century for American stocks and the dollar during the…

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New Business

Battered dollar drifts lower on tariff nerves

The dollar drifted lower on Monday after an early bump off a three-year low, as investor confidence in the world’s…

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