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China’s yuan on the rise in oil trade, but petrodollar here to stay: report

The expansion of China’s digital yuan and financial technology are helping to boost yuan settlements in the crude trade and…

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New Business

To boost China’s yuan, central bank makes it easier for firms to borrow more foreign debt

China’s central bank has mounted a stronger defence for the yuan and the domestic foreign exchange market, as the country…

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New Business

Hong Kong stocks on course for 4-month low as US jobs data dampens rate-cut hopes

Hong Kong stocks retreated to an almost four-month low as robust US job data pared bets that the Federal Reserve…

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New Business

China’s central bank rhetoric on yuan stability takes aim at depreciation risks

China’s central bank has signalled its resolve to stabilise the yuan’s exchange rate, with a stronger tone taken during its…

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New Business

China’s yuan hits 2-year low, Asian currency pressure rises, as US dollar strengthens

With the offshore yuan having plunged to its lowest level in more than two years against the US dollar as…

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New Business

Macroscope | Central banks forsaking gold for bitcoin would be height of folly

Gold is a marvellously flexible precious metal, commodity or form of money adaptable to different cultures, currencies and ideologies. These…

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New Business

Opinion | In a world fraught with risk, Trump will add to the bumps

With the return of the highly unpredictable Donald Trump as US president in January next year, how should one manage…

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New Business

US Fed’s hawkish rate-cut forecast slams China’s yuan

The offshore yuan weakened overnight and broke a key psychological level of 7.3 per US dollar, as the US Federal…

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New Business

Macroscope | Trade protectionist measures by the US and others put world on path to war

US president-elect Donald Trump’s tariff threats are making headlines, but they are among the least of the problems facing the…

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New Business

China urged to anchor yuan to non-US dollar currencies to empower domestic tools

China’s policymakers should consider anchoring the yuan exchange rate to a basket of non-US dollar currencies to create more flexibility…

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