Tags » Yuan

Chinese yuan penetrates African markets

Source: Africa Renewal, by Tonderayi Mukeredzi

Could it be the next global reserve currency?

In March this year Zimbabwe joined a growing list of countries in Africa and the world using the Chinese currency, yuan, also known as remnibi (RMB), as one of its official currencies after its central bank added the RMB, the Japanese yen, the Australia dollar and the Indian rupee to the existing basket of currencies. 824 more words

Economy

China’s FX Regulator: No Concern Amid Capital Outflows, In Line With Reforms R

China’s foreign currency regulator said on Thursday that there is no concern amid signs of foreign exchange outflows as economic growth slows, adding that the recent decline in forex reserves was in line with Beijing’s policy goals, Reuters reports. 293 more words

Emerging Markets

Journalists' Sources Suggest General Carter F. Ham Took Over United States Government

It is possible that General Carter Ham quietly took over the United States government in the last few weeks.  http://www.theeventchronicle.com/intel/benjamin-fulford-did-the-dragon-family-take-control-of-the-federal-reserve-board/

The reason cited is major changes in the global economic system related to the ceasing of printing US petrodollars for international loans. 24 more words

US News

Morning Mouthful, 14/10/2014 - Chinese QFII quotas not big enough!

Running off the rather positive news smattering by Bloomberg yesterday, here comes perhaps the biggest one.

US ETF’s look massively primed to pounce on the Hong Kong-Shanghai Stock Connect, and that is even without considering what the vanilla equity managers are set to do. 1,625 more words

Market Reflections

(What's Left of) Our Economy: China Could Soon Follow the Trade Growth Recipe U.S. Urgently Needs

For a long time, I’ve joined with many others in arguing that reducing the U.S. trade deficit is the nation’s best option for strengthening the still historically feeble economic recovery. 397 more words

{What's Left Of) Our Economy

Russia, Iran to boycott US dollar in bilateral trade

Infowars
October 2, 2014

Russia and China also agreed to trade with each other using the ruble and yuan

The move away from the U.S. dollar is yet another reaction to Western sanctions placed on Russia since it annexed Crimea from Ukraine in March. 259 more words

Economic News

Why Hong Kong's protests matter to the global economy

Hong Kong’s pro-democracy activists slowed parts of the city to a crawl on Monday, with schools and shops shut because of the “Occupy Central” protest… 904 more words