BEIJING, Feb. 20 (Xinhua) -- The People's Bank of China (PBOC) will promote the use of renminbi (RMB) in cross-border payments, pricing, investment and financing, with an aim to facilitate ...

To allow for currency swap and Yuan settlement to play their respective roles. The Chinese proxy, the Australian Dollar (AUD) is unperturbed by these headlines. AUD/USD is trading 0.50% firmer on the ...

The PBOC has in recent months sought to defend the yuan as it faces downward pressure amid threats of higher tariffs.

In the past, the Middle East and Asia had significant current account surpluses by exporting a large amount of oil and ...

China left benchmark lending rates unchanged at the monthly fixing on Thursday, showing authorities are going slow with ...

The US froze Russia’s dollar assets in 2022 and stunned global holders of US bonds as forex reserves. But the world is stuck ...

Here's your snippet: "Gold has become the best performing "Trump trade" in recent weeks, outperforming other major asset classes since the U.S. president's inauguration, as fears of a trade war and a ...

China’s central bank genuinely believes that the yuan is holding the world’s financial system together. On Sunday, People’s ...

New bank loans in China surged more than expected to a record high in January as the central bank moved to shore up a patchy ...

Countries like Malaysia and Thailand have expressed interest in joining BRICS, seen as a counterweight to the West, in recent ...

Katie Martin And she was writing that there’s been a massive surge in shipments of gold to the US, creating a shortage of bullion in London. So there’s a huge stockpile of this stuff in New York.

The consistent appreciation of the exchange value of the naira has sent a shockwave through the foreign exchange (FX) market, especially among the parallel segment traders who are wary of being ...