You Searched For "China currency" and got 20 results
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3 mins read
People in China continue to buy gold even as the currency remains weak!
Record-high gold prices driven by global uncertainties and central bank rate cuts lead to increased…
Huileng Tan
2 mins read
China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says
Ruble volatility will get worse in Russia amid fresh US sanctions, but this offers a way for the Ch…
Filip De Mott
2 mins read
China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.
In a recent global survey of 1,660 enterprises, many respondents said their trading partners were u…
Huileng Tan
8 mins read
Bitcoin miners got kicked out of China. Now they're sucking America dry.
Chinese-owned bitcoin mines are popping up in rural towns across the US. And they require massive a…
Taylor Dorrell
3 mins read
De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says
Dollar dominance is sticking around for at least the next few decades, one currency expert told Bus…
Jennifer Sor
5 mins read
Countries from Russia to China are building payments systems that could threaten the dollar's global dominance
Cryptocurrencies, SWIFT alternatives, and even the barter system could reshape global payments amid…
Huileng Tan
2 mins read
LVMH is waiting for China's consumers to shop at home
LVMH is continuing to spend big on marketing in China, even amid the country's economic gloom.
Huileng Tan
3 mins read
The luxury outlook in China just keeps getting worse
Gucci's parent company said on Wednesday that it continued to see a "deceleration" in Asia-Pacific …
Lian Kit Wee
3 mins read
It looks like the party's over for luxury goods in China
Luxury retailers say they've been hit by slumping sales in China, while tourism spending in Japan b…
Grace Dean
2 mins read
The Fed's lack of innovation with the dollar means China, India, and others will dominate the digital currency race
US policymakers are miscalculating the resources it takes to keep up with rival digital currencies,…
Phil Rosen
2 mins read
Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.
Due to US secondary sanctions, Chinese banks are now extremely cautious about processing payments f…
Huileng Tan
3 mins read
3 reasons the dollar can't be dethroned as the world's dominant currency, according to Morgan Stanley
The US dollar won't be displaced by any of its rivals anytime soon, Morgan Stanley said.
Jennifer Sor
2 mins read
Everyone is visiting Japan. An extended currency slump means the tourists will just keep coming.
Tourists are staying longer and spending more as the yen continues its slide against the dollar.
Shubhangi Goel
1 min read
China boosts Argentina's access to the yuan under currency deal as peso plummets
Argentina's president said the country can now tap $6.5 billion worth of Chinese yuan, up from $5 b…
Aruni Soni
2 mins read
China's trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned
Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.
Huileng Tan
3 mins read
De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, …
Huileng Tan
4 mins read
India the third biggest gold buyer in May, after Switzerland and China: WGC
According to the World Gold Council's latest commentary, the month saw a resurgence in inflows, pri…
ANI
2 mins read
De-dollarization is 'a myth,' and there's no big shift taking place away from the US currency, commodities expert says
Practically no one is phasing out the dollar in trade or in foreign reserves, one leading commoditi…
Jennifer Sor
2 mins read
These 5 global currencies have tumbled this year as delayed rate cuts have supercharged the dollar
The US dollar index is trading at a six-month high as hopes of a Fed rate cut fade, and it's come a…
Filip De Mott
1 min read
China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…