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China's quest to turn the yuan into a global currency isn't actually driven by domination. It's...
Business Insider via Yahoo News· 2 hours agoThis means Beijing has control over how much foreign money can move in and out of China's economy,...
Stock market today: Asian shares track Wall Street's retreat
seattlepi.com· 2 hours agoShares retreated Thursday in Asia after U.S. stocks fell under the weight of higher yields in the...
Moody's raises Saudi Arabia's local, foreign currency rating to 'Aa1'
Gulf Business· 5 days agoThe change in rating reflects increased predictability of policies and decision-making processes
Ghana central bank holds rate as currency slide slows disinflation
Reuters· 3 days ago, opens new tab for the second meeting in a row on Monday, as a slide in the local cedi currency has slowed inflation's decline. The West African cocoa, gold and oil producer ...
Zimbabwe authorities mix charm with force in an attempt to shore up the world’s newest currency
KOLR - KSFX Ozarks· 4 days agoHARARE, Zimbabwe (AP) — The introduction of the world’s newest currency in April inspired a reggae...
Taxation of Foreign Currency Transactions Part III: Section 988 Transactions Defined, Character &...
JD Supra· 1 day agoWhich transactions qualify as section 988 transactions? In section 988 transactions, the taxpayer makes payments or receipts denominated in or determined by reference to one or more nonfunctional currencies.
PBOC Explains Xi’s ‘Powerful Currency’ Idea, Vows Tech Support
Bloomberg via Yahoo Finance· 5 hours ago(Bloomberg) -- China’s central bank said President Xi Jinping’s idea of a “powerful currency” is one...
Yen's relentless slide revives Japan's interest in structural reforms
Reuters via Yahoo Finance· 6 hours agoData due out on Friday is likely to show Japan spent roughly 9 trillion yen late April through early...
Japanese Yen rises as traders bet BoJ implementing rate hike, Tokyo's inflation looms
The Forex Market· 2 hours agoThe Japanese Yen (JPY) snapped recent losses on Thursday, spurred by comments from Bank of Japan...
China’s yuan seeks to challenge the US dollar. But traders don’t want to use it
South China Morning Post· 1 day agoApproximately 71 per cent are private businesses, 13 per cent are state-owned enterprises, and 15...
