Opinion
Madan Sabnavis: De-dollarization is an idea whose time hasn’t come
The US froze Russia’s dollar assets in 2022 and stunned global holders of US bonds as forex reserves. But the world is stuck with dollar dominance as no other currency can take over its role.
In balancing risks and rewards, China set to leave lending rates unchanged in Feb
China is expected to leave its benchmark lending rates unchanged on Thursday, a Reuters poll showed, as authorities walk a ...
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Chinese yuan weakens to 7.1705 against USD Wednesday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 8 pips to 7.1705 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System. In China's ...
How Dirty Money From Fentanyl Sales Is Flowing Through China
Chinese money brokers are teaming up with Mexican cartels, greasing the wheels of the fentanyl trade, U.S. officials say.
Rupee dips to 86.95, dollar gains against Asian majors
The rupee fell by 8 paise, closing at 86.95 against the US dollar on Tuesday due to demand for dollars linked to maturing non ...
GT Voice: China’s resolve to safeguard yuan stability cannot be underestimated
Amid rising global economic uncertainties and ongoing trade tensions with the US, the yuan has recently faced renewed ...