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In particular, the rise of stablecoins pegged to the US dollar is reshaping the global currency competition landscape.
Fortescue has successfully syndicated a Renminbi (RMB)-denominated syndicated term loan facility of 14.2bn yuan ($2bn). This ...
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1405 as compared to Friday's fix of 7.1382 and 7.1845 Reuters estimate.
SHANGHAI] Chinese companies sold a record amount of currency options in the first half of this year as domestic businesses, ...
The renminbi or RMB is the national currency of China, the arch rival of the U.S. in trade. As the Trump administration ...
In Hong Kong, China is testing stablecoins in fear of capital flight with an aim of challenging the dollar and globalizing ...
As global currency competition intensifies in the digital space, Chinese economists are urging a dual-track approach to ...
China wants to roll out its first stablecoins to push the renminbi into more global markets and challenge the dominance of ...
SINGAPORE]  BHG Retail Reit’s distribution per unit (DPU) fell by 12 per cent to S$0.0022 for its first half year ended June, ...