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CHINA could use the digital yuan in a cross-border "regulatory sandbox” program to test capital account convertibility between Shenzhen and Hong Kong, according to a proposal by a senior central bank official.
WHILE the Dollar Index (DXY) was muted at the start of the week, firmer bids were seen towards the end of the week, closing at two weeks high of 90.51 or up 0.53% week-on-week (w-o-w).
Financial industry is essential in fighting climate change, Al Gore and other Green Swan conference speakers say
‘The entities responsible for emitting an endless stream of greenhouse gas pollution, and their investors, will be held accountable,’ says Al GoreBenefits of embracing renewable energy in economic growth, job creation, saved lives and improved lifestyles are called ‘win-win opportunities’
BEIJING, May 31: China's central bank (People’s Bank of China) has finally acted to deter further yuan appreciation. Will this work? Is this a backward move from exchange rate liberalisation?
BEIJING (China Daily/ANN): The renminbi strengthened against the US dollar to reach 6.3858 on Friday, a record high since May 2018, but experts said the Chinese currency's rapid appreciation may not last long as market forces will result in a two-way fluctuation of the exchange rate.
Emerging Markets: Philippines recoups losses, set to post 8% weekly gain as Taiwan leads most Asian shares higher
Philippine shares recouped losses accrued earlier in the session to rise 0.1% Taiwan led most of Asia's emerging market equities higher on Friday.
SHANGHAI: China’s yuan advanced to a three-year high in onshore markets as the central bank signalled that it’s comfortable with a recent rally by setting a strong daily reference rate.
Summary of business stories on economy, MCO 3.0, cryptocurrencies, AirAsia X, Genting and Maybank from May 17 to 23.
NEW YORK: Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China (PBoC) conveyed a statement reiterating that digital tokens can’t be used as a form of payment.