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CHINESE YUAN TRANSACTIONS
China state refiners considering resuming Iran oil imports, sources sayChina's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a...- Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
- From lottery draws to fiscal spending, China broadens digital yuan footprintIn a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and beh...
- Alibaba to exceed planned AI spending and says margin is secondaryAlibaba plans to spend more than its projected 380 billion yuan on Artificial Intelligence over three years. The company reported quarterly...
- US CEOs seek China business gains from Trump-Xi summitAmerican business leaders are heading to China for a summit with President Xi Jinping. They aim to resolve ongoing business challenges and ...
- Chinese firm shuts Gwadar plant in Pakistan, lays off workers amid lossesA Chinese firm has ceased operations in Gwadar citing business difficulties. This development raises concerns ahead of Prime Minister Shehb...
- Thomas Cook India adds 16 currencies to its prepaid forex cardsThomas Cook India has increased its prepaid Forex Card offerings to 28 global currencies. This expansion caters to growing travel demand to...
- West Asia War: US' new sanction on a mega Chinese refiner can shake the world’s supply chains — and it’s bigger than oilWest Asia War: United States sanctions on China's Hengli Petrochemical create new worries in West Asia. The move targets a major Chinese re...
- Yuan to top Yen in currency options trading: LCHThe yuan is poised to surpass the yen as the second-most traded currency against the dollar in foreign-exchange options, according to LCH. ...
- Alibaba aims to raise $5 billion in dual currency bond deal, sources sayAlibaba Group, the Chinese e-commerce giant, is looking to raise $5 billion through a multi-tranche bond offering. The offering will includ...
- India pushes back against Russia demands to pay for oil in yuanSome Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and a...
- China displays urgency to internationalise YuanChina's efforts to internationalize the Yuan are facing challenges due to lack of trust and confidence in the currency. While Beijing's loa...
- Pakistan central bank allows yuan-based trade with ChinaThe adoption means that Pakistan and China would be able to replace the US dollar for transactions in CPEC projects.
- China’s ‘global’ currency is going local nowFor Chinese policymakers, the alternative is unthinkable. They’d have to allow the yuan to weaken significantly and probably abandon its un...
- China launches international payment system to globalise yuanIt will enhance efficiency and increase global use of the Chinese currency, said Fan Yifei, vice president of the central bank, the People'...
- China eases restrictions on branch openings and yuan transactions by foreign banksChina will drop from Jan 1 the requirement that a foreign bank's parent transfer a specific level of operating funds to any new Chinese bra...
- Shanghai’s move to trade Yuan may hit Hong KongPlans to adopt a convertible yuan in Shanghai’s new free-trade zone are posing the biggest challenge yet to Hong Kong’s role.
- China to set up new international payment system for yuanChina is likely to put in place an international system of payments to facilitate cross-border yuan transactions which have risen to new hi...
- China to remove barriers to trade in YuanBut at the same time the Chinese government does not have any predetermined goal for the currency's international position, he added.
- Rupee-yuan trade platform sans dollar-peg soughtBankers are suggesting a simpler and less expensive mechanism that would bypass the dollar and allow trade payments in local currencies.
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