Russia tried to find ways to minimise the bite of sanctions. Russian businesses are using RMB to settle more of their trade. They are also ...

The Renminbi Liquidity Arrangement, which could be used in periods of market volatility in the future, initially includes the PBOC, the Ban...

Recently released SWIFT data shows that India’s use of (Renminbi) RMB for payments by value with China and Hong Kong is on the rise, but th...

Asian markets are expected keep sentiment bullish in 2016 as well with the introduction of pro-gold schemes, World Gold Council said today.

China's central bank has issued its first offshore renminbi note in London coinciding with President Xi Jinping's high-profile visit to the...

The Chief Economic Adviser said investment from companies like Foxconn of Taiwan and Xiaomi of China suggest that companies based in China ...

RMB is now the world's second trade-finance currency, fifth payment currency, and sixth foreign-exchange currency, said a report.

China's yuan will one day compete for a place alongside the mighty dollar as a reserve currency hoarded by central banks, say analysts.

India accounted for $4.5 bn of IFC's committed investment portfolio as of June 30, 2013--more than any other country.

Chinese currency renminbi is unlikely to supplant the US dollar as the world's reserve currency in the near term, former US Treasury Secret...

ADB's Board of Directors on Tuesday approved the inclusion of rupee and renminbi in their Trade Finance Program, which so far had the dolla...

China is likely to put in place an international system of payments to facilitate cross-border yuan transactions which have risen to new hi...

The global economy is moving towards a new monetary system with gold emerging as a preferred alternative to existing asset, World Bank pres...

Robert Zoellick urged world's leading economies to consider returning to a modified gold standard as fears of an upcoming currency war moun...

A study by India's central bank, the RBI, has mooted the idea of floating the rupee as a global currency, but asked the government to caref...

Indian economy is expected to grow at a faster rate than neighbouring China in the near future, a top Chinese official said today.

The Chinese yuan has a long way to go before it is ready to be an international currency, a top central bank official said Tuesday, despite...