Tag: Yuan

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Asia stocks scale 4-month high on reopening of Chinese economy

Asian shares rose on Thursday on hopes for China's emergence from the pandemic, while the dollar found support after analysts spotted a warning against...

The yuan’s the new dollar as Russia rides to the redback

Chinese entrepreneur Wang Min is delighted about Russia's embrace of the yuan. His LED lights company can price contracts to Russian customers in yuan...

Russian rouble weakens on weaker oil

The Russian rouble weakened against the U.S. dollar on Thursday on weaker oil, with analysts expecting it to reverse the trend next week as...

Yuan falls to lowest since 2008 global crisis, despite state bank support

China's yuan fell on Friday to its weakest level against the dollar since the global financial crisis of 2008, despite attempts by major state-owned...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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