Browsing Tag
Chinese Yuan
China’s economic recovery stalls amid debt, property slump – Is stimulus likely?
China's efforts to recover from an…
Argentina chooses Chinese Yuan over US dollar amid economic crisis
Argentina's economic crisis and South American nation's continued reliance on the US dollar has resulted into an opportunity for Chinese Yuan that Bejing didn't see coming. Many leading companies are now embracing the Chinese Yuan, a…
Argentina chooses Chinese Yuan over US dollar amid economic crunch
Argentina's economic crisis and South American nation's continued reliance on the US dollar has reaped an opportunity for Chinese Yuan that Bejing didn't see coming. Many leading companies are now embracing the Chinese Yuan, a currency that…
Pakistan keen to pay for Russian oil imports With Chinese yuan – Times of India
ISLAMABAD: Pakistan has placed an order for a single cargo of Russian oil, but is keen for a long-term deal to buy the crude in Chinese currency, according to the country’s power minister.The payment for the first shipment has been made in…
India to discourage foreign trade settlement in Chinese yuan, say sources
India has asked banks and traders to avoid using Chinese yuan to pay for Russian imports, three government officials involved in policy making and two banking sources said, because of long-running political differences with its neighbour. …
China stepping up efforts to stem the yuan’s descent: Report
News agency Reuters on Thursday (September 29) reported that China is stepping up efforts to stem the yuan's descent. Citing four sources with knowledge of the matter, it reported that China's central bank has asked major…
How Ultratech Cement Bought Russian Coal Using Chinese Yuan Through HDFC Bank: Report
<!-- -->How an Indian cement maker bought Russian coal using yuan: ReportAn Indian cement maker's recent purchase of Russian coal using yuan involved India's biggest private lender, HDFC Bank, according to an invoice seen by Reuters…
How a cement maker bought Russian coal using yuan – Times of India
NEW DELHI: Cement maker's recent purchase of Russian coal using yuaninvolved India's biggest private lender, HDFC Bank, according to an invoice seen by Reuters and a source, as more details emerge of the kind of trade that could blunt…