The renminbi has overtaken the euro to be the second most-used currency in trade finance, accounting for 8.66 percent of activity in October, financial cooperative SWIFT said in a statement Tuesday. T ...More
EJ Insight2013-12-03
... ands. The swift and high-profile responses to China’s ADIZ from the US and its allies are largely political gesturing and mind games. Although the possibility of accidental military clashes in the reg ...More
EJ Insight2013-11-29
Rumor has it that US carmaker Tesla Motors (TSLA.US) is moving at swift pace to develop the first entry-level version of its popular electric sedan. If the speculation turns out correct, the new mod ...More
EJ Insight2013-10-30
Yuan-denominated customer payments -- a proxy for renminbi trade settlement -- leapt 163 percent over the past 12 months in Europe, financial cooperative SWIFT said in a statement Tuesday. The pace fa ...More
EJ Insight2013-10-29
A series of good news has emerged this October to suggest an increasingly globalized renminbi. On Oct. 8, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) said the yuan was the ...More
EJ Insight2013-10-17
... t to take swift action to resolve the dispute. But now that expectation was raised, people may feel more disappointed if the diplomatic offensive ends in another fiasco. The families of the victims, t ...More
EJ Insight2013-10-11
China's renminbi became the world's eighth most traded currency in August, up from 11th spot in January last year, financial cooperative SWIFT said in a report Tuesday. The renminbi was the 12th most ...More
EJ Insight2013-10-08
