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PBOC hints at opening offshore yuan trade to domestic banks
(27 June 2016 – China) The People’s Bank of China (PBOC) said it is considering allowing domestic banks to participate in offshore yuan trade, as the country looks […]
(27 June 2016 – China) The People’s Bank of China (PBOC) said it is considering allowing domestic banks to participate in offshore yuan trade, as the country looks […]
(27 June 2016 – New Zealand) The Kiwi dollar dropped to a 10-day low against the greenback following the UK’s vote leave the European Union. The drop increases […]
(10 June 2016 – China) Despite global uncertainty in the last year causing foreign investors to double guess investments into China, the process of internationalising the renminbi (RMB) […]
(16 May 2016 – Australia) Australian businesses’ willingness to hedge foreign exchange (FX) exposures is improving amidst a drop in average daily FX turnover, new research by East […]
(29 April 2016 – Asia) According to global transaction service provider, Swift, London has overtaken Singapore as the second-largest offshore yuan clearing centre in terms of payments processing […]
(26 April 2016 – Asia) This year continues to be challenging for the financial industry. We see certain sectors taking on greater business risk, and some de-risking their […]
(21 April 2016 – United Kingdom) Barclays’ head of foreign exchange for corporate clients, Gareth Noble, has departed. In the role of managing director, Noble led the team […]
(8 April 2016 – United Kingdom) Barclays has announced a partnership with a digital currency firm, social payments app Circle, following its recent launch in the United Kingdom […]
(6 April 2016 – Global) Western Union Business Solutions launched a new service focusing on remittances for small and medium enterprises (SMEs): WU Edge. The launch came earlier […]
(29 March 2016 – China) China's cross-border yuan payment system, better known as CIPS, is improving its security and messaging standards in an attempt to become a mainstream […]