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French minister pushes Paris as China yuan hub

France's Finance Minister Pierre Moscovici gestures while speaking during a joint press conference with China's Vice Premier Ma Kai following a signing ceremony at a France-China High-Level Economic and Financial Dialogue meeting at the Diaoyutai State Guesthouse in Beijing on Tuesday, Nov. 26, 2013. AP

France’s finance minister pushed Paris as a European hub for trading of China’s currency on Tuesday at the first high-level economic and financial dialogue between the two countries.

Posted: November 26th, 2013 in Latest Business Stories | Read More »

Taiwan adds Chinese yuan to forex reserves

AFP FILE PHOTO

Taiwan’s central bank has added the Chinese yuan to the island’s foreign exchange reserves portfolio, a top official said Wednesday, reflecting closer economic ties.

Posted: October 2nd, 2013 in Inquirer Columns,Latest Business Stories | Read More »

US declines to label China a currency manipulator

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COSTA RICA-THEME-MONEY

The Obama administration declined Tuesday to label China a currency manipulator, noting that it has let the yuan rise nearly 10 percent in value against the dollar since June 2010.

Posted: November 28th, 2012 in Latest Business Stories | Read More »

China’s currency under pressure as growth slows

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AFP FILE PHOTO

China’s currency is facing strong downward pressure this year as the country’s once surging growth rates slow amid a stalling global economy and signs of capital flight after years of inflows.

Posted: August 19th, 2012 in Latest Business Stories | Read More »

BSP backs yuan as major international currency

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The Bangko Sentral ng Pilipinas sees a benefit in the push to make the Chinese yuan a major international currency and an alternative to the US dollar.

Posted: August 15th, 2012 in Headlines | Read More »

China and Japan begin direct currency trading

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Most foreign portfolio investors divested their Philippine interests last month, letting go of holdings of listed shares, government IOUs and time deposits, and took their cash back to the United States. AFP FILE PHOTO

China and Japan started direct currency trading on Friday as Beijing marked another stage on its journey to foster the yuan’s use internationally in line with its growing economic clout.

Posted: June 1st, 2012 in Latest Business Stories | Read More »

Experts see demise of dollar as world currency

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US dollar bill

It may only be a matter of time before the US dollar gets replaced as the main currency in international trade, according to economists attending the meeting of the board of governors of the Asian Development Bank.

Posted: May 4th, 2012 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

China Bank offers yuan accounts to depositors

SY-LED CHINA Banking Corp. now allows depositors to set up yuan savings accounts in anticipation of the currency’s rise in the international community, supported by China’s rapidly expanding economy. In a statement on Friday, China Bank said yuan savings accounts would be available in select branches in Metro Manila initially, with the rest of the [...]

Posted: June 18th, 2011 in Headlines | Read More »

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