How PayMe’s 3.3 million users and Hong Kong firms could start using stablecoins
For Hong Kong’s 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends…
As global yuan use expands, questions resurface about China’s world-leading forex reserves
A report from a leading Beijing university has revived discussions about the “optimal size” of China’s foreign exchange…
Can China’s roaring trade engine power the yuan’s challenge to the US dollar?
In the run-up to this year’s ‘two sessions’ – the annual meetings of China’s top legislature and political…
Fading US dollar trust threatens world economy, ex-IMF official Zhu Min warns
Dwindling global trust in the US dollar is one of the most prominent risks facing a vulnerable world…
China’s plan to internationalise yuan quietly takes a step forward as Zambia gets on board
As of January, Zambia has begun collecting taxes and royalties from Chinese mining firms in yuan, and will…
Bank of Canada maintains rate at 2.25% as growth stalls in Q4 while trade and geopolitical risks remain high – KITCO
Bank of Canada maintains rate at 2.25% as growth stalls in Q4 while trade and geopolitical risks remain…
In the age of Trump, are ‘safe-haven’ US assets not so safe any more?
For decades, the US dollar has served as the currency of global reserve, the de facto anchor for…
China cuts US Treasury holdings to lowest level since 2008 amid debt ceiling fears
China reduced its US Treasury holdings in October to its lowest level in 17 years, as mounting concerns…
IMF’s multimillion-ounce ‘hoard of gold’ could fund debt relief for African countries – G20 report – KITCO
IMF’s multimillion-ounce ‘hoard of gold’ could fund debt relief for African countries – G20 report KITCO Africa Pays ‘Scandalous’…
Next financial meltdown could be much worse with US on sidelines
This is the second in a two-part series. Read part one here. Globalization has always had its critics…