The transport and logistics company said it was offering customers "various alternative options of payment" for euro and US dollar transactions

The Public Utilities Commission said it was a "black day" for the island nation as it approved the rationing power stations running out of fuel

Official says city would continue to be gateway between the Mainland and international markets, as well as a bridge for international capital

M-DAQ said it would inject fresh capital to accelerate Wallex's business, which is expected to process about $11 billion worth of transactions this year

Stefanie Holtze-Jen has been recruited from former Deutsche Bank unit DWS, where she coordinated a team to guide portfolio managers on strategy

In terms of international payments, excluding payments within the eurozone, the yuan ranked fifth with 2.29% in January 2022

Bank Indonesia reports that transactions using the local currency settlement facility reached $2.53 billion in 2021, more than double the value recorded in 2020

Progress by emerging Asian nations in using local currencies in trade and investment has strengthened the regional financial safety net, the PBOC chief said

BOC International global chief economist Guan Tao said Fed tightening may cut foreign capital inflows, shrinking China's trade surplus and helping stabilise the yuan

Slowing economic momentum and policy easing in China has cast a pall over the yuan's mid-term outlook, which is historically an ill wind for neighbours

Policymakers could increase yuan's flexibility, expand capital outflows, or control capital inflows to rein in the currency, which could deviate from economic fundamentals in the short term

Third-quarter earnings figures contrasted with the previous year, which had benefited from high trading activity thanks to a massive injection of cash into capital markets by the Fed.