IMF raised dollar weighting to 43.38% from 41.73% and yuan's to 12.28% from 10.92%. The euro's weighting declined to 29.31% from 30.93%, the yen's fell to 7.59% from 8.33% and the British pound fell to 7.44% from 8.09%
Bargain hunters were busy on Asia’s trading floors as fears of a global recession intensify with prices soaring worldwide and supply chains snarled
The central bank has made three interventions in two days, spending HK$8.533 billion (US$1.08 billion) in total to defend the local currency, which is weakening because of capital outflows
Nissan's controlling shareholder Renault said in April all options were on the table for separating its EV business, including a possible public listing, as it seeks to catch up with rivals
Zhongliang is struggling to repay notes worth $729m. Even if it wins approval to extend bond coupons by a year, it would need to pay an extra $1.25 million due to the weak yuan
China's imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation, says the Peterson Institute for International Economics.
Dennis Uy, chairman of conglomerate Udenna Corporation and listed Chelsea Logistics, plans to divest from a South China Sea gas field and a commercial land leasing company
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.