Argentine Economy Minister Sergio Massa is in Brazil on Monday to discuss the details of an agreement with radical leftist President Luiz Inácio Lula da Silva that would allow Argentina to pay for Brazilian imports using the Chinese yuan instead of the U.S. dollar, the Argentina state-run Télam news agency reported.
The collapse of Russia and China’s currencies shows why a potential BRICS currency is not a threat to the U.S. dollar, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
The International Monetary Fund (IMF) announced on Thursday that countries may use the Chinese yuan to settle their debts with their organization after Argentina paid part of its dues to the IMF in yuan in June.
The People’s Bank of China (PBOC), central bank for the Chinese Communist regime, on Tuesday pushed a massive sale of dollars by state banks in a desperate bid to prop up the cratering yuan.
Petroleum Minister Musadik Malik of Pakistan confirmed on Monday that his country made a major purchase of Russian crude oil using the Chinese yuan currency, presented as a rare public relations victory for a government struggling to contain routine riots.
Argentina struck a deal with Beijing on Wednesday to stop using U.S. dollars to pay for Chinese imports and embrace the yuan instead.
China is challenging the dollar as the world’s reserve currency as the United States seeks to decouple its economy from China, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Brazil’s radical socialist President Luiz Inácio Lula da Silva departed his country for Shanghai on Tuesday, potentially preparing to engage in “cooperation” with the Chinese Communist Party under the Belt and Road Initiative (BRI), according to Chinese state media.
Breitbart News economics editor John Carney said in an interview on Sunday morning’s Fox and Friends that the Chinese yuan is an “inevitable” and “serious threat” to the U.S. dollar being the world’s currency.
China’s trade with Russia from January to July increased by nearly 30 percent from the same period last year to reach $97.71 billion, China’s state-run Global Times reported Sunday.
Russian companies have increasingly turned to China and India to sell products originally intended for U.S.-allied markets in recent months due to Western sanctions against Moscow, China’s state-run Global Times reported on Tuesday, noting that these alternative transactions are often settled in local currencies.
Rep. Lance Gooden (R-TX) and House Republicans urged the U.S. Olympic Committee to bar American athletes from using the digital yuan during the 2022 Beijing Winter Olympics, Breitbart News has learned exclusively.
American athletes should not participate in the 2022 Winter Olympics in Beijing, China, Sen. Marsha Blackburn (R-TN) said on Wednesday.
The Chinese yuan fell in value as election results began to come in earlier tonight, and as analysts began to see a greater chance of victory for President Donald Trump.
WASHINGTON (AP) — US names China a currency manipulator after Beijing pushes down the yuan.
Pakistan’s central bank has adopted a Chinese proposal to use the yuan currency for bilateral trade and investment transactions, replacing the U.S. dollar amid Islamabad’s ongoing feud with American President Donald Trump.
Beijing is no longer America’s top creditor, ceding that position to the government of Japan after selling $41.3 billion of its U.S. Treasury holdings in October.
Contents: Nationalistic tensions increase as UK and EU drift towards Brexit; Japan’s government calls emergency meeting as yen surges after Brexit; Israel and Turkey announcing a reconciliation agreement on Monday
With China devaluing its currency, stocks crashing 3 percent and capital flight accelerating, China has cut bank its bank reserve requirements to free up $100 billion in credit.
Chinese state media stepped up a salvo of biting commentaries Wednesday against George Soros and other currency traders as the yuan comes under pressure, with the billionaire investor accused of “declaring war” on the unit. At the annual World Economic
The Federal Reserve reported foreign central-banks sold a record $47 billion in U.S. Treasuries during the first two weeks of 2016 in a desperate effort to slow the rising U.S. dollar and to avert domestic banking crises.
In approving the Chinese yuan as a 10.92 percent participant as a reserve currency in the global basket, the International Monetary Fund (IMF) warned that China’s inclusion could push up interest rates.
You might think, as many investors do, that a loss of confidence in Beijing caused the Chinese market rout, but Beijing thinks you’ll find the real culprits along the banks of the Potomac.
Contents: Kazakhstan’s tenge currency crashes 23%, leading the global ‘currency wars’; Global stock markets plummet over currency devaluations
Contents: Slovakia will accept 200 migrants — but only if they’re Christian; China’s yuan devaluation causes currency chaos in Asia
The People’s Bank of China (PBoC) weakened the yuan against the dollar for a third consecutive day on Thursday, following reports the central bank intervened to stem the currency’s sharp slide late on Wednesday.
Republican presidential candidate Donald Trump on Tuesday said China’s devaluation of the yuan would be “devastating” for the United States.
BEIJING (AP) — China devalued its tightly controlled currency Tuesday following a slump in trade, allowing the yuan’s biggest one-day decline in a decade.