Britain should relinquish its status as the euro’s financial hub in order to give eurozone members more control over the single currency, France’s central bank governor has said.
- Mon
- Mar 4, 2013
- Updated: 6:22am
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Its supporters excitedly describe it as rise of the "redback" - red for communist China as opposed to the greenback of the US.
European stock markets posted mixed results on Thursday but the pound gained ground after data showed that Britain had marched smartly out of recession, news that offset a sharp drop in profit at...
The surge of foreign exchange into the mainland last month is expected to ease pressure for monetary loosening in the near term.
But the influx is unlikely to persist, given the gloomy...
The US$4 trillion-a-day foreign-exchange market is losing confidence in central banks' abilities to boost a struggling world economy.
Shanghai's hard-currency B shares dropped for the fourth consecutive day yesterday, posting its biggest one-day loss in 10 months, amid rising fears about the tiny market's fate.
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The 2012 Olympic Games aren't due to begin for another 10 days, but China has already taken the gold medal for competitiveness.
If an investor decides to take the plunge into foreign-currency investments, there are plenty to choose from.
A HK$10 note may look like a thin, shiny piece of paper, but if you think carefully, it's worth more than it looks. If dollar notes were only colour-printed handouts, none of us would need to...
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