The IMF could announce this week whether it wants to add renminbi to the special drawing rights basket of currencies. Some banks are betting that China has done enough.
It's was well covered in the British press, but it is worth highlighting how a volatile currency can cause misery when selling or buying a foreign business.
China’s central bank has announced a slew of monetary easing measures, including the scrapping of the deposit rate ceiling for commercial banks. Oddly enough, no one seems that bothered.
Companies setting up treasury centres in Hong Kong could be given greater scope to benefit from half-rate tax concessions, CT has learnt. However, it seems, the regulators are keen for companies to set up legal ...