As Donald Trump looks to pull out of the Trans-Pacific Partnership, the remaining nations have three options available to them to salvage the situation. Either way, access to trade finance will continue to suffer.
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
Finance ministers and central bankers from the G20 group have promised to give each other a heads-up on actions that could trigger major devaluations of their currencies.
The BOJ has cut key interest rates below zero to reinvigorate Japan’s economy where most options have been exhausted. CT answers key questions about the policy.
Since the central bank dramatically changed the way it values the dong, treasurers have been warned to become proactive about monitoring and managing new risks associated with it.