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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.
Companies - both Western and Asian - are finding creative ways to make cross-border payments in the region more efficient.
In December 2015, the ASEAN countries will form the ASEAN Economic Community. The economic prognosis is good.
CT has provided all the basic tools and know-how to help you get your operations started in the US and Canada.
Three regional banks are gearing up to open their branches in Myanmar – a symbolic and political move that has been pushed through ahead of the country’s elections, CT understands.
The UK lender is no longer taking on any new international trade and cash mandates outside of the UK and Ireland.
FX instability will hurt the economic development of ASEAN, but a single currency has been discredited as a saviour.
Honnus Cheung, CFO for Travelzoo (Asia-Pacific), outlines the first steps of building a business and picking the right bank.
ICBC’s Singapore branch can now provide renminbi cross-border settlements. What factors will help Singapore to rival Hong Kong as a renminbi hub and what will it mean for the CNH? CT asks the experts