By Reuters Staff
3 Min Read
(Adds response from regulator in paragraph 7 and 8; clarifies curbs as verbal guidance in paragraph 3 and 10)
SHANGHAI/BEIJING, March 12 (Reuters) - Regulators have tightened the screws on foreign exchange transactions in one of China’s main export hubs by restricting conversions of exporters’ dollar earnings, people familiar with the matter said, as authorities seek to rein in a surging yuan.
China has long held a tight grip on its currency due to concerns that excessive volatility could affect capital flows and harm the economy. Unlike other large economies, Beijing does not allow fully unrestricted cross-border money transfers, and foreign currency cannot be freely converted into yuan.
British Prime Minister Boris Johnson said on Sunday his government would iron out what he described "technical issues" with the European Union over post-Brexit trade.
British Prime Minister Boris Johnson said on Sunday his government would iron out what he described "technical issues" with the European Union over post-Brexit trade.
3 Min Read
BRASILIA, Feb 10 (Reuters) - The free-trade treaty reached between the European Union and the South American bloc Mercosur will not get signed if Brazil does not show concrete steps toward reducing deforestation in the Amazon, European ambassadors said on Wednesday.
“We need facts. If there are no advances, it will not be possible to sign this agreement,” Ignacio Ybañez, EU ambassador to Brazil, told reporters.
If that does not happen, the European Commission will not be able to present the deal that took two decades to negotiate to the European Parliament for ratification, he said.
“We will continue to be demanding with Brazil until there are concrete results. Brazil knows what has to be done,” Ybañez said.
Improving economics and government policies are creating opportunities for carbon capture and storage, Exxon Mobil Chief Executive Darren Woods said at an energy conference on Tuesday.