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The central bank report: in September this year, the renminbi accounted for 9.5% of global trade finance, ranking second. Since 2022, new RMB clearing banks have been set up in Laos, Kazakhstan, Pakistan and Brazil. At the end of 2022, the balance of RMB deposits in major offshore markets was about 1.5 trillion yuan, returning to a record high. The People's Bank of China will adhere to the market-driven and independent choice of enterprises to promote the internationalization of the RMB in an orderly manner. ....
(Bloomberg) Investors looking to make big bets on Turkish assets will have to wait longer for the country’s policymakers to meet one of their key demands — the lifting of restrictions on the offshore currency swaps market.Most Read from BloombergIsrael Latest: Army Stops Lebanon Incursion, Calls Up 300,000Israel Latest: Over 1,100 Dead; US Sends Warships to RegionSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingOil Surges as Israel Conflict Reignites Middle East VolatilityTurkish au ....
What happens when shipowners, naval architects and engineers team up to boost an already successful SOV vessel to make her the optimum choice for flex. ....