The yuan is the new dollar as Russia makes a comeback

Russia resorts to the Chinese currency amid sanctions Moscow has become the No. 4 offshore trading center for the yuan The yuan’s share in the Russian forex market increased from 1% to 45% The Russian Central Bank supports the trend but warns of risks This content was produced in Russia where coverage of Russian military … Read more

Canada to enhance defense and cyber security in Indo-Pacific policy, focus on ‘disruptive’ China

OTTAWA, Nov. 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, outlining C$2.3 billion ($1.7 billion) in spending to bolster military and cyber security in the region and pledging to engage with China. troubled.” While working with her on climate change and trade issues. The plan, detailed in a 26-page document, said Canada … Read more

New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Exclusive: Germany is stepping up its emergency monetary plans to tackle power outages

FRANKFURT (Reuters) – German authorities are stepping up preparations to hand over emergency funds in the event of a power outage to keep the economy running as the nation prepares for a possible blackout caused by the war in Ukraine, four people involved said. One of the people said plans include the Bundesbank, Germany’s central … Read more

Biden and Xi prepare to meet ahead of Ukraine-overwhelmed G20 summit

NUSA DUA, Indonesia (Reuters) – Chinese leader Xi Jinping arrived on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden ahead of a set to be perilous summit of the Group of 20 nations. With tension due to the Russian invasion of Ukraine. The two leaders are expected … Read more

Analysis: Australia’s unbalanced swap market creates pockets of price chaos

SINGAPORE/SYDNEY (Reuters) – Volatility has exploded in an obscure but important corner of Australia’s $113 billion a day interest rate derivatives market, as turmoil flows across fixed income products. Dealers say the normally stable market for fixed and floating rate payments swaps has turned wild due to a combination of policy changes, speculation and skewed … Read more

Ukraine warns of more attacks on infrastructure, mayor urges Kyiv to prepare for the worst

Russia may be preparing for more attacks on energy sites – Zelensky 4.5 million Ukrainians without electricity as winter approaches Biden aide held talks with senior Russian officials Report: US urges Ukraine to open up to talks with Russia Kyiv/WASHINGTON (Reuters) – Ukrainian President Volodymyr Zelensky warned on Sunday of possible further Russian attacks on … Read more

Deposed Pakistani Prime Minister Imran Khan shot himself in the leg in what aides called an assassination attempt

Former cricketer Imran Khan shot himself in the leg He was leading a march to Islamabad to demand early elections “It was an obvious assassination attempt,” says an aide. Pakistan has a long history of political violence The White House condemns the attack on Khan LAHORE (Reuters) – Former Pakistani Prime Minister Imran Khan was … Read more

The Fed is raising interest rates significantly, indicating possible smaller increases in the future

The US central bank raises interest rates by 75 basis points Powell says the time to reassess the pace of rate hikes is ‘coming’ WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst spread of inflation in 40 years, … Read more