ABU DHABI / WAM EDGE, one of the world’s leading advanced technology and defence groups, …
Read More »China Inc.’s $7.8bn of dividend payouts to stress Yuan
Bloomberg The yuan’s rebound may be undermined by a seasonal hunt for dollars as Chinese companies prepare to pay dividends to shareholders overseas. Demand for the greenback and other currencies will peak at $7.8 billion in July, a substantial sum considering that local lenders settled an average of $11.8 billion in foreign-exchange for clients in the first five months of …
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