ABU DHABI/WAM The United Arab Emirates and the Republic of Mozambique have reviewed avenues to …
Read More »China’s currency policies need an overhaul
The irony of the yuan rally that took bears by surprise last week was that the surge came just days before China announced that its foreign currency reserves shrank by $41 billion in December. The stockpile is now $3 trillion, a decline of more than $1 trillion since its peak in 2014. Authorities have been drawing upon the huge …
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