Monthly Archives: June 2014

China to set yuan clearing bank in Sydney

Posted on June 30, 2014 by thomasdinnocenzi

China will designate a clearing bank in Sydney for overseas trading of its yuan currency, a top Australian official said on Thursday as Beijing seeks to make the tightly-controlled unit more international. The Australian financial capital would follow London and … Continue reading →

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Myanmar to grant licences to foreign banks by September

Posted on June 27, 2014 by thomasdinnocenzi

Myanmar’s central bank has said it plans to grant licences to foreign banks by September as it seeks to boost the flow of money to local businesses in the once tightly controlled economy. The nation’s reformist regime wants to modernise … Continue reading →

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , | Leave a comment

Vietnam’s farmers and manufacturers contrive to survive without China

Posted on June 26, 2014 by thomasdinnocenzi

Chinese dealers stopped showing up to the Vinh Kim Market, the largest fruit-trading outpost in the Mekong Delta, in June, blowing a huge hole in sales. Prices have been cut to less than a dollar per kilogram for durian or … Continue reading →

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Japan to unveil new reforms to boost economy

Posted on June 25, 2014 by thomasdinnocenzi

Japanese Prime Minister Shinzo Abe is expected on Tuesday to unveil a fresh round of reforms to boost a nascent growth recovery, reports said, his second attempt at launching the “third arrow” of his economic action plan. In a package that … Continue reading →

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , | Leave a comment