The petrodollar system, the practice of valuing and trading oil in U . S . dollars, has been central to the global economy since the 1970s .

The rate, which didn’t carry a clear strengthening bias, signals authorities are bracing for further yuan weakness in case US President-elect Trump follows through with his pledge of imposing ...

China’s yuan recorded a sharp fall amid rising uncertainty as Republican candidate Donald Trump declared victory in the US presidential election. The offshore yuan on Wednesday had at one stage ...

HONG KONG/SHANGHAI (Reuters) - China's yuan (CNHUSD) and stock markets fell sharply on Wednesday as the prospect of another Donald Trump presidency and Republican control of US Congress risked ...

President Gustavo Petro said that Bogotá is entering a “structural problem” due to water shortages that have led the capital to reinstate strict rationing. The Chingaza system, which includes ...

When delegates of the world gather in Baku, Azerbaijan, next week for the most important yearly meeting on climate change, their meetings will overlook a reeking lake, polluted by the oil fields ...

On top of that, No.2 seed Katie Boulter will look to continue her rich vein of form in a final four bout with world No.45 Yuan Yue. Who will rise to the occasion in Causeway Bay? Shnaider, who needed ...

China’s central bank bought a net 200 billion yuan (US$28.07 billion) in treasury bonds in October, to provide what it termed a “reasonable” level of liquidity as the country grapples with a ...

MANILA, Philippines — Choco Mucho and Petro Gazz headline the opening day of the longest and biggest PVL All-Filipino Conference on November 9 at Philsports Arena. The league on Thursday ...

SHANGHAI, Oct 31 (Reuters) - China's central bank has injected 500 billion yuan ($70.24 billion) into its banking system during October through a new reverse repurchase tool announced earlier this ...

Use of the yuan in global payments slumped by the most on record last month, according to transaction data compiled by global financial messaging service Swift. The portion of transactions ...