DURBAN, South Africa (AP) -- China and Brazil signed an agreement Tuesday to do billions of dollars of trade in their local currencies, as the five-nation BRICS forum of emerging market powers work to lessen dependence on the U.S. dollar and euro....
China, Brazil Sign Local Currency Trade Deal
By MICHELLE FAUL, Associated Press: Business
Tue, 03/26/2013 - 5:55am
BING NEWS:
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In today's financial environment, Brazil’s Central Bank (BCB) finds itself at a crossroads, facing pressures both domestic and international that push it towards a more cautious approach in its policy ...
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A group of economically-aligned nations known as BRICS is reportedly hammering out the details on a new currency designed to drop dependence on the US dollar.
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Central bank decisions in Australia and the U.K. will likely take center stage, though investors will continue to watch any signals from the U.S. regarding the possible timing of an interest-rate cut.
05/3/2024 - 8:56 am | View Link - China's Economic Gambit Could Nuke Putin's Dollar Ploy
A depreciation of the yuan could undermine its appeal relative to the greenback, whose prominence Russia wants to overhaul.
05/2/2024 - 9:00 pm | View Link - More
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