China's yuan joins elite club of IMF reserve currencies

Oct 1, 2016

China's yuan joins elite club of IMF reserve currencies

China’s yuan is joining the International Monetary Fund’s basket of reserve currencies as of Saturday, a milestone for the government’s campaign for recognition as a global economic power. The yuan joins the dollar, euro, yen and pound in the IMF’s special drawing rights (SDR) ...

Sep 29, 2016

U.S. cutting off North Korea's sources of foreign currency

The United States is focusing on cutting off North Korea’s foreign currency sources to increase pressure on Pyongyang to abandon its nuclear program, a senior State Department official said Tuesday. “We’re focusing our efforts on cutting off sources of revenue for the regime’s unlawful ...

Aug 27, 2016

Japan may require 'Pokemon Go' currency's issuer to pay deposit

Japan’s Financial Services Agency is considering whether the “Pokemon Go” smartphone game’s currency, PokeCoins, should be categorized like electronic money under prepaid cards, informed sources have said. The agency has been conducting a hearing on the Japanese arm of Niantic Inc., the game’s U.S. ...

Aug 20, 2016

Top-secret Cold War-era bank notes shown to public in Poland

Top-secret Cold War-era bank notes printed by the Warsaw Pact for use in case of a war with the West were shown publicly in the Polish capital for the first time on Friday. Code-named “E-17,” the crisp notes — issued in the 1970s and ...

Aug 14, 2016

56% of major firms expect temporary lull in economy: survey

More than half of major Japanese companies surveyed expect the economy to remain flat through the end of the year, citing such concerns as sluggish consumer spending, a stronger yen and the effects of Britain’s decision to leave the European Union, a Kyodo News ...

Beijing ridicules Trump over 'China-bashing'

Aug 9, 2016

Beijing ridicules Trump over 'China-bashing'


China responded Tuesday to claims by Republican U.S. presidential candidate Donald Trump that Beijing “breaks the rules in every way imaginable” when it comes to trade, lashing out at the business mogul’s economic prescription that it called “dangerous and damaging.” In a commentary, the ...