Commentary / World Jun 20, 2021
Putin's right. There is no escaping the dollar.
by Daniel Moss
China's campaign to internationalize the yuan, which received backing from the International Monetary Fund in 2016, is going nowhere fast.
Business / Financial Markets Jun 18, 2021
The dollar eased to around ¥110.00 in Tokyo trading on Friday in the wake of a drop in U.S. interest rates. At 5 p.m., the dollar stood at ¥110.00, down from ¥110.59 at the same time Thursday. The euro was at $1.1915, down from $1.1954, ...
Business / Tech Jun 15, 2021
In El Salvador's Bitcoin beach town, digital divide slows uptake
by Nelson Renteria
The tropical surfing spot's basic infrastructure offers a glimpse of the potential pitfalls to popularizing Bitcoin nationally for payments and savings.
Business Jun 14, 2021
As El Salvador makes bitcoins tender, traders mull where that leaves the dollar
by Sydney Maki and Vildana Hajric
Some observers wonder whether a bigger movement is afoot: replacing a conventional currency on a national scale and then beyond.
Business / Financial Markets Jun 11, 2021
The dollar moved in a narrow range around ¥109.40 in Tokyo on Friday. At 5 p.m., the dollar stood at ¥109.42, down from ¥109.54 at the same time Thursday. The euro was at $1.2182, up from $1.2160, and at ¥133.31, up from ¥133.21. In overseas trading ...
Business | ANALYSIS Jun 2, 2021
China's banks are bursting with dollars, and that's a worry
by Winni Zhou and Tom Westbrook
Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China's banks leapt above $1 trillion for the first time in April.
Business May 20, 2021
At one point on Wednesday, nearly $1 trillion was wiped off the market capitalization of the entire cryptocurrency sector.
Business May 17, 2021
Bitcoin tumbles after Elon Musk implies Tesla may sell cryptocurrency
The currency slid below $45,000 for the first time in almost three months following a Twitter exchange involving the mercurial billionaire.
Commentary / World May 13, 2021
Unseen digital cash will stretch your money
by Andy Mukherjee
These invisible blockchain tokens could still turbocharge our everyday money: by making it move faster and stretching its worth.
Business | ANALYSIS Apr 26, 2021
With digital yuan trials, Beijing looks to claw back data from Alipay and WeChat
"Big data is wealth. Whoever owns data thrives," said a banking official tasked with promoting the digital yuan.
World Apr 19, 2021
'Britcoin' not bitcoin? U.K. considers new digital currency
by David Milliken and Huw Jones
A Bank of England-backed digital version of sterling would potentially allow businesses and consumers to hold accounts directly with the bank and to sidestep others when making payments.
Business / Economy Apr 13, 2021
U.S. eyes potential threat from China’s digital yuan
by Saleha Mohsin
Some officials are concerned China's moves could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency.