Word: traded
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
When it comes to keeping trade secrets, Switzerland's chocolate makers can be as tight-lipped as its bankers. But while chocolatier Barry Callebaut refuses to reveal what goes into its latest invention, it's happy to share the result: a chocolate bar that won't melt in your hands or pack on the pounds...
...Beijing's leaders may also see China's own currency, the yuan (also known as the renminbi), as a possible alternative to the dollar. There are indications that China intends to make the yuan a greater factor in international trade and investment, a development that, if successful, would have major implications for the global financial system. HSBC economist Qu Hongbin believes that the yuan could become one of the top three currencies in the world by 2012, with some $2 trillion in trade transacted in the Chinese currency each year. "The internationalization of the renminbi has become a leading item...
...though, that Beijing may be slowly changing its policy toward the yuan in ways that could, over time, lead to its greater use on a global scale. Most notably, China and Hong Kong launched a pilot program this month through which Hong Kong banks can begin settling cross-border trade transactions in yuan for selected Chinese companies. This step will likely increase the use of yuan in Hong Kong, one of the world's premier financial centers. (The program also solidifies Hong Kong's role as China's chief financial hub.) This step follows a series of "swap agreements" concluded...
...China's motivations to boost the global standing of the yuan stem from the same concerns as its calls for a new reserve currency. Greater use of the yuan in trade would improve the competitiveness of Chinese exporters by reducing transaction costs and currency risks. By internationalizing the yuan, says HSBC's Qu, China can also begin extricating itself from the "dollar trap," in which the country, through its trade, amasses giant surpluses of dollars, which forces it to invest in dollar assets. This is why China, which holds $805 billion in U.S. Treasury securities, is the U.S.'s largest...
...news channel on July 18, the day after she arrived in Mumbai. The irony of that statement was not lost on India's foreign policy set, given that the country's recent attempts to take a leadership role in international affairs, such as leading developing nations at the World Trade Organization (WTO) and in climate-change negotiations, has led it on a path of friction with the U.S. (Read "Clinton Off to Patch Relations with India...