Kenya is in talks with China to convert a dollar-denominated railway loan into Chinese yuan, an aide to the Finance Minister John ...

Facing dollar dominance and capital controls, this move could reshape finance but risks remain. Will it trigger a global ...

Treasury Cabinet Secretary (CS) John Mbadi has revealed that Kenya is negotiating with China to extend repayment terms and ...

China has been steadily expanding the use of digital currencies to boost the global reach of its yuan, or renminbi, as part of its long-term ambition to counter the dominance of the U.S. dollar in ...

Kenya’s repayment of the SGR loan is currently in US dollars, meaning the government must constantly buy large amounts of dollars from the market to meet repayment obligations. This creates extra ...

The lion’s share of yuan transactions take place in Hong Kong. The U.S. dollar’s share as a global payment currency was over ...

The soaring popularity of its collectible toys, particularly the Labubu doll, is allowing POP MART to experience unprecedented growth. The company’s latest financial report is a testament to the brand ...

China weighs allowing yuan-backed stablecoins, signaling a policy shift to boost global currency use and counter U.S. dominance.

One interesting snippet for FX markets in those FOMC minutes were remarks that the available data showed 'relative stability' ...

In a major reversal of its stance towards digital assets, China’s State Council plans to approve new yuan internationalisation plan later this month ...

Sunny Optical’s revenue and earnings are largely derived from manufacturing camera lenses and modules for smartphones, automobiles, and extended reality, or XR, devices. Sunny has become the largest ...