As trade denominated in yuan continues to rise at a phenomenal rate, its significance to global markets is quickly increasing. But even as the IMF considers adding renminbi to the basket of SDR reserve currencies and China’s global political clout rises commensurately, the country has yet to fully liberalize its markets—or its currency.
Global Finance Magazine
Frontier Markets Report | Myanmar is wide open in terms of investment prospects, and its opportunities are luring investors—despite the risks.
Special Report | U.S. Transaction Banking
Dealing with the regulatory complexities faced by their larger peers and without some of the flexibility of their smaller brethren, US regional transaction banks are building international partnerships and investing in best-of-breed technology platforms in order to win, and hold on to, corporate clients.
Awards & Rankings
The Innovators 2015 - Transactions Services, is Global Finance's annual listing of the most innovative banks and fintech companies in treasury and transaction services. The firms in this category are honored for launching products or services that are transforming the transaction services landscape for consumers and financial institutions. Global Finance uses the OECD's Oslo Manual Of Innovation to evaluate honorees.
From the Wires
By Paul Vieira OTTAWA--Canada recorded a larger-than-anticipated trade deficit in May, for the second-biggest on record, as export volumes fell in the energy and nonenergy categories. Canada's trade deficit for May widened to 3.34 billion Canadian dollars ($2.64 billion) from ...
By Eric Morath and Jeffrey Sparshott WASHINGTON--The U.S. trade gap expanded modestly in May, perhaps finding its level after a port disruption on the West Coast caused a turbulent spring. The trade deficit increased by 2.9% to a seasonally adjusted ...
LONDON?Tom Hayes, the alleged ringleader of a global interest-rate-rigging conspiracy, testified Tuesday that he previously admitted to misconduct to British investigators solely in an attempt to avoid being extradited to the U.S. Mr. Hayes took to the witness stand as ...