28 Dec '14, 9pm

#peakoil China To Launch Yuan Swap Trading With Russian Rubles On Monday: The world was slow to wake up to the...

China will allow trading in forwards and swaps between the yuan and three more currencies in a bid to reduce foreign-exchange risks amid increased volatility in emerging markets. The China Foreign Exchange Trade System will begin such contracts with Malaysia’s ringgit, Russia’s ruble, and the New Zealand dollar from Dec. 29, it said in a statement on its website today. That will extend the yuan’s swaps trading to 11 currencies on the interbank foreign-exchange market. A plunge in Russia’s ruble this month to a record low sparked a selloff in developing nations’ assets, leading to a surge in currency volatility. The new contracts come amid efforts by China to increase the international use of the yuan, as the world’s second-largest economy promotes it as an alternative to the U.S. dollar for global trade and finance. Malaysia and Russia are China’s eighth and ninth biggest ...

Full article: http://peakoil.com/publicpolicy/china-to-launch-yuan-swap...

Tweets

Has China Abandoned Bitcoin? #ShanghaiComposite...

twitter.com 30 Dec '14, 9pm

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Has China Abandoned Bitcoin? #ShanghaiComposite #China

Has China Abandoned Bitcoin? #ShanghaiComposite...

cointelegraph.com 30 Dec '14, 9pm

There has been much conjecture on the role China has played in the rise and fall of Bitcoin’s price. Most in this space re...

China-based firm asks for Singapore trading suspension: The external auditor, Foo Kon Tan Grant Thornton LLP,

China-based firm asks for Singapore trading sus...

to suspend its shares from trading, citing a delay the finalisation of its accounts due to "operational issues". The exter...

China builds new 1100-mile high-speed train route

inhabitat.com 29 Dec '14, 11am

China has some seriously dense populations, with tons of people concentrated in a small area . High-speed rails are a smar...

Monday Motivation: The New 0.0-Mile Race

Monday Motivation: The New 0.0-Mile Race

running.competitor.com 29 Dec '14, 7am

This non-traditional “run” may be perfect for your non-runner friends. A new race is coming to Philadelphia next year and ...