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Russia Pushes for More Chinese Currency Swaps to Escape U.S Dollar Dependency
- The Russian and Chinese agree on having more direct Yuan/Ruble currency swaps in the future, seen as a part of a Russian drive to bypass and weaken the USD in retaliation for recent Western economic sanctions.
Monday, 11/08/2014 | 13:22 GMT by
Avi Mizrahi
SpotOption Expands in Hong Kong to Attract More Chinese Binary Brokers
- Binary Options Platform Provider, SpotOption has opened a new office in China's most cosmopolitan financial hub, Hong Kong in order to provide its prospective Asian clients with a convenient "shop front".
Tuesday, 05/08/2014 | 10:51 GMT by
Avi Mizrahi
BNP Paribas Appoints Paul Yang as Its Regional Head for Greater China
- BNP Paribas SA has announced the appointment of Paul Yang as its newest Head for Greater China in a bid to help augment the group's growth and manage business in China, replacing the outgoing Laurent Couraudon.
Monday, 04/08/2014 | 14:31 GMT by
Jeff Patterson
Payment Picks: Facebook Launches New Payment Method, Wikipedia Accepting Bitcoin Donations
- This week led to a series of developments in the payments realm, characterized by an alternative form of purchasing for Facebook, as well as the introduction of Bitcoin as a viable payment method on Wikipedia.
Saturday, 02/08/2014 | 17:22 GMT by
Jeff Patterson
WeChat and Mobile QQ exclusively sell Xbox One in China. First console in 14 years
Monday, 28/07/2014 | 14:48 GMT by
FMAdmin Someone
Renminbi Internationalisation Embraced by the Reserve Bank of Australia
- An official Chinese yuan clearing bank likely to be designated in the coming months, following London, Frankfurt, Paris, Luxembourg and Seoul and paving the way to China's onshore interbank CNY payments system.
Wednesday, 23/07/2014 | 21:16 GMT by
Victor Golovtchenko
JPMorgan Names Brett Krause, President of Chinese Bank
- JPMorgan Chase & Co continues to add new experienced investment banking executives to its JPMorgan Chase Bank (China) company after a shakeup in March following an investigation of hiring practices.
Wednesday, 23/07/2014 | 07:19 GMT by
Avi Mizrahi
Why the Chinese Buy US Real Estate and What it Shows About China's Economy
- In the first part of Forex Magnates Special China Series, we examine how trends in foreign housing purchases in the American market can reveal undercurrents in the global financial order and the Chinese economy.
Monday, 21/07/2014 | 14:22 GMT by
Avi Mizrahi
US Vs Them: BRICS Countries to Establish Competing Financial Institutions
- The Sixth BRICS Summit in Brazil has revealed several initiatives, such as a new development bank and reserve currency fund. New institutions highlight the group's increasing role in international trade & commerce.
Wednesday, 16/07/2014 | 19:40 GMT by
Adil Siddiqui
Mary MacLeod Named International and Institutional Banking CFO at ANZ
- The Australia and New Zealand Banking Group (ANZ) has appointed Mary MacLeod as its newest CFO for its International and Institutional Banking Division, following a lengthy tenure in the APAC region.
Wednesday, 16/07/2014 | 15:33 GMT by
Jeff Patterson
China to Reduce Yuan Exchange Rate Intervention - Or Is It?
- Chinese financial leadership sends seemingly conflicting messages about its commitment to stop fixing the Yuan’s rate and let it flow freely against the Dollar. A closer look though may reveal a consistent policy.
Thursday, 10/07/2014 | 11:48 GMT by
Avi Mizrahi
Is the Largest Internet Conglomerate in China about to Launch a Binary Options Brand?
- Chinese tech giant, Tencent QQ has partnered with the leading financial data terminal in the Asian market to run a Binary Options trading contest which could be its first step to entering the FX field.
Monday, 07/07/2014 | 09:02 GMT by
Avi Mizrahi
Chinese State TV Warns about FX Trading, Cites IFX and SFX as Culprits
- In a Chinese CCTV’s "FX speculation black platforms" story, traders who lost their money lamented suspicious brokers’ malfunction. Forex Magnates brings the translated transcript of the news report.
Sunday, 06/07/2014 | 14:34 GMT by
Avi Mizrahi
Payment Picks: Twitter Gains “Buy Now” Utility, Singapore Immersed in Payment Fraud
- Several notable developments transpired this past week across the world of payments, highlighted by a new Ecommerce function for Twitter and an alarmingly high outbreak of online payment fraud permeating Singapore.
Friday, 04/07/2014 | 14:35 GMT by
Jeff Patterson
Yandex.Money now offered as a payment option on AliExpress
Tuesday, 01/07/2014 | 12:50 GMT by
Adil Siddiqui
China Investment Corp Appoints Liu Guiping as Newest Executive Vice President
- China Investment Corp (CIC), China’s mammoth $575 billion sovereign wealth fund responsible for managing part of the country’s forex reserves, has tapped Liu Guiping as its newest executive vice president.
Monday, 30/06/2014 | 15:40 GMT by
Jeff Patterson
Tencent acquires 20% stake of Chinese Craigslist, 58.com for $736 million
Monday, 30/06/2014 | 14:11 GMT by
FMAdmin Someone
Upcoming IPO, Alibaba to be listed on the NYSE as "BABA" this August
Sunday, 29/06/2014 | 10:58 GMT by
FMAdmin Someone
Much like in World Cup, the Emerging Ones May Be FX’s Next Sensation
- Declines in volumes and volatility brings to the spotlight some exciting currencies and uncommon pairings. Can the BRIC block’s national coins go all the way to the final stages on the FX trading pitch?
Saturday, 28/06/2014 | 14:47 GMT by
Adil Siddiqui
Stripe partners with AliPay to offer extensive Chinese support
Wednesday, 25/06/2014 | 10:19 GMT by
FMAdmin Someone
WeChat now supports payments between users and one-click payments
Tuesday, 24/06/2014 | 08:53 GMT by
FMAdmin Someone
PBOC Launches Direct Renminbi to British Pound Trading
- The PBOC has announced today that they will begin to offer direct trading of the renminbi (RMB) and British Pound (GBP) on the interbank FX market. The GBP becomes the fifth currency to trade directly with the RMB
Wednesday, 18/06/2014 | 10:56 GMT by
Ron Finberg
Russia to implement China UnionPay as own national payment scheme.
Monday, 19/05/2014 | 08:53 GMT by
FMAdmin Someone
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