Author Archives: sohesh
Galaxy S4 shipments reportedly hit 20 million
China into Europe: the Latest Currency Deal
After announcing a prospective deal in February, Sir Mervyn King has completed his stint as governor of the Bank of England by signing a currency-swap agreement with the People’s Republic of China. It is the latest of around 20 similar deals that the People’s Bank of China had finalised in recent times, spreading the influence of the renminbi around the world economy. There are of course distinct advantages to the British economy of holding a large stock of yuan; however, analysts are discussing the move by the Chinese as a continuation of the attempt to challenge the US Dollar as the global base currency, and to increase the presence of the renminbi beyond those geo-politically adjacent economies, such as Hong Kong and Taiwan, and China’s largest trading partners, such as Brazil. This blog published on the currency swap deal with Brazil on April 10th 2013: http://wp.me/p3g0mz-1a
Mervyn’s Final Signature
View original post 606 more words
China into Europe: the Latest Currency Deal
After announcing a prospective deal in February, Sir Mervyn King has completed his stint as governor of the Bank of England by signing a currency-swap agreement with the People’s Republic of China. It is the latest of around 20 similar deals that the People’s Bank of China had finalised in recent times, spreading the influence of the renminbi around the world economy. There are of course distinct advantages to the British economy of holding a large stock of yuan; however, analysts are discussing the move by the Chinese as a continuation of the attempt to challenge the US Dollar as the global base currency, and to increase the presence of the renminbi beyond those geo-politically adjacent economies, such as Hong Kong and Taiwan, and China’s largest trading partners, such as Brazil. This blog published on the currency swap deal with Brazil on April 10th 2013: http://wp.me/p3g0mz-1a
Mervyn’s Final Signature
View original post 606 more words
NYPD: No NYC skyscraper stunt for Wallenda
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sohesh 