On Monday, in a significant development, Iran’s foreign ministry spokesman Saeed Khatibzadeh said, talks in Vienna aimed at reviving the 2015 nuclear deal between Iran and the US have made “significant progress”. In a separate statement, Iran’s top security official… Read More ›
swap
Japan, China seek to restart FX swap lines in sign of warming ties – Kyodo
The currency swap deal will act as a safety net in case of financial turmoil by providing yuan to Japanese banks operating in China and yen to Chinese businesses. On Tuesday, Japan’s Kyodo news agency reported, Tokyo and Beijing are… Read More ›
Major Chinese banks supporting yuan by selling USD
The downturn of the Chinese yuan underscores investor concerns vis-a-vis the growing trade row between the United States and China. On July 6, U.S. tariffs on $34 billion worth of Chinese goods are set to kick in. On Tuesday, according… Read More ›