An Emerging Star Called Renminbi
A Bank of International Settlements survey released on September 5 reveals that the renminbi (RMB) is now among the 10 most actively traded currencies in the world. Read Here – The Diplomat
A Bank of International Settlements survey released on September 5 reveals that the renminbi (RMB) is now among the 10 most actively traded currencies in the world. Read Here – The Diplomat
Indian Prime Minister Manmohan Singh will be meeting with President Obama in Washington next week to discuss economic and trade cooperation between the United States and India. One of the most critical topics on the table will be immigration reform as it relates to Indian workers in the United States. Read Here – Brookings
Chancellor Angela Merkel won a resounding election victory on Sunday as her conservatives scored their best result since reunification in 1990. It’s a personal triumph for her, but she still faces tough negotiations to form a stable government. Read Here – Der Spiegel
Chancellor Merkel has run a bland re-election campaign. But that is exactly what voters were looking for. There are many reasons why she will win a third term on Sunday, but the primary one is her deep understanding of what the German electorate wants. Read Here – Der Spiegel
For now, Germany is basking in its economic success and might not have to worry about major sacrifices for the sake of the euro. But if they were ever to become necessary, which remains a very real possibility, German elites might regret their acquiescence to democratic demobilization. Read Here – Foreign Affairs
As the world marks the 500 year anniversary of the arrival of the Portuguese people to China, a wave of Chinese investment and capital is pouring into Portugal. Read Here – The Diplomat
The story of Japan these last 20 years, from the government to banks to companies, has involved keeping consumer prices steady. Deflation has acted like a stealth tax cut for households and restored some sobriety to costs. Read Here – Bloomberg
Germany‘s election is likely to throw up a coalition government. Here are some possibilities. Read Here – BBC
China‘s contribution to the global economy will be in its steady growth and structural transformation; only long-term reforms can sow the seeds of prosperity. Measures used in emergencies – moves that break market rules – can be effective for a short time but they have long-term disadvantages. Read Here – Caixin
When one of South Africa’s biggest newspaper chains was sold last month, an odd name was buried in the list of new owners: China International Television Corp. Read Here – The Globe and Mail