Mon, Jul 6th, 2009
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(Adds details of transactions using yuan.)
SHANGHAI (Dow Jones)--China formally allowed the use of the yuan to settle cross-border trade Monday, and three Shanghai-based firms completed transactions using the currency.
While Hong Kong residents have been allowed to move yuan between their local bank accounts and mainland China on a limited basis for years, this is the first time Beijing has extended yuan settlement to include commercial transactions.
Related stories from top sites:
China Eastern to issue 7 bln yuan worth of shares
Jun 29th, 2009 - Reuters
SHANGHAI, July 13 (Reuters) - China Eastern Airlines(600115.SS)(0670.HK) said on Monday it would merge with ShanghaiAirlines (600591.SS) in a share swap and issue A shares and Hshares worth about 7 billion yuan ($1.
Espionage Charges in China May Be Linked to Negotiations Over Iron Ore Prices
Jun 29th, 2009 - StarNewsOnline.com
SHANGHAI — China’s detention of four employees of the Anglo-Australian mining giant Rio Tinto on spying charges this week is tied to evidence that they obtained...
China Locks Down Web After Riot
Jun 29th, 2009 -
SHANGHAI -- China clamped down on the Internet in the capital of China's northwestern region of Xinjiang on Monday, in the hope of stemming the flow of information about ethnic unrest which left 140 people dead.
Michael Jackson's Mom Fears Looting
Jun 29th, 2009 - TMZ.com
The lawyer for Michael Jackson's mother filed documents in court today, sounding the alarm that people up to no good will try and fleece Michael's estate. The court had...
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