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Finance & Markets

China Taps Deutsche Bank as First Foreign Yuan Clearer in Europe

China has authorized Deutsche Bank AG as the first non-Chinese lender that can settle yuan transactions in Europe, expanding its clearing network to promote the currency overseas.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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HK, mainland shares retreat at open

Shares in Hong Kong and on the mainland opened lower on Wednesday as investors awaited a crucial inflation report expected to influence upcoming monetary policy decisions.

More from Wednesday 12 August →