SHANGHAI: China recorded its first-ever quarterly deficit in foreign direct investment (FDI), according to balance of payments data, underscoring Beijing’s challenge in wooing overseas companies in the wake of a “de-risking” move by Western governments.Onshore yuan trading against the dollar also hit record-low volume in October, highlighting authorities’ stepped-up effortsContinue Reading
Brazil has just cut a deal with China to ditch the US dollar when paying each other for trade goods. It’s the latest victory in Beijing’s long-term drive to stomp on the greenback and establish the yuan as the dominant international currency. The deal, announced Thursday, has revived concerns aboutContinue Reading
A passenger was fined $A700 after he ‘reclined his seat too fast’ and damaged someone’s laptop behind him. The issue of reclining seats, particularly on flights, is often divisive, with some thinking it should be allowed while others think it is rude. According to Business Insider, a university student, knownContinue Reading