The People’s Bank of China (PBOC) has reaffirmed its commitment to prudently internationalize the yuan and liberalize the financial market, as stated on Thursday. The central bank is set to increase the use of the yuan in global transactions, a move that supports global investors’ asset allocation and encourages more overseas central banks to issue
UAW’s Pres. Shawn Fain will present the latest to workers during a Zoom meeting at 4 PM ET. Earlier General Motors (GM) proposed an offer to the UAW union that would result in the majority of its workforce earning approximately $40.39 per hour, equating to around $84,000 per year by the end of the agreement’s
Share: Crude oil prices surge as the US to purchase 6M barrels of crude oil for the SPR. Escalating fears over the Israel-Gaza conflict are underpinning the oil prices. Temporary suspension of US oil sanctions on Venezuela is anticipated to not prompt immediate policy adjustments from the OPEC+ alliance. Western Texas Intermediate (WTI)
> GM: We do have contingency plans, and will do what’s best for the company, and customers: GM responds to the increasing UAW strikes at parts and distribution centers Escalation of a strike by UAW’s top leadership is unnecessary We have now presented 5 separate economic proposals We will continue to bargain in good faith
USD/ZAR PRICE, ANALYSIS AND CHARTS: USD/ZAR Rises Despite BRICS Expansion Plans, Dollar Bulls Return. BRICS Bloc Has Extended an Invitation to 6 Countries to Join the Bloc with Saudi Arabia the Surprise. The BRICS Bloc Has Bold Ambitions but a Lot of Work Lies Ahead to Bring the Vision to Reality.The First Steps are Definitely
© Reuters. FILE PHOTO: A security man guards in front of a currency exchange bureau advertisement showing image of the U.S. dollar in Cairo, Egypt January 17, 2023. REUTERS/Amr Abdallah Dalsh/File Photo By Patrick Werr CAIRO (Reuters) – Egypt is offering a minimum $5,000 fee for Egyptians living abroad who wish to clear their military
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