Exclusive: China’s state banks seen acquiring dollars in swaps market to stabilise yuan
China’s state banks stepped up their intervention to defend a weakening yuan on Monday, with banking sources telling Reuters these banks sold a high volume of U.S. dollars and used a combination of swaps and spot trades.
Cryptoverse: Gold coins glimmer amid the global gloom
A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation.
Sanctioned Russian bank VTB pays FX bond coupons in roubles
Sanctioned Russian lender VTB (VTBR.MM) made coupon payouts in roubles to holders of its subordinated bonds denominated in U.S. dollars and euros, the National Settlement Depository said on Tuesday.
