China is limiting the outflow of yuan funds that multinationals can send out of the country – a move apparently aimed at influencing the exchange rate in offshore markets by tightening supply.
The People's Bank of China told banks providing yuan cash-pooling services for multinational corporations to limit outflows so the firms do not send more funds overseas than they bring in, people with knowledge of the matter said.
BHP drunk on Anglo takeover
-
BHP going big: BHP is doubling down on its big bet on copper demand growing
exponentially in the global shift away from fossil fuels, with a bold
takeove...
No comments:
Post a Comment