international

A few weeks ago, Mike Farrell, head of Annaly Capital, a New-York based, non-bank finance firm, wrote a letter to his investors that pointed out that “in times of chaos ... those that survive aren’t necessarily the biggest or the bravest.” the FT reported. more...

China's currency, the yuan, is expected to outrank the British pound to become one of the three most favored international trade settlement currencies in the latter half of this year, the Caixin reports. more...