WASHINGTON, Dec 7 (Reuters) – Thomas Barkin, Chairman of the Federal Reserve Bank of Richmond, was reviewing the latest inflation-related data one morning in June after having breakfast with bank interns when he saw an alarming sign . Prices had jumped in May, after a slight dip in April that had raised hopes that a …
Failure of inflation puts central bankers in check Read More »
Russia turns to Chinese currency despite sanctions Moscow becomes the 4th offshore trading center for the yuan The share of the yuan in the Russian foreign exchange market increases from 1% to 45% Russian central bank backs trend but warns of risks This content was produced in Russia where the law limits coverage of Russian …
Yuan is the new dollar as Russia rolls to red back Read More »
SHENZHEN, Nov 21 (Reuters) – Julian Zhu, who grew up in a Chinese village, only saw his father a few times a year when he returned for vacation from his grueling job at a textile factory in southern Guangdong province . For his father’s generation, factory work was a lifeline out of rural poverty. For …
Young Chinese reject factory jobs that fuel economy Read More »
