China Paves Way for Yuan Gains as PBOC Boosts Fix Beyond 7

China opened the door for further yuan gains, as the central bank strengthened the daily reference rate by the most since August, pushing it past a closely watched level. The People’s Bank of China set the so-called fixing at 6.9929 per dollar on Friday, compared with...

Chinese Banks Top Global Peers as Main Lenders to The Gulf

The Gulf is fast emerging as part of China’s next big financial play, with years of diplomatic overtures now translating into hard cash. Chinese banks’ lending to the region jumped nearly three-fold to a record $15.7 billion in 2025, excluding bilateral loans, with...

Ken Griffin Calls Japan Bond Selloff ‘Explicit Warning’ for US

Citadel’s Ken Griffin said heavy selling of Japanese government bonds this week should serve as an “explicit warning” to US politicians to improve the nation’s finances. “The bond vigilantes can come out and extract their price,” Griffin told Bloomberg Television at...