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Category: Currency

Vietnam’s foreign currency lending skyrockets in 8 months

Vietnam's lending in foreign currencies grew 11.5 percent in the first eight months of this year, 6.7 fold higher than the same period last year. Meanwhile, lending in Vietnamese dong (VND) grew 11 percent, according

China’s yuan rebounds as economic optimism returns

For those who worry about the state of the world economy, China has long been a major reason to lose sleep. Its financial system labours under a mountain of loans, while weaker growth has prompted

Bitcoin jumps after first solution to major ideological divide

Bitcoin reversed steep losses as miners began using new software which aims to bridge an ideological gap that has threatened to divide the crypto-currency. Bitcoin’s community has been at bitter odds for more than two

French bank BNP Paribas is stung by a £188m fine over currency trading scandal

BNP Paribas has been fined £188 million for failing to keep its currency traders from using electronic chatrooms to manipulate prices. The French bank will pay the money to the US Federal Reserve, which claims