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China Looking To Reposition Renminbi As Global Currency

You can call it the yuan or the Renminbi—they are used interchangeably—but whatever you call it, you’d better get ready for the world’s fastest-growing currency. An oddity outside China’s borders less...

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US Warns of ‘Catastrophic’ Effect If It Defaults

The U.S. Treasury is warning there could be “catastrophic” economic effects worldwide if Congress does not increase the country’s borrowing limit in the coming days so the United States does not...

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