Saudi Arabia’s changing investment plans caused reserves to fall
Saudi Arabia’s foreign reserves fell by more than $16 billion last month as the kingdom allocates less money to its central bank and funnels more into riskier assets. The country…
Asia’s next step away from dollar
Vietnam, the Philippines and Brunei will join other major Southeast Asian economies in an interconnected QR code payment system that aims to reduce reliance on the US dollar – Nikkei…
Evergrande loses $2 billion in value as trade resumes
China’s Evergrande Group lost about $2 billion, or 80% of its market value, on Monday after trading of its shares resumed, a decisive move for the world’s most indebted company…
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