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Business HSBC Chairman Tucker Says Yuan Can’t Challenge Dollar Dominance – Bloomberg
The U.S. dollar isn’t going to be replaced by China’s yuan as the world’s top reserve currency any time soon, according to HSBC Holding Plc, one of the world’s biggest trade finance banks. “I don’t think the U.S. dollar’s position at this point is anything other that dominant,” via Bloomberg...- curator
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Business YouTube’s Support for Musicians Comes With a Catch –
YouTube has asked musicians to agree not to disparage the streaming-video service in exchange for promotional support, according to people familiar with the matter, a way to quell persistent criticism by artists. In recent months, YouTube has given a handful of musicians a couple hundred...- curator
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Business Nigerian Inflation Rate Declines to 16.1% in June But Price of Bread, Fish, Potatoes Surge
Food inflation accelerated to 19.9 percent from 19.3 percent, driven by the cost of bread and cereals, meat, fish and potatoes as Nigeria’s inflation rate fell for a fifth consecutive in June. Inflation eased to 16.1 percent from 16.3 percent in May, the National Bureau of Statistics said in...- ProfRem
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