Tag Archives: Oil

China Announces That It Is Going To Stop Stockpiling U.S. Dollars

China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States.  The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves”.

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Money - Photo by Pen Waggener

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China’s planned crude oil futures may be priced in yuan – SHFE

Nov 21 (Reuters) – The Shanghai Futures Exchange (SHFE) may price its crude oil futurescontract in yuan and use medium sour crude as its benchmark, its chairman said on Thursday, adding that the bourse is speeding up preparatory work to secure regulatory approvals.

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