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Novacrust: FX costs eroding earnings for Africa’s remote workers●This is how rich SpaceX workers are after the IPO●Korea Helps Fund Guatemala’s Push to Light Up the Countryside●Chile Opens Its Pacific Ports to Argentina’s Mining Boom●Brazil May Cut Off Pix Access for Cyber-Weak Banks●Russia has a desertion problem. Ukraine has a manpower crisis●ExxonMobil Puts $935,000 Into Training Trinidadians for Oil●Peru Enlists Its Diplomats to Sell More Pisco Abroad●Novacrust: FX costs eroding earnings for Africa’s remote workers●This is how rich SpaceX workers are after the IPO●Korea Helps Fund Guatemala’s Push to Light Up the Countryside●Chile Opens Its Pacific Ports to Argentina’s Mining Boom●Brazil May Cut Off Pix Access for Cyber-Weak Banks●Russia has a desertion problem. Ukraine has a manpower crisis●ExxonMobil Puts $935,000 Into Training Trinidadians for Oil●Peru Enlists Its Diplomats to Sell More Pisco Abroad●

Asia

China further boosts Hong Kong’s role as offshore yuan hub

Business - South China Morning Post · 4d ago · 🇨🇳 China

China further boosts Hong Kong’s role as offshore yuan hub

China’s central bank announced more measures to expand Hong Kong’s role as an offshore yuan hub, injecting “vitality” into the city’s markets and supporting efforts to grow international use of the currency. Institutions in mainland China would be able to buy a net 800 billion yuan (US$118 billion) of offshore bonds each year via the Southbound Bond Connect scheme, an increase of 60 per cent, People’s Bank of China (PBOC) Governor Pan Gongsheng said on Tuesday. The scope of eligible products...

Read the full story at Business - South China Morning Post →

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