China’s yuan hit a fresh record high on Tuesday and unprecedented demand has made it stand out as one of the world’s most attractive currencies, analysts say.
Japan stocks, up nearly 51 percent this year, may get another leg higher after lawmakers last week submitted a bill to legalize casinos.
Foreign banks in China have warned that they will suffer severe from new rules aimed at limiting lending by domestic banks. The FT reports.
Pavin Chachavalpongpun, Associate Professor, Centre for Southeast Asian Studies at Kyoto University, explains why snap elections would offer only a short term solution.
More than a 100 dignitaries and celebrities are expected to gather in South Africa on Tuesday for Nelson Mandela's memorial service. NBC's Lester Holt reports from Soweto.
Stuart Oakley, Managing Director, Asian Currency Trading at Nomura, explains the massive demand behind yuan trades.