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China opens currency to overseas banks
Economy

China opens currency to overseas banks

China will open its domestic foreign-exchange market to overseas central banks, making it easier for other nations to hold yuan assets as Asia's biggest economy pushes for the currency to win reserve status at the International Monetary Fund.

Shockwaves after Black Monday
Companies

Shockwaves after Black Monday

New Zealand experts surveying the fallout from China's "Black Monday" stock market tumble will look to see if it reflects bigger problems in that country's economy, which is a big buyer of our exports and a source of tourists.