Cryptocurrency Market

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LNG

saudi-arabia-strengthens-bond-with-china-by-joining-sco-bloc-as-dialogue-partner

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision […]

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner Read More »

china-makes-advances-in-ditching-the-us-dollar-for-settlements-—-inks-deal-with-brazil-and-completes-first-yuan-lng-purchase

China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase

China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment.

China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase Read More »